Ispire Technology Inc. Receives Two ISO Certifications for Malaysia Manufacturing Facility

In a recent press release (1), Ispire Technology Inc. (Ispire) and their subsidiary company, Ispire Malaysia Sdn Bhd, were granted three International Organization for Standardization (ISO) certifications for their manufacturing facility in Malaysia. The ISO certifications they received were the ISO9001: 2015 Quality Management System, ISO14001: 2015 Environmental Management System, and ISO13485: 2016 Quality Management System Medical Device certifications (1). Ispire’s Malaysian manufacturing facility is 31,000 sq ft. The vaping technology company is a leader in developing vaporized products and offers consumers a variety of items such as pod systems, disposables, cartridges, and batteries (1).

“Earning three ISO certifications at our Malaysian manufacturing facility is a testament to our team's ability to quickly bring the facility up to some of the highest standards in the industry, allowing us to expand our gross margins, geopolitically derisk our production and service other businesses who need manufacturing for their vape hardware,” Michael Wang, Ispire Technology Co-Chief Executive Officer, commented (1). “Currently, our Malaysian manufacturing facility has already received initial orders and is quickly moving into production readiness. As the facility ramps up production, our gross margin is expected to increase due to the lack of a tariff when assembling products in Malaysia and then shipping them to the U.S. This is in contrast to the 25% tariff incurred when shipping finished products from China. Additionally, by owning the factory, we also expect to be able to realize a profit on product assembly, which was formerly outsourced to a third party. We anticipate that these efficiency improvements will help drive gross-margin growth across the Company's full array of high-quality vaping products.”

As stated in their press release (1), ISO certifications are important for the manufacturing industry. These certifications will help Ispire’s facilities to “improve their processes, reduce errors and enhance product quality, leading to higher customer satisfaction,” (1). Ispire’s Malaysian facility will now be able to develop their resource utilization, better their operations, and lower waste.

Lastly, Wang added (1), Wang concluded, “We want to leverage third-party factories as well as our own manufacturing to ensure we have an uninterrupted global supply chain. Having our own factory infrastructure in Malaysia is expected to allow us to maximize gross margin on key high-volume products. By consistently delivering high-quality vaping products and services aligned with ISO standards, we expect that this will also increase customer satisfaction and loyalty, leading to repeat business and positive word-of-mouth recommendations.”

Reference

1. Ispire Technology Inc. Ispire Technology Inc. Earns ISO Certifications for its Malaysia Manufacturing Facility https://www.prnewswire.com/news-releases/ispire-technology-inc-earns-iso-certifications-for-its-malaysia-manufacturing-facility-302025626.html (accessed Jan 11, 2024).