Lafayette, CO – According to filings with the U.S. Securities and Exchange Commission, Magswitch Technology is raising $7,250,000.00 in new funding. Sources indicate as part of senior management Chief Financial Officer, Oinatz Uribe played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Magswitch Technology
Magswitch Technology, headquartered in Colorado, USA is a leader in switchable magnetic technology. From initial development, design and engineering to manufacturing, final delivery and distribution, Magswitch has paved the way for innovation in multiple industries across the globe. Magswitch has evolved from manufacturing magnetic tools to engineering innovative technology to increase safety, productivity and speed in industries such as welding, fabrication, automation, manufacturing, heavy industry, shipbuilding and woodworking.

To learn more about Magswitch Technology, visit http://magswitch.com/

Contact:
Oinatz Uribe, Chief Financial Officer
303-468-0662
ouribe@magswitch.com
https://www.linkedin.com/in/oinatzuribe/

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