| RESULTS: |
Sam Makhlauf, inventor of Workmaster, said he believes this new tool
technology can revolutionize the tool industry and regain for the United
States the lead in the global tool market. "This technology can replace
a number of popular tools such as the ratchet wrench, some open-end and
closed-end wrenches, breaker bars, and some power tools. From a sales point
of view, this technical assistance has allowed us to present this technology
to large companies such as NASA and Boeing. Without the prototype, we could
not show that the technology works and could not have attracted the attention
to evaluate, test, and demonstrate the features of this new generation
of tool. This new technology, developed with assistance from ORCMT, will
allow many large industries to streamline production and maintenance operations
and improve safety, efficiency, and quality, " Makhlauf said.
Makhlauf described the technical assistance as "excellent" and estimated
that the assistance could help his company create six jobs in 1996 and
another seven in 1997. He also estimated his work with ORCMT to
develop and manufacture the prototype has saved his company up to $200,000
in development costs, reduced production costs by as much as $150,000,
and will mean increased sales of up to $1 million in 1996 and more than
$1 million in 1997.
|
