Best Circuit Boards, Inc. | Application Preview
Best Circuit Boards, Inc. is applying for government grants to enhance equipment and cover go-to-market expenses. The company aims to navigate the current US government downturn by positioning itself as a leading custom RF manufacturer while expanding its sales team.
The rationale for receiving funding is rooted in the declining number of printed circuit board manufacturers in the U.S., with fewer than 100 remaining, as production increasingly shifts overseas to countries like China and India. While the government is investing in advanced technologies and chip manufacturing, there is a gap in support for the essential printed circuit boards that house these chips. Best Circuit Boards, Inc. offers the capability to create high-quality, custom circuitry using molded substrates and 3D printing, a distinctive value in the market.
In terms of competition, the main players include TTM Technologies and Summit Interconnect, both of which have extensive operations overseas, large workforces, and automation that often compromises quality in complex board production.
Best Circuit Boards, Inc. boasts a competitive edge through decades of experience supplying development services to major U.S. government system integrators. Its expertise in machining and plating processes has contributed to critical defense projects such as the Aegis radar system and the PAC-3 missile program. The company operates an unautomated facility that yields superior quality and efficiency, serving as a preferred partner for Tier 1 U.S. government integrators. Notably, it uniquely combines a machine shop with PCB manufacturing, further enhancing its capability and quality of output.
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General Information
Business Registration Number: 75-2131496
Location: Wylie, TX, United States
Length of Operation: 11plus
Number of Employees: 26-50 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $1M to $10M
Open to Loans: NO
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Funding Usage
Equipment upgrades and go to market costs.
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Business Plan
To emerge (survive) from the current USG downturn as a quality custom RF manufacturer. Grow our sales force. There are less than 100 printed circuit board manufacturers left inside the US. Most of the manufacturing is sent overseas (i.e.. China, India, etc.). The USG is investing in technology, chip manufacturers, but not in all levels of technology, i.e. the boards that these chips are mounted. We also can produce quality working shaped circuitry from molded substrates and 3D-printed materials. Our design to produce a product's buildability is well known throughout the industry.
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Self Identified Competition
1. TTM Technologies. 7 Regional offices in 3 continents. 13 A&D/Specialty manufacturing facilities in the US. 10 commercial facilities, 5 in the US, 4 in China, and 3 engineering centers, 2 in the US and 1 in China. A large sales force and low quality in the USG market on complex boards due to automation. 2. Summit Interconnect. 9 locations, 6 in the US, 1 in Canada, 2 in Mexico. Over 1,250 employees. Automated. large sales force. For the last three decades, Best Circuit Boards, Inc., has provided development services for major USG system integrators. We developed machining and plating processes providing unique products to the Aegis radar system(s), PAC-3 missile program, satellite RF sensors and power, and various prototyping for fixed antennas (hypersonic). Our unautomated plant provides better than industry yields and our quality is superb. Many of the in-house development organizations from the Tier 1 USG systems integrators use us as the development house for producibility. Plus, we have the only machine shop combined with a PCB manufacturer that we know of.
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