The Good News is Industrial Revolution Ltd is back to pre-2008 sales levels and continuing to grow with long term written commitments from customers. Our year end was June 30 and for the 2011-12 fiscal year our sales were over $1.1 million and at the current monthly rate of sales and booked orders we are projecting at least $1.5 million this fiscal year. We currently employ 12 people and looking to hire more. One of our largest customers is growing very fast and expects their sales to increase 3 fold from current levels in the next 24 months in the section of the plant we supply product to. They have invested heavily in new equipment and production lines. Industrial Revolution supplies the clamping systems required for the product made on these new lines (along with engineering and design services for the product). This increase alone from this one customer over the next 24 months is expected to add another $0.75 million to our sales which is not accounted for in the more conservative sales number forecasted above. Our other major customer is also expecting to be steady for at least the next 5 years with possibilities for some huge contracts in the rail transportation industry.
The Bad News is the years 2008, 2009 and 2010 took a heavy toll on Industrial Revolution Ltd. We went through a restructuring, submitted a proposal that was accepted 100% by the creditors. Our trustee looking after the proposal said this was one of the most un-orthodox proposals he has worked on because we are paying 100% on the dollar over a period of time. Apparently this is not done very often.
The Investment Opportunity noted in the post title is we are looking for an investor or group of investors to refinance with through a second mortgage or to have someone assume all the outstanding. We are willing to pay a good interest rate and we have a fair amount of equity to borrow against. There are a lot of ways we can structure this to insure / guarantee the mortgage / loan including part ownership if that is of any interest to anyone. Our debt level has decreased substantially from the 2008 level to our current 2012 debt level. Our sales are back to pre-2008 levels and our order book is higher than it has ever been and we have committed long term sales.
Please contact Ted Cowan, P.Eng, President if there is any interest. Our contact info is available from the Industrial Revolution Ltd. Web site. Please check the blog for more info, as I want to document the trials and tribulations that has gotten Industrial Revolution to the point it is today and why this has made us such a strong reliable supplier to our customers which in turn make us a good investment.
Tuesday, July 24, 2012
Wednesday, September 14, 2011
The surprising truth about what motivates us
The below attached RAS Animate was forwarded to us from a business consultant we use periodicaly to get us out of trouble and get us focused again. I believe and agree with the findings of the lecture. The video talks about what motivates and list 3 factors that lead to better performace & personal satisfaction....
The Surprising Truth about what motivates, from Dan Pink;s talk a the RSA
September 18, 2011 UPDATE TO ORIGNIAL POST
I sent the video to the employees of Industrial Revolution Ltd and the feedback was interesting. Everyone agreed with Autonomy, Mastery, and Purpose. They noted they have more of this in a small company like Ind Rev compared to large company like Toyota. Most if not all the guys have worked for companies where you have no autonomy, no purpose, and no incentive for Mastery. They are companies run with an iron fist, dictatorship leadership.
Some of the guys noted the presenter talks fast and draws even faster. For the older guys I don't think they understand the amount of time and editing it would have taken to make that video. However it is very well done.
- Autonomy, the desire to be self directed
- Mastery, the urge to get better at stuff
- Purpose, Transcendent place to come to work
The Surprising Truth about what motivates, from Dan Pink;s talk a the RSA
September 18, 2011 UPDATE TO ORIGNIAL POST
I sent the video to the employees of Industrial Revolution Ltd and the feedback was interesting. Everyone agreed with Autonomy, Mastery, and Purpose. They noted they have more of this in a small company like Ind Rev compared to large company like Toyota. Most if not all the guys have worked for companies where you have no autonomy, no purpose, and no incentive for Mastery. They are companies run with an iron fist, dictatorship leadership.
Some of the guys noted the presenter talks fast and draws even faster. For the older guys I don't think they understand the amount of time and editing it would have taken to make that video. However it is very well done.
Friday, August 26, 2011
Bring Art and Science Back Together
In the UK, Guardian paper, there is an article “Eric Schmidt, chairman of Google, condemns British education system”. Schmidt criticizes division between science and arts and says UK 'should look back to glory days of Victorian era.
When it comes to poetry and the literary arts I am not very well versed. However growing up my family was very artistic. My one uncle taught me the piano for a while, another uncle taught me how to carve and dream and to appreciate the CBC, an aunt that attempted to teach me how to write properly and make it look good (which I failed at miserably), an aunt that taught me how to figure skate till I was in grade 8 and my father a farmer and a canoe builder which requires a huge amount wood working talent and artistic ability. When I went to school, my course load was always math and science, very little of the arts except mandatory subjects. I did however have an artistic home life.
When I think about it, the majority of engineers I know that are very good do have a creative / artistic side to them. Some of the smartest number crunching engineers I have ever met have been from the former east block Europe countries. They could crunch numbers and analyze things, however I found once they figured out something was not strong enough or had a problem, they could not figure out how to redesign and solve the problem. I believe their education system pushed them very hard academically to be great math and science brains; however the art / design side was missing. So I think maybe the artical is partially correct, but I would say there are good engineers that cannot design and there are good artistic people that can design but cannot engineer. I propose that someone with both engineering and an artistic side is what I would call an inventor. You do not hear about people being called inventors anymore. I consider myself an inventor, it is the best way to describe what we do at Industrial Revolution to win orders. We invent ways to manufacture product for our customers.
Some of the passages of interest from the article are pasted below:
“You need to bring art and science back together."
"It was a time when the same people wrote poetry and built bridges," he said. "Lewis Carroll didn't just write one of the classic fairytales of all time. He was also a mathematics tutor at Oxford. James Clerk Maxwell was described by Einstein as among the best physicists since Newton – but was also a published poet."
Schmidt's comments echoed sentiments expressed by Steve Jobs, the chief executive of Apple, who revealed he was stepping down this week. "The Macintosh turned out so well because the people working on it were musicians, artists, poets and historians – who also happened to be excellent computer scientists," Jobs once told the New York Times.
Wednesday, July 13, 2011
Adding George Monbiot to Links
I originally referenced George Monbiot's web page because of his views and insights on nuclear and fossil fuels after the devastating earthquake and tsunami in Japan. A few posts below this is where you will find it.
Since I posted the info I have been following his site and below are two more subjects he has written about that I have found very amusing. I find his debates and articles refreshing, he takes a stand on subjects. He is passionate about his subjects, but logical and reasonable.
A Bounty for Blair's Arrest, be sure to following the link in his posting to the web site he started.
The Nuclear Power Debate, you can link to the actual debate, this is not really a good debate as the green piece fellow and other consultant debating against the motion never really talked about the motion but about their own agenda, however it was still very insightful. Interesting how the subject of Bombardier losing a huge train order to Siemens came up. It is also interesting that in England they offer the same strange subsides to solar power as we do here in Ontario, which is ludicrous.
Since I posted the info I have been following his site and below are two more subjects he has written about that I have found very amusing. I find his debates and articles refreshing, he takes a stand on subjects. He is passionate about his subjects, but logical and reasonable.
A Bounty for Blair's Arrest, be sure to following the link in his posting to the web site he started.
The Nuclear Power Debate, you can link to the actual debate, this is not really a good debate as the green piece fellow and other consultant debating against the motion never really talked about the motion but about their own agenda, however it was still very insightful. Interesting how the subject of Bombardier losing a huge train order to Siemens came up. It is also interesting that in England they offer the same strange subsides to solar power as we do here in Ontario, which is ludicrous.
Action for Happiness
A few months ago I had a post about the "The Movement For Happiness". I just want to make a note that the name has changed to "Action for Happiness". I have updated the link to the site also.
As per the post for the movement for happiness I still believe very much that Ayn Rand's philosophy does not conflict in any way with this movement for happiness. Even though she has conservative views about the economy everything I have read revolves around the pursuit of happiness.
As per the post for the movement for happiness I still believe very much that Ayn Rand's philosophy does not conflict in any way with this movement for happiness. Even though she has conservative views about the economy everything I have read revolves around the pursuit of happiness.
Plasma Cutting Bolt Holes
Back in August 2010 we obtained a contract to make transfromer core clamps for a company near us. It originally started out to be 5 clamp sets per day which consists of 4 angles of various sizes averaging 16" in length with an average of 6 holes / slots and tapped holes put into them. It was to double in size over a few months. In the 2 months it went to an average of 30 clamp systems or 120 parts, 7 days a week from 5 days a week. We where using the CNC plasma to cut all the slots and holes and used the mill for the tapped holes.
In the two months we produced over 7000 angle parts, which corelates to 42,000 holes . The accuracy of the plasma is dependant on how long you alow the tips to run before changing. For cutting holes in wall thickness from 1/8" to 1/2" thick and hole diamters from 1/4" to 1" we can hold +- 0.035" diameter easily and location +-0.008 with ease. We did however have to give up the order as the customer required a tolerance that was tighter than this for the hole diameter.
We believe the project has been a success even though we did loose the order. It has given us a very strong base line for future quotes and has opened up the range of possiblities for new customers. If you happen to a product line that requires parts to be bolted together and the tolerances given above are acceptable which we believe they are for most structural work, then plasma cutting is without doubt the most cost effective way to do it.
We set up custom jigs to load and unload the CNC plasma table with angle, channel, beams etc from which we procede to cut the holes and parts required.
In the two months we produced over 7000 angle parts, which corelates to 42,000 holes . The accuracy of the plasma is dependant on how long you alow the tips to run before changing. For cutting holes in wall thickness from 1/8" to 1/2" thick and hole diamters from 1/4" to 1" we can hold +- 0.035" diameter easily and location +-0.008 with ease. We did however have to give up the order as the customer required a tolerance that was tighter than this for the hole diameter.
We believe the project has been a success even though we did loose the order. It has given us a very strong base line for future quotes and has opened up the range of possiblities for new customers. If you happen to a product line that requires parts to be bolted together and the tolerances given above are acceptable which we believe they are for most structural work, then plasma cutting is without doubt the most cost effective way to do it.
We set up custom jigs to load and unload the CNC plasma table with angle, channel, beams etc from which we procede to cut the holes and parts required.
Saturday, March 26, 2011
Going Critical, Nuclear Power / Coal
Going Critical ---follow this link, it is good!
The above link "Going Critical" will take you to George Monbiot's web site. I recommend you read it. He has recently been on CBC radio and I liked his argument for Nuclear Power and agree with it also. He notes that more radiation is given off from coal production which is true and also notes that even an old bad designed nuclear site in Japan gets hit with one of the world’s largest earthquakes and one of the world’s largest Tsunami ever, yes there are issue, however compared to fossil fuels it is not anywhere close to being as deadly.
I have recently been doing work for coal mines and I have within the last year or so done some indirect work for the nuclear industry. For the coal mines we help with transfer chutes and other areas, for the nuclear industry we have done some structural and lifting device engineering related to the fuel cell production.
I also recommend you go back and read some of his other articals. Again agree with all I have seen so far. "Atomised" is also a good read.
The above link "Going Critical" will take you to George Monbiot's web site. I recommend you read it. He has recently been on CBC radio and I liked his argument for Nuclear Power and agree with it also. He notes that more radiation is given off from coal production which is true and also notes that even an old bad designed nuclear site in Japan gets hit with one of the world’s largest earthquakes and one of the world’s largest Tsunami ever, yes there are issue, however compared to fossil fuels it is not anywhere close to being as deadly.
I have recently been doing work for coal mines and I have within the last year or so done some indirect work for the nuclear industry. For the coal mines we help with transfer chutes and other areas, for the nuclear industry we have done some structural and lifting device engineering related to the fuel cell production.
I also recommend you go back and read some of his other articals. Again agree with all I have seen so far. "Atomised" is also a good read.
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