OPEX Corporation Market Research Report

Background

Overview

Founded in 1973, OPEX Corporation is a privately held company specializing in automation solutions for warehouse, document, and mail processing. Headquartered in Moorestown, New Jersey, OPEX has expanded its global footprint with facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia. The company employs approximately 1,600 individuals worldwide.

Mission and Vision

OPEX is dedicated to engineering unique automated solutions that address complex business challenges. The company's mission is to improve workflow, reduce costs, and drive efficiencies in infrastructure through innovative, scalable technology solutions.

Industry Significance

With a portfolio of over 300 patents, OPEX has established itself as a leader in the automation industry. The company's solutions are utilized by nearly half of the Fortune 100 companies, underscoring its significant impact on the market.

Key Strategic Focus

Core Objectives

OPEX focuses on delivering next-generation automation solutions that enhance operational efficiency and adaptability for its clients. The company aims to provide customized, scalable systems that can evolve with changing business needs.

Areas of Specialization

Warehouse Automation: Developing modular and flexible systems for order fulfillment, reverse logistics, cross-docking, and parcel management.

Document and Mail Automation: Offering state-of-the-art solutions for document imaging, mail processing, and remittance processing across various industries.

Key Technologies Utilized

OPEX employs advanced technologies such as wireless robotic systems, high-speed scanners, and proprietary software platforms to deliver efficient and reliable automation solutions.

Primary Markets Targeted

The company's solutions cater to a diverse range of industries, including banking, finance, healthcare, government, retail, non-profits, utilities, telecommunications, service bureaus, educational institutions, and fulfillment operations.

Financials and Funding

Funding History

As a privately held company, OPEX Corporation has not publicly disclosed specific funding details.

Revenue

Estimates suggest that OPEX's annual revenue is approximately $646.9 million, with a revenue per employee of $494,200.

Pipeline Development

Key Products and Solutions

Perfect Pick®: An automated storage and retrieval system utilizing wireless robots to deliver inventory to operators.

Falcon® Series Scanners: High-speed document scanners designed to handle a variety of document types with minimal preparation.

Sure Sort®: An automated sorting system suitable for small-item sorting in fulfillment operations.

Product Development Timeline

2013: Launch of Perfect Pick®.

2014: Introduction of Falcon® Series Scanners.

2017: Release of Perfect Pick® HD and Sure Sort®.

2022: Launch of Infinity® AS/RS and Gemini® scanner with Right-Speed™ scanning technology.

Technological Platform and Innovation

Proprietary Technologies

iBOT™: Intelligent, wireless vehicles used in the Perfect Pick® system for efficient inventory management.

CertainScan™: A document imaging software platform that enhances document capture and scanning processes.

Significant Scientific Methods

OPEX integrates advanced imaging systems, machine learning algorithms, and robotics to optimize automation processes, ensuring high accuracy and efficiency in operations.

Leadership Team

David Stevens: President and CEO.

Alex Stevens: President of Warehouse Automation.

The Stevens family has led OPEX since 1975, fostering a culture of innovation and long-term sustainability.

Leadership Changes

As of January 2025, there have been no recent significant changes or appointments within OPEX's leadership team.

Competitor Profile

Market Insights and Dynamics

The automation industry is experiencing significant growth, driven by increasing demand for efficiency and scalability in operations. OPEX's focus on next-generation automation positions it competitively within this expanding market.

Competitor Analysis

Key competitors include companies specializing in warehouse and document automation solutions. OPEX differentiates itself through its proprietary technologies, family-owned business model, and commitment to innovation.

Strategic Collaborations and Partnerships

OPEX has engaged in partnerships with industry leaders to enhance its product offerings and expand its market reach. Notable collaborations include those with Hyland, Dematic, and Infrrd.

Operational Insights

Competitive Advantages

Proprietary Technology: Development of unique solutions like the iBOT™ and CertainScan™ platforms.

Family-Owned Culture: A long-standing commitment to innovation and customer-centric solutions.

Global Presence: Facilities and installations across multiple continents, providing localized expertise.

Strategic Opportunities and Future Directions

OPEX aims to continue its expansion into emerging markets and industries, leveraging its technological expertise to develop new automation solutions. The company's focus on sustainability, as demonstrated by its solar-powered manufacturing facilities, aligns with global trends towards environmentally responsible operations.