There is a lot of new over at TECAT Performance Systems. The Ann Arbor-based startup has some new staff, new markets for its principal product to explore, and a new name.
The 2-year-old firm, which spun out of TECAT Engineering
, changed its name to TECAT Performance Systems this summer. It also hired some new staff, including a new marketing person and CEO. The team of less than 10 people has been focused on growing the company’s revenue. It has added to its customer base and has tripled its revenue since 2012.
"This year we have already exceeded last year's revenue," says Don Keating, vice president of business development for TECAT Performance Systems
. "We have some exciting things in the pipeline for the rest of the year."
TECAT Performance Systems is commercializing wireless sensor technology that collect environmental, motion and mechanical information and stream it wirelessly to a central control unit. These sensors, designed to be used in confined spaces, monitor and record live torque data from any rotating shaft. The company is now exploring options on using the technology to measure other things in other industries, such as defense.
"The product itself has evolved so it can do multiple functions besides just measure torque," Keating says.
In the meantime, TECAT Performance Systems is continuing to refine its sensor technologies with an eye for mass producing them on a much larger scale. However, such a increase in productivity is still a year or two away.
"We're in the very early stages of those discussions," Keating says.
Source: Don Keating, vice president of business development for TECAT Performance Systems
Writer: Jon Zemke
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