QRP Transceiver Manufacturing & Assembly
LNR Precision is a well known manufacturer of quality QRP Transceivers and Endfed Antennas for Amateur Radio enthusiasts. We are entering our 6th year of business and are products are continually 5 star rated in eham reviews. We take our craft seriously and believe in MADE in the USA products.
We seek funds as we are looking to take over the manufacturing supply chain and bring almost all production in house. We will be hiring staff to shorten our assembly times and we will be drastically increasing our production runs. Our demand is extremely high on our products and we simply want to give our customers quality products at a value priced and have a short lead time from order to delivery.
Our company has done well in keeping new and exciting products in the pipeline. With this funding, it will free up our president and R&D staff to develop these new innovative products and bring them to market. HAM Radio is a hobby and lifestyle that requires constant innovations and our mission is to give back to the community by offering products that are easy to use which will bring more people into amateur radio.
Where we are now: LNR Precision has been steadily growing our business over our existing 5 years lifespan. Sales have been increasing between 30-40% with last year’s increase being over 60%. We have managed to do this by employing less than 10 regular and part time staff. However, we anticipate requiring 10-15 full time skilled workers performing assembly, calibration, QA, artwork, design, packaging and customer response. Our customers deserve a quicker delivery time when they purchase our products and this will allow that to happen. Our market is instant gratification and when a customer purchase a product on Monday, he wants to use it the following weekend if not sooner. We want to make this happen!
In addition, we have vast experience in engineering and design. We have ideas for new products and accessories to our existing line (auto-tuners, analyzers, and other enhancements) that we would love to bring to market. We feel that this funding effort will allow us to do just that!
Realistically, once funding is in place, we feel like we can shorten our production times from 1-2 weeks to 1-2 days and lower our production costs by at least 10%.
Here are two great links that demonstrate just two of our products that we are currently producing. It explains the core functionality and benefit. And best of all, it is produced by a customer, not us!
Risks and challenges
Our risks are hiring staff at an affordable rate who can maintain our own extremely HIGH attention to detail and quality that we have built our brand on. To overcome this, we will be extremely selective in hiring decisions and only employ individuals who work with the same passion and desire that we have.
There are also risks of purchasing high end equipment such as laser engravers and pad print machines. Most of these machines are tens of thousands of dollars and require specialized skill sets to operate on a daily basis. We fully expect that the increased volume that we can produce by owning and operating these machines in house will drastically reduce lag time in our delivery and ultimately lower the cost to our customers.
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