Reach Systems Expands Operations After Strong Growth in Bookings
NameSilo Technologies' subsidiary Reach Systems has experienced a significant increase in year-to-date bookings, rising by approximately 108% to $2.2 million compared to the same period last year. To support its growing order book and future production needs, Reach is expanding its operating space from 3,559 square feet to over 8,000 square feet starting October 1. The company has also grown its workforce by approximately 41%, increasing from 17 employees at the time of acquisition in February 2026 to 24 currently. Reach is seeing increased demand for products related to hydrophone-array systems used in underwater acoustic sensing and monitoring applications, including a recent shipment valued at $105,000. The expansion reflects confidence in future growth prospects as the company anticipates additional orders from customers in Europe and the United States. The successful deployment of Reach's equipment at REPMUS has provided real-world validation for its products.
Tickers: $URLOF
Topics: bookings growth business expansion workforce increase