SAN DIEGO--(BUSINESS WIRE)--XYO (Kucoin: $XYO), the geospatial cryptonetwork, today announced the opening of a new dedicated global shipping and fulfillment center dubbed “The Factory,” in Otay Mesa, near the parent company’s global HQ in downtown San Diego. The new location is nearly 7,000 square feet and houses a fast-growing flexible team of more than a dozen dedicated employees. Expansion to The Factory is the latest in the company’s strong growth and permanent, physical presence in multiple locations over the past year, and closely follows the 2018 opening of Carlsbad-based XY Labs.
From its beginnings in 2012, XY - The Persistent Company has grown from 17 full-time employees in early 2018 to the current 91. While the majority of employees are based at the San Diego headquarters, there is a Northern California-based team in Sacramento, the innovation-focused team located in Carlsbad, and now the Shipping and Fulfillment center in Otay Mesa. The rapid employee growth across departments aligns with the company’s balanced visionary and customer-centric approach and roadmap.
With the company’s aggressive growth driving the opening of the new location, and the now-dedicated space to work from, the Fulfillment team feels the change has led to better efficiency and organization. The Factory, a 6,820 square foot warehouse, allows the team to ship up to--and at times more than--2,000 Bridges, Sentinels and Geomining Kit orders to customers around the world daily.
“We’ve grown so quickly and have so much daily throughput that it simply made sense to expand to a dedicated location where we could organize the space and processes to meet the strong demand for XYO products,” said Matthew Amick, XYO Procurement and Logistics Manager. “We’ve got a team of twelve working full-time to meet our global shipping needs, and the team’s passion and drive for what they do will take us to the next level, so we can better serve our customers in more than 60 countries.”
Since 2012, we've developed trusted IoT technology that connects the digital world with the physical one. In 2018, we unveiled the XYO Network, the world’s first geospatial blockchain network backed by cryptography. With more than 1 million location-verifying beacons around the planet, our technology rivals the GPS network, and radically transforms the world’s leading industries. Partners include mapping giant Esri, FedEx Research Institute, Re/Max Mexico and Spaceflight Industries. XYO Advisors come from leading organizations including National Geographic and the World Economic Forum. For more information, visit us at www.xy.company and https://xyo.network.