Machfu announces move to new Headquarters

Machfu announces move to new Headquarters

Machfu announces move to new Headquarters 150 150 machfu

Tech Entrepreneurs Outgrow Incubator, Welcome Room to Grow

ROCKVILLE, MD (August 30, 2018) – Industrial IoT solutions innovator Machfu announced today
that it is moving its corporate headquarters from the Germantown Innovation Center’s award-
winning incubator program to commercial Class A office space in Rockville, Maryland. Machfu’s
new headquarters will encompass 5,000 square feet of The Grove 270, a LEED Gold certified
and Energy Star-awarded office complex.

“The Germantown Innovation Center (GIC) and BioHealth Innovation have been incredibly
supportive of our vision and goals from the very beginning,” said Prakash Chakravarthi, Founder
and CEO of Machfu. “GIC has encouraged us as our business model and plans evolved, and our
experience as early stage entrepreneurs in this facility has been wonderful.”

GIC provides nationally-recognized incubator support for tech start-ups in partnership with
Montgomery College’s state-of-the-art biotech facilities. Now managed by BioHealth
Innovation, firms located within the broader Montgomery County Business Innovation Network
have an excellent track record, and hundreds of companies have graduated adding thousands
of jobs to the local economy.

“We have been proud to support Machfu’s growth in the GIC incubator, and are excited for
them as they take this next step. Under Prakash’s leadership, they have done a great job
leveraging resources and talent while growing their business in the competitive IoT space,” said
Rich Bendis, CEO of BHI.

“The incubator space at GIC allowed Machfu to develop and launch our flagship product, the
MACHGateway, which simplifies developing and maintaining applications and infrastructure for
an industrial IoT platform,” said Chakravarthi. “As we prepare to launch our next round of
products and offer a more robust suite of solutions for industrial customers, we are ready to
graduate from our incubator space into a larger and more permanent corporate headquarters.”
Machfu will begin operations from its new office space in The Grove 270 on September 4, 2018.
To learn more about Machfu and its industrial IoT solutions, please visit www.machfu.com.

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