The Swoop® system is assembled using custom-made and off-the-shelf components sourced from manufacturers and vendors in the United States, Europe, and Asia. A key custom-made component, the magnet, is supplied by a single-source supplier in Europe. Other components, including magnets, FPGAs, CPUs, and molded plastics, are also procured from single sources. To mitigate supply risks, the company maintains significant inventory and is collaborating with Benchmark Electronics, Inc. to add an additional magnet supplier. Benchmark Electronics, Inc. manufactures, tests, ships, and supports all Swoop® system devices from its facilities in Nashua, New Hampshire, under a Manufacture and Supply Agreement (MSA) established in October 2018. The MSA includes binding purchase orders, inventory obligations, and grants Benchmark a license to use the company's technology solely for manufacturing the products.
Hyperfine Inc's Comment on Supply Chain
The Swoop® system is assembled using custom-made and off-the-shelf components sourced from manufacturers and vendors in the United States, Europe, and Asia. A key custom-made component, the magnet, is supplied by a single-source supplier in Europe. Other components, including magnets, FPGAs, CPUs, and molded plastics, are also procured from single sources. To mitigate supply risks, the company maintains significant inventory and is collaborating with Benchmark Electronics, Inc. to add an additional magnet supplier. Benchmark Electronics, Inc. manufactures, tests, ships, and supports all Swoop® system devices from its facilities in Nashua, New Hampshire, under a Manufacture and Supply Agreement (MSA) established in October 2018. The MSA includes binding purchase orders, inventory obligations, and grants Benchmark a license to use the company's technology solely for manufacturing the products.
Sources:
Hyperfine Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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