December 5, 2000

Microway Moves to 30,000 Square Foot Corporate Headquarters

December 5, 2000

Microway today announced the occupancy of its new building in historic Plymouth, Massachusetts. The move takes the company from its original location in the Cordage Park industrial complex to a state of the art manufacturing facility designed for its exclusive use.

Stephen Fried, President of Microway and designer of the space commented: "in our new building, we will be poised to triple our sales over the next two years. The growth of our cluster business necessitated this move. We will now be able to comfortably accomodate growth in each of our critical departments: manufacturing, R&D, sales, and technical support. In addition, our warehouse space has tripled. The combination of these factors enables Microway's team to continue to give the same excellent service and support to our customers, while easily increasing personnel levels to accomodate planned growth."

Over half of the 30,000 square feet facility is dedicated to manufacturing clusters and workstations. Microway has also added state of the art network, telephone, and lab/testing facilities.

Citizens Bank of Massachusetts was the principal lender for the purchase of the new facility. Peter C. Cobb and Sons was general contractor. Sounder Systems provided electrical and security installations. Alternative Communication Systems provided router and telephone systems. Microway's new high speed internal network design and implementation and T-1 administration was handled by senior Microway technical staff.