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FOR IMMEDIATE RELEASE:
Press Release
Patria Lawton
Minnesota Wire & Cable Co.
St. Paul, Minnesota
Phone: 651-642-1800
Minnesota Wire & Cable Co. to be Honored as Tibbetts Award Winner
St. Paul, MN, 09/13/07 – Minnesota Wire & Cable Co. (MWCC) has been selected as one of the winners of the 2007 Tibbetts Awards. MWCC will receive the award on Oct. 10 in Washington, D.C.
Named for Roland Tibbetts—the person acknowledged as the father of the Small Business Innovation Research (SBIR) program—these prestigious, national awards are made annually to those small firms, projects, organizations and individuals judged to exemplify the very best in SBIR achievement. MWCC is one of 55 companies in the U.S. to receive this award and was selected from a pool of over 4,000 companies that receive contract and grants under the SBIR Program each year.
In 2002, MWCC began systematically bidding on SBIR and BAA solicitations in order to address this need. The success achieved since then (a 47% capture rate compared to the 10% national average) has led to substantial revenue increases, employment gains, technology infrastructure, intellectual property submissions, human and intellectual capital, and leveraged, related business, including:
- 40% growth in revenue in the past 4 years
- 22% increase in employees at all levels of the company, particularly high-end engineers and managers
- Over $4.5 million in direct and indirect R&D and development project revenue
The complete list of winners can be found at tibbettsawards.org. For more information contact Chip Laingen, MWCC’s Communications Director, at 651.659.6767 or
claingen@mnwire.com.
BACK...
Minnesota Wire & Cable Co. (MWCC) is a vertically integrated, custom manufacturing and development house for wire, cable and interconnect assemblies to the Medical, Defense, Instrumentation and Telecommunications industries. MWCC is a market and R&D leader in mitigating tribo-electric effects, radio translucent wire, and innovative connections for wearable electronics, patient monitoring systems, leading-edge medical devices and extruded wire products. Minnesota Defense, the R&D and defense sales division executes high technology R&D, including projects such as Smart Connector for in-situ wire diagnostics and Komodo stretchy wire for body-borne vests and other applications. MWCC has a surgical products subsidiary, Minnesota Bramstedt Surgical, and a joint venture with Primordial, an in-house software development firm.
The 30,000 square foot headquarters in St. Paul, Minnesota boasts a full R&D and test and measurement center (including and Electromagnetic Capabilities (EMC chamber for electronic compliance testing). Another high-volume, 30,000 square foot focused-cell production facility is located in Eau Claire, Wisconsin. MWCC is ISO 9001: 2000 certified, ISO 13485: 2003 compliant, ROHS compliant, and is a MIL-STD and IPC-620 certified harness manufacturer.
Additional information on MWCC, its products and capabilities is available at www.mnwire.com or 1-800-258-6922. |