"A ventilator supports a patient who is no longer able to maintain their own airways, but sadly there is currently a significant shortage, both in the UK and other countries around the world," Dyson wrote.
Dyson said the company had designed and built an entirely new ventilator, called the "CoVent," since he received a call 10 days ago from UK Prime Minister Boris Johnson.
"This new device can be manufactured quickly, efficiently and at volume," Dyson added, saying that the new ventilator has been designed to "address the specific needs" of coronavirus patients.
"The core challenge was how to design and deliver a new, sophisticated medical product in volume and in an extremely short space of time," he added. "The race is now on to get it into production."
Healthcare workers in many parts of the world are having trouble enough critical supplies, such as masks, gloves and ventilators, to deal with the influx of patients suffering from the highly contagious virus.
A second UK firm, Gtech, is also working to produce ventilators and has submitted two examples to the government for assessment. The company specializes in cordless vacuum cleaners and garden power tools.
Alok Sharma, the UK business minister, said Friday that ventilators made by Dyson and other suppliers will need to meet regulatory requirements before being used by the National Health Service.
Pressed on how quickly that can happen during an interview with BBC Radio 4, Sharma said the government wanted to see "prototypes coming forward in a matter of weeks before we move into large scale production."
"The critical point is to make sure that any machines that come forward actually meet the requirements and are safe," he added.
In the United States, Ford (F) has announced that it's working with 3M and GE Healthcare to produce medical equipment including ventilators and protective gear. GM (GM) and Tesla (TSLA) have also pledged to make ventilators.