Ashland Technologies
Company Profile - Innovation/New Product Developement
Ashland
Technologies is a contract manufacturer of machined and fabricated
parts. It also manufactures and distributes its own branded
line of fuel filter systems for all diesel applications.
They employ about 20 people in Schuylkill county. The company’s
website is www.ash-tec.com.
Situation
Currently, the company makes 99.5 percent of its products
as a contract manufacturer. With international competition
devouring this market, it was apparent to Bill Wydra
Jr., company president, that a long-term strategy for
its future growth was needed. He requested the assistance
of MRC to help him determine where the company should
direct its future growth.
Solution
MRC and Bill agreed that the company needed to develop a proprietary line of
products for long-term growth. MRC was familiar with several opportunities
to develop in-house products for Ashland; however, as an affiliate of Lehigh
University, MRC evaluated that the best fit for Ashland’s needs was the
Lehigh Integrated Product Development program. The IPD program encompasses
students, faculty and course expertise from the colleges of Arts & Sciences,
Business & Economics,
Engineering & Applied Science and Education. The multi-disciplinary project
team approach to technical entrepreneurship fosters an environment that encourages
innovation, creativity and entrepreneurial spirit within the realities of design,
business and engineering functions. Bill presented two product ideas to the
IPD Team that needed to be researched, designed, and engineered for workability.
Four-seat Gyroscope Ride – to design and build a prototype
for sales to amusement ride companies nationwide. Since,
Ashland already produces parts
and
rides for the amusement park industry. This idea was a natural fit to Ashland’s
new proprietary product development.
French Fry Vending Machine – to
design and build a state-of-the-art vending machine even encompassing wireless
technology to signal when the machine needs
refilling. Currently, Ashland supplies a part for vending machines like this,
but no company has a dominant market share. In approximately two years with
the help of MRC, Bill hopes to produce this vending machine and place it next
to
every soda machine nationwide. Results
Partnering with MRC and the IPD Program helped Ashland
garner: access to Lehigh's intellectual power; research
to solve problems and seize opportunities; creativity
of students for unique design; prototype that is well
engineered and workable. The sales forecast for the four-seat
gyroscope is projected to be $3 million for the first
year. The unit will be ready for production in November,
2005.
Testimonial
"What surprised me the most, and that I was not
expecting, was the level of creativity, pure scientific knowledge
and
skill that MRC helped make happen. I would have never known
about the IPD Program without them, and even if I did,
I
might not have the fortitude to try them."
Bill Wydra Jr., President
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