Investment, Technology and Growth
Throughout Q1 and Q2 of 2010 PSU Designs has seen a continuation of sustained growth built around the ongoing release of many new technically advanced products into many different marketplaces. The growth has been supported by major investment in the manufacturing and testing facilities.
With the release of over 20 projects from design, both to UK and offshore manufacturing facilities, growth has reached a staggering 70% upturn over a 2-year period, with forecasts projecting a full 100% increase in turnover by the end of Q3, the end of the company's financial year.
PSU Designs chose the well-attended IFSEC exhibition at the NEC to promote several of its new fire and security products. The company's products and capabilities were extremely well received with multiple new business opportunities presenting themselves both in the UK and overseas.
Appointment of Senior Accounts Manager
In line with the continued growth of its business, PSU Designs is pleased to welcome Alison Aitken-Jones to the UK factory as Senior Financial Manager for the business.
Investment in Manufacturing
To supplement the growth, substantial investment has been made to the UK manufacturing facility. During Q1 and Q2 a further 3 Surface Mount lines have been installed, bringing the total to 4 fully functional lines and 1 backup line.
The manufacturing process is also benefitting from high magnification vision systems to aid inspection processes and other automated machinery to aid the manufacturing process.
To aid soak testing and reliability proving, the production soak test chambers have been enhanced by the addition of 100% data logging capability. Production soak testing now also includes the option to carry out vibration testing where deemed necessary for the product and marketplace.
Investment in Design Capability
To aid in the process of producing new designs, in keeping with the company's philosophy of 'right first time', PSU Designs have trialed, approved and purchased the latest 3-Dimensional modeling software, Solid Works, provided by Solid Solutions.
New Product Releases
3 new products featuring microprocessor controls and various status indicators have been launched into the aircraft industry. The products will help to expand the existing European markets and provide growth into US markets.
2 new DC-DC LED driver products have been launched into the vehicle lighting market.
A power supply providing a low voltage AC output has been launched into the security market.
Production has now commenced for 2 new high volume products for one of the world's leading precision weighing companies.
PSU Designs is pleased to announce the launch of a new range of medium voltage industrial microprocessor controlled battery chargers, helping to provide reliable backup power for a wide range of industrial systems.
In addition to exhibiting at IFSEC 2010, PSU Designs is further cementing its strong position in the security marketplace with the development of upgraded dual voltage output power and charging units with higher power densities and additional features over previous models.
As part of an exciting new development, PSU Designs product helped to demonstrate revolutionary ultra high efficiency lighting for a confidential project in the US.
PSU Designs engineering lab is also finalising a multi-output, highly intelligent and highly sophisticated medical power supply for use in operating theatres across the world.
With such a wide range of commercially attractive business opportunities currently under development in the design laboratory it is easy to see where the continuation of the company's growth will come from.