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Lee Grodzins (center) and his product development teamDirector, Global Marketing, NITON Analyzers,Thermo Fisher Scientific.
"We are extremely pleased that the NITON XRF Analyzer family has been awarded the prestigious IDEA Gold award, but the real validation of the products' design has come from our customers: product sales have increased more than 175% over the past three years, leading to the acquisition of NITON by Thermo Electron Corporation for more than $40 million in March 2005."
Awards
Red Dot
Good Design
IDEA Gold
2002-2003 Good Design
R&D 100 (magazine)
X-Ray vision to go.
How can we make a complex scientific tool more portable and easier to use? Answering this central question helped Altitude turn NITON from a small, specialized technology firm into a product innovator and market leader. NITON is a leader in X-Ray Fluorescence (XRF), a key technology used to analyze samples such as soil, scrap metal, and paint. NITON's original analyzer was heavy and difficult to use. Each unit was custom-assembled, keeping expenses high. During this major redesign, close collaboration between NITON scientists and Altitude designers and engineers resulted in a family of handheld analyzers and accessories. Our streamlined, lightweight analyzers helped NITON increase its sales 175 percent in fewer than three years, selling more units to existing customers while creating new markets.
Keeping design in line with financial considerations
Recognizing the capital constraints of this small company, we developed a staged manufacturing strategy that minimizes capital expenditures. Profits from sales during the first two years funded the conversion from soft-tooling and cast urethane to hard-tooling and injection molding, increasing margins and lowering assembly costs. Strong sales and product innovation made NITON an attractive acquisition target for high-tech instrument leader Thermo Electron, which purchased NITON in 2005 for $40 million.
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