Apple

Apple Grants COPAN Diagnostics $10M To Produce More Coronavirus Testing Kits

diagnostic production

Apple is tapping its Advanced Manufacturing Fund to extend a $10 million grant to COPAN Diagnostics so it can step up the production of its coronavirus testing kits.

The money will help COPAN Diagnostics quickly increase supplies of its COVID-19 sample collection kits from several thousand to over 1 million each week by the beginning of July. The goal is to ensure that all hospitals nationwide can diagnose and monitor people suffering from COVID-19.

“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,” Jeff Williams, chief operating officer for Apple, said in a statement on Thursday (May 7). 

He added that COPAN Diagnostics is among the “most innovative manufacturers of sample collection kits for COVID-19 testing.” 

In addition to the funding, the Silicon Valley tech giant will help COPAN Diagnostics move to a bigger facility in Southern California. In addition, Apple will help the manufacturer design innovative equipment. It is anticipated that the expansion will generate over 50 new jobs.

Norman Sharples, chief executive officer of COPAN Diagnostics, said the partnership with Apple is already helping it step up efforts to increase the production of sample collection and transport kits, which are critical to fighting the coronavirus.

He added that partnership with Apple aligns with COPAN’s “strong beliefs of innovation, quality, and excellence in manufacturing and design.”

Apple said it is planning to source equipment and materials for COPAN from U.S. firms, such as K2 Kinetics in York, Pennsylvania, and MWES in Waukesha, Wisconsin.

Apple’s Advanced Manufacturing Fund was launched in 2017 with $1 billion and has since grown to $5 billion. The goal of the fund is to help American companies that are fostering innovation and growth in the U.S. manufacturing sector. 

Apple is also among numerous U.S. companies that helped obtain face masks and distribute them to the hospitals needing them most. 

——————————

PYMNTS TV LIVE OCTOBER SERIES: B2B PAYMENTS 2021 – WHAT WILL YOU CHANGE? 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border. Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

TRENDING RIGHT NOW