|
PIDC News Q2: PIDC introduces Sodium Nitrate Na(NO3), Cyanuric Acid & other organic chemicals to our product offering. Q1: Additional investment in Alumax(TM) production facility to introduce a new nanotechnology product line. PIDC made further investments to enhance its R&D capabilities by installing Micromeritics TriStar Surface analyzer and Rigaku XRD analyzer. Q4: PIDC recognizes team members for service. Q3: PIDC welcomes Dr. Mancka to R&D Team. Q2: PIDC sets one month sales record in May of $3.4 million. Q1: PIDC installs Spectro ICP in its R&D laboratory. Q4: Production line expansion completed at PIDC Weihai, doubling Alumax(TM) capacity. Q1: PIDC announces Pilot Plant for large-scale custom solution capabilities. PIDC welcomes Dr. Yunkui Li to R&D Team. Q3: Sales surged 30% with new products introduction; PIDC’s growth strategy starting to pay off. PIDC Shanghai completed its first production line of ceramic substrates. Q2: New funding, for continued growth, was secured with Hennessey Capital and Citizens Bank. Q1: Wei Wu, Pres. & CEO, invited to be a panelist at the Wharton China Business Forum 2006. Rare Earths in Fuel Cells Research of fuel cells using rare earth materials is an emergent technology as an alternative power source. Since developments in the 60's and 70's, major technological improvements have been made in the fuel cell industry with the exception that fuel cells are still one of the most expensive power sources today. Recent advancements using rare earth materials have been able to not only reduce costs of the cells, but also lower operating temperatures, and increase power. Fuel cells are one of the cleanest and most efficient technologies for generating electricity. They operate much like a battery except that they never lose their charge. By converting oxygen and hydrogen into electricity, these cells can be used to power buildings and homes, automobiles and trains, and various machines and equipment as a combustion-less and virtually pollution free power source. As long as there is a continuous source of fuel, typically natural gas for the hydrogen and air for the oxygen, fuel cells will generate electricity. As the cost of fossil fuels increases, the conventional electricity sources may be replaced by fuel cell technology. As developments continue, more applications will be using this efficient, environmentally friendly fuel cell technology as the primary power source.
PIDC News PIDC honors Team Members For Service December 19, 2008-PIDC honored three employees with awards for their service to the company. Bill Germond has been with PIDC for five years. He works as VP of Sales and Marketing. Nancy Moule was honored for ten years of service at PIDC, working in the Accounting and Finance division. Jeff Lachapelle was also honored for ten years of service. Jeff joined PIDC as an intern and now serves as Global Business Manager. PIDC thanks these employees for their loyal service and commitment to the success of the company!
PIDC Welcomes Dr. Mancka To R&D Team August 8, 2008-Dr. Manjola Mancka has joined PIDC as Associate Researcher in the R&D program. Dr. Mancka received her Ph.D. in Chemistry from the Friedrich-Schiller University of Jena in Germany. She received her backelor of Chemistry from the University of Tirana in Albania and the University of Siegen in Germany. She has conducted research in Germany, Albania and the United States.
PIDC Welcomes Dr. Li To R&D Team November 15, 2007-Dr. Yunkui Li has joined PIDC as Research and Development Director of the R&D program at the world headquarters in Ann Arbor, MI. Dr. Li has over 23 years of material research experience conducted in China, France, Germany and the United States. He has been published in science journals and has participated in academic conferences. Previously, Dr. Li worked as the Research Manager of Phosphors and Crystals at PIDC's Shanghai division. Dr. Li received his Doctorate in Physics(Optics) from the Shanghai Institute of Optics and Fine mechanics, a division of the Chinese Academy of Sciences. He received his Master's degree from the Anhui division of CAS and his Bachelor of Science from the Xi'an College of Metallurgy and Architecture.
PIDC AWARDED FOR FAST GROWTH FOR 4th CONSECUTIVE YEAR Ann Arbor, Mich.-May 2, 2001-For the fourth consecutive year, Pacific Industrial Development Corporation (PIDC) has been awarded the FastTrackAward. The Washtenaw County Development Council (WDC) gives FastTrack awards annually to businesses that post an average of 20 percent revenue growth over three years. To qualify, businesses also have gross revenues of at least $100,000 in 1998 and have headquarters in Washtenaw County. The WDC began giving these awards in 1998. PIDC is a manufacturer and distributor of metal based materials used to increase product performance in applications such as auto catalysts, rechargeable batteries, lighting, and ceramics. The FastTrack Awards will be presented on May 10, 2001 to honor Washtenaw county's fastest growing companies in building and development, manufacturing, retail, business and services, research and development, and information services. Other four-year awardees are Ann Arbor Commerce Bank, Atwell-Hicks, Inc., and GDI Infotech, Inc.
ANN ARBOR COMPANY EARNS INC. 500 RANKING, NUMBER ONE IN MICHIGAN Ann Arbor, Mich.-November 30, 1999-Pacific Industrial Development Corporation of Ann Arbor announced today that it has been ranked number 62 on the 1999 Inc. 500 list of America's fastest growing privately held companies, making it number one in Michigan. "We are extremely honored to be included among this elite group of companies," said Wei Wu, president and CEO of PIDC. Wu founded PIDC in 1992. The company produces and distributes high quality, low cost nonferrous materials from China that are essential in the television, lighting, automotive, ceramic, and glass industries. Between 1994 and 1998, sales increased 2,954 percent. The company has nine employees in North America and approximately 200 in China. This marks the 18th year that Inc. has charted the progress of America's most innovative and successful entrepreneurs. To be eligible for the Inc.500, companies have to be independent and privately held through 1998, have at least $200,000 in sales in the base year, 1994, and their 1998 sales must have exceeded their 1997 sales. The ranking is based on the percentage increase in sales from 1994 through 1998. Noteworthy Inc.500 alumni include such household corporate names as Microsoft, Timberland, Dominos Pizza and Patagonia. Inc. magazine has 2.2 million readers.
PIDC recognized as "Future 50" company Ann Arbor, Mich.-September 9, 1998-Pacific Industrial Development Corp. has been awarded “Future 50” for the second consecutive year. The "Future 50" companies are honored as successful emerging businesses by the Greater Detroit Chamber of Commerce. These businesses have over 10% employee growth since 1995 and annual revenues above $500,000. Local companies chosen for the award were Pacific Industrial Development Corp., Global Dynamics International Inc., and Advanced Modular Power Systems Inc., also known as AMPS. Pacific Industrial Development Corp. is a supplier of rare earth materials like neodymium, cerium and erbium that are used in auto catalysts, ceramics and other products. These products are used in a variety of industries to increase product performance and lower costs. On October 6, an awards luncheon will be held to honor the Future 50 winners at the Troy Marriott.
Ann Arbor, Mich.-May 6, 1998-Pacific Industrial Development Corporation was among the eighteen companies in Washtenaw County recognized for the first annual FastTrack Awards. Patterned after the Inc. 500 and the Michigan Private 100, FastTrack awards recognize companies with revenues of at least $100,000 in 1994 and 20 percent or more average annual growth over the subsequent three years. Other winners included Advanced Modular Power, Advent Engineering Services Inc., Analytical Design Service Corp., Ann Arbor Automation Inc., Ann Arbor Commerce Bank, Atwell-Hicks Inc., Entyre Doc Prep Inc., Global Dynamics International Inc., Hoff & Associates Inc., Imageware Corp., J.C. Beal Construction Inc., Omnex/AQSR, Statprobe Inc., T/J Technologies Inc., and Whedco Inc.
Ann Arbor Firms Recognized as "Future 50" Ann Arbor, Mich.-September 4, 1997-Two Ann Arbor firms, Pacific Industrial Development Corp. and Statprobe Inc., are among 50 honored as successful emerging companies by the Greater Detroit Chamber of Commerce and WWJ Newsradio 950. Award winners were companies that showed at least 10 percent growth in full-time employment over a three-year period and achieved annual revenues of at least $500,000. These companies are all located in an eight-county region of Southeast Michigan and are less than 15 years old. Pacific Industrial Development Corp. is a supplier of rare earth materials like cerium, erbium, and neodymium that are used in auto catalytic converters, lasers and other products. The founder of the three-year old firm, Wei Wu, was recently named as Michigan's Emerging Entrepreneur of the Year. Statprobe is a clinical research organization that works for pharmaceuticals, biotech firms and manufacturers of medical devices, conducting clinical trials and analyzing data for drugs and other products. On September 30, an awards luncheon will be held to honor the Future 50 winners at the Marriott in Troy.
Wei Wu, Entrepreneur of the Year Ann Arbor, Mich.-June 7, 1997-The Michigan Entrepreneur of the Year competition has honored Wei Wu, President of Pacific Industrial Development Corporation as one of the top ten successful entrepreneurs in 1997. This award recognizes privately held companies, based on their operating growth during a minimum period of two years and growth in earnings, employees and revenue. Wei Wu earned a master's degree in engineering from the University of Michigan and then began his company in 1992. Based out of Ann Arbor, MI, Pacific Industrial Development Corp., which imports raw and processed rare earth, reported sales in 1996 of more than $5 million. "Rare earth" is a byproduct of mining for iron ore that is used in a variety of high-tech manufacturing of magnets, glass, electronics, and ceramics. Wu has nurtured the company quickly to a point at which it has gained a reputation among the Fortune 500 companies it supplies. Pacific Industrial now has more than 40 customers and expects to have 80 by the end of 1997. It projects sales of $8 million to $10 million. The workplace philosophy of Pacific Industrial is to find creative solutions to human resource issues to achieve the long-term vision of building a leading international corporation. The diverse company is a blend of Eastern and Western philosophy and origin. Two of PIDC's largest competitors, France's Rhonde Poulenc and Unical 76 in the United States, currently control about 50 percent of the market for rare earth. The future of Pacific Industrial lies in successfully competing for and dominating the remaining business worldwide.
|