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Dynamics purchases facility in Pittsburgh

Thursday, August 18, 2011

Payment card manufacturer Dynamics Inc. has purchased a state-of-the-art facility in the Pittsburgh area that will serve as its world headquarters.

The 115,000 square foot facility will contain approximately 100,000 square feet of conditioned clean room engineering and manufacturing space. Dynamics plans to configure part of the space to be able to offer card issuers personalization of its next-generation magnetic stripe cards under the Visa, MasterCard and American Express networks. The building will also contain Dynamics’ administrative and R&D departments.

Jeff Mullen, Dynamics’ CEO states in a press release that the new facility will help the company scale demand and produce tens of millions of cards per month.

To help purchase the facility, Dynamics worked with the Regional Industrial Development Corpoation of Southwestern Pennsylvania. [end] 

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