Business Description
The Company was incorporated in the State of New York on July 22, 1955 and
is engaged in the design, development, manufacture and marketing of shock absorption,
rate control, and energy storage devices for use in various types of machinery,
equipment and structures. In addition to manufacturing and selling existing
product lines, the Company continues to develop new and advanced technology
products.
The Company manufactures and sells a single group of very similar products
that have many different applications for customers. These similar products
are included in one of six categories; namely, Seismic Dampers, Fluidicshoks®,
Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs,
and Vibration Dampers. Management does not track or otherwise account for sales
broken down by these categories. The following is a summary of the capabilities
and applications for these products.
Seismic Dampers are designed to ameliorate the effects of earthquake tremors
on structures, and represent a substantial part of the business of the Company.
Fluidicshoks® are small, extremely compact shock absorbers with up to 19,200
inch-pound capacities, produced in 15 standard sizes for primary use in the
defense, aerospace and commercial industry. Crane and industrial buffers are
larger versions of the Fluidicshoks® with up to 60,000,000 inch-pound capacities,
produced in more than 60 standard sizes for industrial application on cranes,
ships, container ships, railroad cars, truck docks, ladle and ingot cars, ore
trolleys and car stops. Self-adjusting shock absorbers, which include versions
of Fluidicshoks® and crane and industrial buffers, automatically adjust
to different impact conditions, and are designed for high cycle application
primarily in heavy industry. Liquid die springs are used as component parts
of machinery and equipment used in the manufacture of tools and dies. Vibration
dampers are used primarily by the aerospace and defense industries to control
the response of electronics and optical systems subjected to air, ship, or spacecraft
vibration.