R&D NEW TECHNOLOGY
Manufacturing – CNC machining
Aerospace and Medical
Private -3 owners
Years in business
The PEN Group, LLC. began this engagement in 2012. The owners asked PEN to research a relatively new technology to determine its marketability, thus allowing the company to diversify into new markets and expand core capabilities.
PEN was able to secure a grant to fund the R&D efforts.
Phase 1 was the assessment of; the technology capabilities, OEM specifics, materials, and process stability and tolerances. A profile of part characteristics was researched and the sweet spot of material and part requirements was developed.
During Phase 2 a business plan was developed. Included in the development process was a series of interviews with research hospitals and aerospace companies. The goal of the interviews was to assess technology viability, quantification of sales for the new technology and determine a risk assessment for the investment.