The Company is the dominant provider of steel beams in one of the most robust markets in the country. Clients consist of general contractors and other private and public sector entities. Projects are primarily new building construction for commercial use, education, government, military, casinos, hospitals, schools and shopping malls. Management estimates the value of structural steel work entering its market for bid in the next two years to be in excess of $300 million.
The Company is a global innovator of high-end, at-home beauty devices. The Company sells its branded products primarily via wholesalers and retailers, and also has a direct-to-consumer line. IP includes two design patents and eight patents pending (utility and design). In just five years, the Company has developed a recognized portfolio of brand names distributed through a diverse network of more than 700 accounts. The Company has experienced tremendous growth internationally and is opening a sales office in Hong Kong to target lucrative markets in East Asia and the Middle East. The Company’s products are sold in luxury stores located in affluent markets worldwide.
The Company specializes in solving complex technical problems for the military, nuclear, industrial and commercial markets. Its best-in-class instrumentation systems are used to measure, detect and control volume, pressure, vibration, temperature flow and time on some of the world’s most precision vessels and machines. The Company is a vertically integrated manufacturer with on-site design, engineering, manufacturing, assembly and testing facilities. In 2018, the Company had 325 active customers. On average, the Company has been doing business with its top 10 customers for 20+ years. Management believes there is substantial opportunity for new applications of existing products in the industrial segment. The company has recently entered into the drilling and fracking industry in addition to new contract discussions with the military. Management expects substantial revenue growth in 2020F.
The Company is one of the largest stone fabricators in its region and among the top 10 custom stone fabricators in the country. The Company operates a state-of-the-art stone production facility, a custom cabinetry production facility and several showrooms. There is an annual customer base of about 300 commercial and residential builders. In 2019 the Company has or expects to enter into several new contracts with major home developers that will provide additional revenue sources expected to exceed $3 million.
The Company produces precision components for a variety of end-products including medical equipment and diagnostic devices, filtration and fire suppression systems for aerospace, firearm components, fiber optic tools, and many others. The Company is well-positioned to grow its medical device business even further.
The Company serves regional and global manufacturers across the U.S. with capabilities ranging from prototyping to production, CNC milling, CNC turning, CNC swiss turning, fabrication and assembly. Management has focused on building a first-class business structure to facilitate growth and manufacture superior-quality products. Over the life of the Company, management has continually invested in new machinery and equipment upgrades to meet growing demand, in addition to developing new services and adding capabilities.
The Company is a leading niche manufacturer of over 1,000 branded and private-label SKUs such as plastic desk organizers, clipboards, clipboard boxes, staplers, hole punches and paper clips used in offices, schools and homes worldwide with new products being rolled out each year. The Company holds over 100 patents and trademarks. Customers include stationery stores, mass market retailers, office supply wholesalers, online companies and independent dealers.
In 2018, the Company had approximately 130-150 customers. Customers include national and international retailers such as Staples, Office Depot, Walmart and Amazon.com. Stringent quality control, ongoing product design and development, and efficient operations allow the Company to offer outstanding products at highly competitive prices.
Offering the most advanced access control systems and technology-enabled, self-service kiosks, the Company serves clients in public and private sectors. The Company’s diversified portfolio of high-tech products enable clients to offer high-level security and enhanced convenience to their customers. The Company also provides on-site or remote integration with existing systems, configuration, installation, monitoring, repair and maintenance on all of its products. The Company has 170-190 active accounts at any given time. Resellers account for 45% of sales, while banking and financial services accounts for 43%. Export markets include Spain, England, China, Saudi Arabia, Qatar, Lebanon, Colombia and Mexico.
For 2019, two new products are ramping up for production with a planned launch in the first quarter. Additionally, several other products are in the design and prototype stages.