{"id":830678,"date":"2025-03-27T10:19:16","date_gmt":"2025-03-27T14:19:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/espey-mfg-electronics-corp-announces-funding-award-for-capital-improvements\/"},"modified":"2025-03-27T10:19:16","modified_gmt":"2025-03-27T14:19:16","slug":"espey-mfg-electronics-corp-announces-funding-award-for-capital-improvements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/espey-mfg-electronics-corp-announces-funding-award-for-capital-improvements\/","title":{"rendered":"Espey Mfg. & Electronics Corp. announces funding award for capital improvements"},"content":{"rendered":"
\n

SARATOGA SPRINGS, N.Y., March 27, 2025 (GLOBE NEWSWIRE) — Espey Mfg. & Electronics Corp.\u00a0(NYSE American: ESP)\u00a0announces funding award for capital improvements.<\/p>\n

Espey has been awarded $3.4 million in funding for capital equipment and facility upgrades to enhance domestic industrial capabilities. The funding is part of the U.S. Navy\u2019s initiative to strengthen and sustain the domestic U.S. Surface Combatant Industrial Base. The investment will enable Espey to expand its ability to design, manufacture, test, and deliver electrical power products. \u00a0<\/p>\n

This funding is in addition to the $7.4 million received in February 2023 for construction of a new manufacturing facility and enhancements to facility power infrastructure. These investments demonstrate the U.S. Government\u2019s ongoing commitment to bolstering critical domestic manufacturing capability. The work will take place at Espey\u2019s facility in Saratoga Springs, NY, with project completion expected in 2026.<\/p>\n

Espey\u2019s primary business is the development, design, and production of specialized military and industrial power supplies, power systems and transformers. The Company can be found on the internet at\u00a0www.espey.com.<\/a><\/p>\n

\n For further information, contact Ms. Kaitlyn O\u2019Neil at invest@espey.com.<\/em>\n <\/p>\n

This press release may contain certain statements that are \u201cforward-looking statements\u201d and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company\u2019s current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.<\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

SARATOGA SPRINGS, N.Y., March 27, 2025 (GLOBE NEWSWIRE) — Espey Mfg. & Electronics Corp.\u00a0(NYSE American: ESP)\u00a0announces funding award for capital improvements. Espey has been awarded $3.4 million in funding for capital equipment and facility upgrades to enhance domestic industrial capabilities. The funding is part of the U.S. Navy\u2019s initiative to strengthen and sustain the domestic U.S. Surface Combatant Industrial Base. The investment will enable Espey to expand its ability to design, manufacture, test, and deliver electrical power products. \u00a0 This funding is in addition to the $7.4 million received in February 2023 for construction of a new manufacturing facility and enhancements to facility power infrastructure. These investments demonstrate the U.S. Government\u2019s ongoing commitment to bolstering critical domestic manufacturing capability. The … <\/p>\n

Continue reading “Espey Mfg. & Electronics Corp. announces funding award for capital improvements”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830678","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEspey Mfg. & Electronics Corp. announces funding award for capital improvements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/espey-mfg-electronics-corp-announces-funding-award-for-capital-improvements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Espey Mfg. & Electronics Corp. announces funding award for capital improvements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SARATOGA SPRINGS, N.Y., March 27, 2025 (GLOBE NEWSWIRE) — Espey Mfg. & Electronics Corp.\u00a0(NYSE American: ESP)\u00a0announces funding award for capital improvements. Espey has been awarded $3.4 million in funding for capital equipment and facility upgrades to enhance domestic industrial capabilities. The funding is part of the U.S. Navy\u2019s initiative to strengthen and sustain the domestic U.S. Surface Combatant Industrial Base. The investment will enable Espey to expand its ability to design, manufacture, test, and deliver electrical power products. \u00a0 This funding is in addition to the $7.4 million received in February 2023 for construction of a new manufacturing facility and enhancements to facility power infrastructure. These investments demonstrate the U.S. Government\u2019s ongoing commitment to bolstering critical domestic manufacturing capability. 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