Business Overview:
This company has developed unique testing technology that is being commercialized with customers in aviation and power generation industries. No other methods exist for inspection of materials and assuring superior manufactured products for pining, hole cold work, annealing, plating and detection of embrittlement. Key customers in past 2 years validated product (hardware/software), such as USAF, Army, Pratt & Whitney, Moog, NSF, Kawasaki Heavy Industries.
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Property Features and Assets:
The tangible (A/R, Equipment and Personal Property) and intangible (backlog, SBIR grants, Intellectual Property) total $3.4MM plus Real Property of $1MM. The strategic alliance with a University requires maintaining office/laboratory space near campus, and is available through a near-term lease.
Market Competition and Expansion:
NDT is a $11 Billion industry worldwide and is highly fragmented, stable but with minimal innovation. Because this company's methods have unique sensitivity on a smaller scale, they will at first be complementary to existing NDT methods. Barriers to entry are significant, including time, cost and technical challenges by this company. Provisional patents filed in 2009. The barriers to entry are significant, including the time, cost and technical challenges that have been solved to characterize the relevant physical processes, develop practical test methods and databases, and construct computational algorithms and software models for interpretation.
Reason for Selling:
Capital infusion required
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: