November 1, 2017
Turning our customers’ manufacturing lines into Smart Machines is Equitech’s vision. We believe that we offer a unique value proposition that can impact multiple production operations enhancing quality control, helping with waste reduction and energy savings. The potential for labor savings and information sharing augmenting existing lab operations may provide added benefits.
We not only provide color measurements, but also have many applications where we are monitoring yellowness, turbidity, and chemical concentrations. Cases of successful measurements are listed below.
In a number of cases the optical appearance varies when there is a change or unwanted deviation in the manufacturing process. Examples include yellowing and turbidity, which often show up when optimal production is not reached.
For more information about our capabilities, please call our office at (706) 364-6060.
During the last few years Equitech Int’l (EQTL) and wholly owned marketing subsidiary MIP Technology Corp., has continued work with our customers and our manufacturing partner to move from a recovery state to a fully-operation financially profitable technology company. Operating with limited resources, the company has been very fortunate to have the loyalty and support of all of our employees to manage the company through tough circumstances.
We generally face a long lead time associated with qualifying a prospective customer, securing samples to insure our technology can read the products being produced, moving to either a one-day trial at one of our off-site partners and/or a one-month trial on the customer site. We then must complete ROI, securing approval and complete other necessary steps needed to close each order.
After much hard work, we are beginning to see positive results with key target customers, moving from the purchase of single systems to consideration of multiple systems across a wide range of applications and geography. Our challenge has been to gain access to a higher level of decision makers that not only will see the benefit of our technology but will have the authority to execute purchase orders for multiple systems. Current trials are underway with a number of firms that with success will create the multiple orders required to put the company on a more solid financial footing.
In addition, we now have available a Capital Lease Purchase program that allows customers to finance our systems over a 24 to 72-month period. It is expected this option will provide new financing options as customers consider adding in-line measurement systems to their manufacturing operations.
It is anticipated with the recently approved tax law revisions and repatriation of funds, the climate for capital investments will be greatly enhanced and our in-line process measurement technology is uniquely positioned to take advantage of this increased capital available for deployment. The company also has in process a grant application for significant R&D funds from the federal government.
The company will continue to evaluate alternative market approaches to enhances sales performance, review potential for debt or equity restructuring and consider all options to reward shareholders for their patience and continued support. As a non-reporting “pink sheet” company (EQTL) we have not yet begun providing financial information in a public forum and or to the “pink sheets”. The Board desires to disclose progress in dealing with the follow issues to interested shareholders accordingly we have available a call-in number 239-221-3604. This number will give you direct access to Chairman Skelton to answer questions you may have about the company.
Equitech International manufactures robust process analyzers that measure and control color and chemical applications. Equitech’s rugged and compact UV-vis spectrophotometer complements a wide variety of fiber optic probes to allow a practical measurement solution (in process and real-time) for many manufacturing processes. With unique and exclusive contact measurement solutions, Equitech can measure a variety of liquid, slurry, powder and gas applications.
site design by thebranding.company