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December 16, 2017

Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014

UXBRIDGE, Mass., March 24, 2015 /PRNewswire/ — Lampin MITRPAK, a right angle gearbox and spiral bevel gear drive specialist, is proud to announce an 18 percent revenue growth in a year-over-year comparison from FY 2013 to FY 2014. MITRPAK’s growth is attributed to new OEM customers and new applications of the product line.

A major U.S. based engineering & fabrication company has developed a large application system which uses MITRPAK products to instantly set up and fold away stadium seating. This application is currently designed for enclosed sports arenas that support both Hockey and Basketball at the same venue and constantly move bleacher seats to accommodate both. The client has just completed installation of this system at  one of the most well-known professional sports arenas in the United States. They have plans to expand this throughout the United States.

“Lampin MITRPAK is committed to supplying quality gear drives that run smoothly and boast a long life,” said Lampin MITRPAK President, Bill DiBenedetto. “We were competing with a foreign supplier for the movable seating project, but we made a compelling case that MITRPAK was the best option for the application due to our superior quality and service.”

MITRPAK expects to see continued growth through 2015. The company’s recent investment in new equipment enables the company to increase capacity, broaden their capabilities, and reduce lead time. Major new potential clients for 2015 include an international manufacturer of electric vehicles, and one of the largest recreational boating manufacturers currently developing a line of pedal-powered kayaks.

“Lampin MITRPAK, in our own small way, wants to contribute in order for the United States to remain competitive in the global manufacturing arena,” said DiBenedetto. “This is why it’s critical that we maintain a consistent growth from year to year.”

About Lampin Corporation
Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-mitrpak-achieves-18-percent-revenue-growth-in-2014-300055096.html

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Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014