Apple Inc. (NASDAQ:AAPL) Awards $10 million to COPAN Diagnostics

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Apple Awarding $10 million to COPAN Diagnostics

Apple announced that it is awarding $10 million to COPAN Diagnostics from its Advanced Manufacturing Fund. It is a market leader in sample collection kits, and in today’s scenarios that play a critical role in COVID-19 testing.

The funding of $10 million by Apple now will allow the COPAN Diagnostics to rapidly accelerate its operations to increase the supply of sample collection kits for the hospitals across the United States, that is expanding production from several thousand today to more than one million kits per week by early July.

In Southern California, Apple Inc. (NASDAQ:AAPL) will support COPAN Diagnostics to expand to a new, larger facility in with advanced equipment that Apple is helping design. This will also create more than 50 new jobs.

 

Company Statement

“We feel a deep sense of responsibility to do everything we can to help medical workers, patients, and communities support the global response to COVID-19,” said Jeff Williams, Apple’s chief operating officer. “COPAN is one of the world’s most innovative manufacturers of sample collection kits for COVID-19 testing, and we’re thrilled to partner with them so they can expand as we work to address this critical issue for our nation. I couldn’t be prouder of our teams for bringing all of their energy, passion, and innovative spirit to supporting the country’s COVID-19 response.”

“We’re excited to forge this new relationship with Apple, whose teams are already making a huge difference with our efforts to scale up the production of our sample collection and transport kits,” said Norman Sharples, CEO of COPAN Diagnostics. “Collection and transport kits are a critical component in the fight against COVID-19. At COPAN, we’re excited and grateful for this partnership with Apple as our strong beliefs of innovation, quality, and excellence in manufacturing and design are perfectly aligned. Apple’s operational expertise will help us increase the delivery of important pre-analytical tools for medical professionals across the country at this critical time.”