Mercia-backed manufacturer expands operations at major tech park
Credit: Warwick Acoustics
Warwick Acoustics has announced the expansion of its manufacturing operations, which will be located at the MIRA Technology Park.
The designer of high-end audio systems is using the funds to support R&D and scale its production capacity at MIRA, after securing its first OEM commercial contract.
Warwick Acoustics’ Electrostatic Audio Panels are now in the final phases of industrialisation, which are 90% lighter and use 90% less energy than traditional automotive speakers.
Crafted from upcycled materials, the technology is 100% recyclable by mass and devoid of rare earth elements.
Warwick Acoustics’ CEO Mike Grant said: “We have been based at MTP since 2018 and it has been a superb site for us to conduct the research, development and initial manufacturing of our products. As we enter series production, we are very proud to significantly expand our operations here. Manufacturing our product where we are based is important to us, not only for ensuring the sustainability and quality of our output but also because UK production offers real global competitiveness from where we can challenge industry norms in this huge $8bn global market.”
“Here in the Midlands, Warwick Acoustics is supported by Midlands-based venture capital firm Mercia Asset Management plc, as well as the Midlands Engine initiative. We also sit in a region that has a highly skilled automotive talent pool, allowing us to recruit the best qualified and experienced candidates to develop and grow this business. Business growth is our key focus following the successful completion of a £7m funding round, enabling the next step in our strategy to deliver a fundamental shift in the in-cabin audio experience.”
