Tech company mtex Antenna Technology has announced plans to open a facility in Albuquerque, New Mexico, with the support of state and city funds. The $16 million investment will create a 70,000 square foot space for the manufacturing of high-performance AI panels and will result in the creation of 62 jobs. The project is expected to have an economic impact of $182 million over the next decade. mtex Antenna Technology CEO Lutz Stenvers cited the region’s skilled workforce and educational institutions as key factors in the decision to expand to New Mexico. The company also plans to collaborate with local universities and high-tech companies. The Albuquerque Regional Economic Alliance (AREA) played a role in facilitating the expansion. mtex develops and manufactures telescopes and antennas for various applications, including satellite communications and scientific research. The company has contracts with the National Radio Astronomy Observatory and the Smithsonian Astrophysical Observatory. The expansion is expected to contribute to the growth of the local tech industry and attract further investment to the region.
mtex Antenna Technology to Open Facility in Albuquerque, Creating Jobs and Boosting Economy, US
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