HAUPPAUGE, N.Y., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Forward Industries (NASDAQ: FORD) today announced that it has moved its corporate headquarters to Hauppauge, NY from West Palm Beach, Fla. to maximize the synergy with its subsidiary Intelligent Product Solutions, also located in Hauppauge (Long Island, NY).
“The decision to relocate our headquarters to Hauppauge reflects the group’s continued focus on growing our design division whilst improving efficiency from consolidating resources,” said Terry Wise, CEO of Forward Industries. “Our subsidiary, Intelligence Product Services (IPS), continues to play a pivotal strategic role in the Group’s future growth and success.”
The Forward relocation to Long Island builds on IPS’ recent expansion, with the addition of a light manufacturing and prototyping facility in Ronkonkoma, NY.
Forward Industries acquired Intelligent Product Solutions in January 2018. IPS, an award-winning global product design and development company, offers expert product design and engineering services, including Internet of Things (IoT) and wearable technology solutions. Its clients are among the leading brands in consumer electronics, medical devices, enterprise and security solution providers, and IoT-connected solutions.
In August 2020, Forward Industries acquired the assets of Kablooe Design, an innovative leading medical and consumer design and development company, and that company will now also be headquartered in Hauppauge with operations in Minneapolis, Minn.
In addition, Forward’s new Hauppauge headquarters location provides it with proximity to the Northeast market, with greater access to the many medical customers and potential medical customers located in the region.
About Forward Industries
Incorporated in 1962, and headquartered in Long Island, New York, Forward Industries is a global design, manufacturing, sourcing and distribution group. The company has a 30-year plus track record of Far Eastern sourcing capability. Forward’s products can be viewed online at www.forwardindustries.com.
