March 30, 2011 – Z-AXIS achieved 83% revenue growth for its fiscal year ended Feb. 28, 2011, setting records for revenue and profitability as it enters its 22nd year of electronics design and manufacturing in Ontario County. Key growth areas were design and production of medical power supplies for use in hospital and clinical settings, and contract manufacturing of printed circuit boards with conformal coating for use in military, automotive and other harsh environments.
The company has realized more than 30% average compound revenue growth over the past five years.
“I credit our success to the strong management team we’ve built over the past five years,” said Michael Allen, president of Z-AXIS. “In every area of the company, exceptional leaders demonstrated their ability to rapidly expand our operations while maintaining the high quality and responsiveness that Z-AXIS is known for. We are now well positioned with capacity, people and backlog for continued strong growth.”
Other highlights of the recently completed fiscal year include:
- Doubling employment with additions in design engineering, purchasing and production for a current total employment of more than 80 people in Phelps, NY.
- Investing $880,000 in new equipment, including a high-speed SMT pick and place line to complementing existing high-mix lines.
- Achieving ISO 9001:2008 quality management systems certification.
With both design services and contract manufacturing in one facility, Z-AXIS serves as an outsourced electronics product development team for high tech companies. Services include product concept development, feasibility studies, electronic circuit design, printed circuit board layout, prototype builds, pre-production runs and full-scale manufacturing.
The company has current openings for electronics design engineers and technicians.