Manufacturer of Advanced Lighting Technologies

Description:
The Company develops, manufactures, and implements remote source illumination and distributed sensing systems. Both the illumination systems and the distributed sensing systems can be integrated into facilities' wide control systems. The Company's illumination products are ideally suited for use in marine vessels, hazardous locations, inaccessible places, and applications with specific chromaticity, pattern, and intensity requirements. The Company has been at the forefront of leveraging light-emitting diodes (LEDs), laser diodes, as well as advanced fiber optic technologies to illuminate and monitor challenging environments since its founding.

Key Aspects:
• Average gross profit margins of 57% from 2021-2023
• An average of $1,105,793 in annual revenue was derived from spare parts and repair service from 2021-2023
• Recipient of multiple R&D contracts from the U.S. Navy and other U.S. government entities
• Long-term working affiliation with U.S. Navy R&D Centers of Excellence, large Department of Defense OEMs, and Navy engineering entities
• The Company’s design and manufacturing services are ISO 9001:2015 certified
• The Company has an active cybersecurity maturity model certification (CMMC) compliance program

Opportunities:
• Sole source provider for replacement parts on classes of U.S. and North Atlantic Treaty Organization (NATO) ships with the Company's technology
• Designed into military ships’ specifications, guaranteeing future projects on ships in those classes
• Strong network of scientists and technology subject matter experts
• Active member of the advisory group creating specifications for the naval assets serviced by the Company
• Develop a line of products for the commercial sector based on lessons learned from military and industrial applications
• Capitalize on the Company's existing research and development contracts with national governments

Headquartered:
• Northeast, US

Current Markets:
• The Company’s products are designed for use on naval warships and challenging commercial and industrial applications worldwide

Real Estate:
• The Company operates from a 7,400 sq. ft. facility leased from an unrelated third party
• The facility houses all manufacturing, research and development labs, and office spaces

Shareholder Ownership:
• The Company is primarily controlled by a holding company owned by the senior manager
• Minority ownership is held by two active partners and four non-active partners with small percentages of ownership
• The majority shareholder and two active minority shareholders are willing to remain with the Company, while all remaining partners seek to transition out of the business to pursue other ventures