Para-Coat Technologies, Inc. Company Profile

Background

Overview

Para-Coat Technologies, Inc. (PCT) is a specialized manufacturer established in 2010, focusing on the application of conformal coatings such as Parylene, Acrylic, Polyurethane, Silicone, and Epoxy. These coatings are essential for protecting electronic components across various industries, including medical, electronics, automotive, military, and aerospace. The company is ISO 9001:2015, ISO 13485:2016, and ITAR certified, underscoring its commitment to quality and regulatory compliance.

Mission and Vision

PCT's mission is to provide consistent, high-quality conformal coating services at competitive prices, ensuring customer satisfaction and exceeding expectations. The company envisions expanding its national presence, offering local solutions to clients and contributing to the local economy by retaining jobs within the Johnstown, Pennsylvania area.

Industry Significance

Conformal coatings are vital for enhancing the reliability and longevity of electronic components by protecting them from environmental factors such as moisture, chemicals, and physical damage. PCT's expertise in this field positions it as a significant player in safeguarding critical electronic devices across multiple sectors.

Key Strategic Focus

Core Objectives

Quality Assurance: Maintain high standards in coating applications to ensure product reliability.

Customer Satisfaction: Provide tailored solutions that meet or exceed client expectations.

Expansion: Grow the company's footprint nationally while supporting local communities.

Areas of Specialization

Conformal Coatings: Specializing in Parylene coatings, PCT also offers Acrylic, Polyurethane, Silicone, and Epoxy coatings.

Equipment Sales and Consulting: Providing Parylene coating equipment and consulting services to clients.

Key Technologies Utilized

Parylene Coating Technology: Utilizing vapor deposition processes to apply ultra-thin, pinhole-free coatings.

ESD Precautions: Adhering to strict electrostatic discharge (ESD) controls to maintain coating integrity.

Primary Markets Targeted

Medical Devices: Protecting implantable devices and surgical tools.

Electronics: Safeguarding circuit boards and sensors.

Automotive: Coating automotive sensors and electronic components.

Military and Aerospace: Ensuring reliability of defense and aerospace electronics.

Financials and Funding

Funding History

Specific details regarding PCT's funding history, total funds raised, and recent funding rounds are not publicly disclosed. The company operates as a privately held entity, and such financial information is typically confidential.

Notable Investors

Information about individual or institutional investors in PCT is not publicly available.

Utilization of Capital

While specific utilization details are not disclosed, capital is likely allocated towards:

Facility Expansion: Upgrading to a 30,000-square-foot ESD-protected facility in Johnstown, Pennsylvania.

Technology Investment: Acquiring advanced coating equipment and enhancing coating technologies.

Research and Development: Developing new coating formulations and applications.

Pipeline Development

Key Pipeline Candidates

PCT focuses on developing and applying various conformal coatings, including:

Parylene Coatings: Offering Parylene N and Parylene C coatings with excellent dielectric properties and moisture resistance.

Acrylic Coatings: Providing popular conformal coatings known for their ease of application and versatility.

Polyurethane Coatings: Available in single or two-component formulations, suitable for various applications.

Silicone Coatings: Offering good chemical resistance and flexibility.

Epoxy Coatings: Known for their abrasive and chemical resistance.

Stages of Development

PCT is actively involved in the application and development of these coatings, focusing on enhancing their performance and expanding their applications across different industries.

Target Conditions

The coatings are designed to protect electronic components from:

Moisture: Preventing corrosion and short circuits.

Chemicals: Shielding against solvents and aggressive chemicals.

Physical Damage: Offering abrasion resistance and structural support.

Anticipated Milestones

PCT aims to achieve:

Product Certification: Obtaining necessary industry certifications for new coating products.

Market Expansion: Entering new industry sectors and geographic regions.

Technological Advancements: Implementing cutting-edge coating technologies to enhance product offerings.

Technological Platform and Innovation

Proprietary Technologies

Parylene Coating Process: Utilizing vapor deposition to apply ultra-thin, conformal coatings.

ESD Control Systems: Implementing strict electrostatic discharge precautions to ensure coating quality.

Significant Scientific Methods

Vapor Deposition Techniques: Ensuring uniform coating application on complex geometries.

Quality Control Protocols: Adhering to IPC-J-STD-001 standards for coating applications.

Leadership Team

Executive Profiles

Krista Rager: Co-Founder and CEO. Krista co-founded PCT in 2010, focusing on expanding the company's national presence and ensuring high-quality service delivery.

Mike Rager: Co-Founder and COO. Mike has been instrumental in the operational growth and strategic direction of PCT since its inception.

Dave Pribish: General Manager. Dave oversees daily operations, ensuring efficient service delivery and customer satisfaction.

Ben Haynes: Operations Manager. Ben manages production processes, focusing on quality control and operational efficiency.

Al Kapadia: Vice President of Sales. Al leads sales strategies, driving business development and client relationships.

Shane Sloan: Accountant. Shane supports financial operations, contributing to the company's fiscal health and growth.

Leadership Changes

Recent additions to the leadership team include Shane Sloan as Staff Accountant, reflecting PCT's commitment to strengthening its financial operations.

Competitor Profile

Market Insights and Dynamics

The global Parylene coating services market is competitive, with key players focusing on technological advancements and strategic partnerships. The market is characterized by both large multinational corporations and specialized service providers. Companies invest in research and development to enhance coating technologies and offer customized solutions.

Competitor Analysis

Specialty Coating Systems, Inc.: A leader in Parylene coating services, offering solutions for electronics, medical devices, automotive, and aerospace applications.

KISCO Ltd.: Known for advanced Parylene coating technologies, serving electronics, automotive, and healthcare industries.

Diamond-MT: Provides comprehensive coating solutions for electronics, medical devices, and aerospace applications.

Strategic Collaborations and Partnerships

PCT collaborates with various industry partners to enhance its service offerings and expand its market reach. Specific details about these collaborations are not publicly disclosed.

Operational Insights

PCT differentiates itself through its specialized focus on Parylene coatings, commitment to quality, and adherence to strict ESD controls, providing a competitive edge in the market.

Strategic Opportunities and Future Directions

PCT aims to: