Vol. I, Issue 3, Summer 1996
ate in 1995, NCIC was approached by Apex Technologies, Inc.,
a company located in Blue Ash, Ohio. Up until that time the company had been
researching
and developing innovative accessory products for the gas chromatography market.
Chromatography is used by many industries to analyze the chemical composition of products and waste streams. NCIC recently closed on a $350,000 loan to help finance the production of the ProSep 800TM and the ProSep 800 PlusTM gas chromatography devices.
Apex Technologies designs and manufactures both new performance enhancing and retrofit packages to existing chemical measurement equipment. They are an official Hewlett-Packard channel partner and will utilize LINC Quantum for both their domestic and international sales and distribution efforts.
The Apex products improve the speed of the Hewlett-Packard products and demonstrate chemical measurement sensitivity by up to 100 times current measurement levels.
Apex first introduced the ProSep 800TM early in 1996, at the Pittsburg Conference, the primary trade show in analytical chemistry. The response was overwhelmingly successful. NCIC President, Frank Winslow attended the conference and was impressed with the professionalism of the Apex Team and the amount of interest that the company and its products generated.
According to Winslow, "Apex Technologies is exactly the type of company NCIC looks for to fulfill its mission. Apex has strong leadership, is an expanding company with a fully developed high-tech product ready to enter the manufacturing cycle, is in a unique position within its niche, and in the case of Apex, has an affiliation with market leader Hewlett-Packard."
The company projects sales in excess of $1 million during their first year of production. Growth should continue at a steady pace thereafter. The company plans on achieving this growth through continued relationships with strategic partners and the development of additional products. Apex anticipates entering into the international market beginning in the second year of operation.