MPS Industries, Inc. Company Profile

Background

MPS Industries, Inc., headquartered in Gardena, California, is a leading manufacturer of electronic components, specializing in custom transformers, inductors, common mode chokes, current sensors, and power supplies. The company serves a diverse range of industries, including automotive, industrial, medical, military and aerospace, telecommunications, and consumer electronics. With a commitment to quality and innovation, MPS Industries offers a broad product line, custom design capabilities, and both local U.S.-based design and manufacturing support, as well as overseas production and shipping.

Key Strategic Focus

MPS Industries focuses on delivering high-quality magnetic components tailored to the specific needs of various industries. The company's core objectives include providing custom design solutions, maintaining stringent quality standards, and offering competitive pricing through efficient manufacturing processes. Key technologies utilized encompass advanced materials such as distributed gap powdered metals, ferrites, amorphous metals, and silicon & nickel iron materials, enabling the development of energy-efficient inductive components. Primary markets targeted include automotive, renewable energy, industrial, military and aerospace, medical, consumer electronics, and telecommunications sectors.

Financials and Funding

MPS Industries has demonstrated steady growth, with reported revenues of approximately $6.4 million and a workforce of around 20 employees. The company has raised a total of $150,000 in funding over one round.

Pipeline Development

MPS Industries continually develops and introduces new products to meet evolving industry demands. Recent developments include the introduction of high current inductors and inductor modules designed for high power and high current power supplies, industrial controls, and instrumentation applications. These products are particularly suited for applications where high temperatures can affect performance, offering improved thermal management and reliability.

Technological Platform and Innovation

MPS Industries distinguishes itself through its proprietary technologies and innovative approaches in magnetic component design and manufacturing. Notable technological platforms include:

• Proprietary Technologies: The company employs advanced materials such as distributed gap powdered metals, ferrites, amorphous metals, and silicon & nickel iron materials to design energy-efficient inductive components.

• Significant Scientific Methods: Utilization of flat wire coil construction in high current inductors enhances thermal management and heat dissipation, allowing for high current handling capacity in a compact size.

Leadership Team

MPS Industries is led by a team of experienced professionals dedicated to advancing the company's mission. Key executives include:

• Jonathan Wang: Serving as the General Manager, Jonathan oversees the company's operations and strategic initiatives.

• Aniket Jaitapkar: As the Head of Sales and Marketing, Aniket leads the company's sales strategies and marketing efforts.

• Prakash Jaitapkar: The Owner of MPS Industries, Prakash provides overall leadership and direction for the company.

Leadership Changes

In 2011, MPS Industries expanded its global presence by opening a new sales office in Nanjing City, China, with Shirley Nie appointed to head operations in the new office. Shirley brings a strong background in international sales, having previously worked with customers in the US, Japan, Germany, and several other countries.

Competitor Profile

Market Insights and Dynamics

The electronic components industry is characterized by rapid technological advancements and a growing demand across various sectors, including automotive, renewable energy, and telecommunications. The market is competitive, with companies striving to offer innovative solutions, maintain high-quality standards, and achieve cost efficiencies.

Competitor Analysis

MPS Industries operates in a competitive landscape alongside several key players:

• Mag-Tran: Specializes in the design and manufacture of transformers and inductors, serving various industries.

• Flux International: Offers a range of magnetic components, including transformers and inductors, with a focus on custom solutions.

• Premier Magnetics: Provides a variety of magnetic components, emphasizing quality and reliability in their product offerings.

• GCi Technologies: Engages in the manufacture of electronic components, including transformers and inductors, catering to diverse industry needs.

• Schott Corporation: Offers a range of electronic components and materials, with a focus on innovation and quality.

Strategic Collaborations and Partnerships

MPS Industries has established strategic collaborations to enhance its market position and innovation capacity. In 2011, the company expanded its global presence by opening a new sales office in Nanjing City, China, aiming to improve service quality for existing customers and extend its product line to new customers.

Operational Insights

MPS Industries differentiates itself through a combination of local support and overseas production. The company's headquarters in Gardena, California, houses the engineering group for fast, local support to U.S.-based clients, while overseas manufacturing in Asia allows for highly competitive prices and flexible shipping options.

Strategic Opportunities and Future Directions

Looking ahead, MPS Industries is poised to capitalize on the growing demand for electronic components across various industries. The company's strengths in