Bead Electronics was awarded another grant from the Manufacturing Innovation Fund Voucher Program, a partnership between the Department of Economic and Community Development (DECD) and The Connecticut Center for Advance Technology (CCAT).
This is the second grant Bead has received in the last six months.
The first grant went toward the purchase of a new loading dock leveler for the shipping department.
This second round of funding, totaling $25K, will go towards computer equipment and consulting, including a quality audit and training on the new ISO 9001: 2015 standard, which is planned for this fall.
The funds will help Bead achieve measurable improvements to its overall profitability and competitiveness because both improvements relate directly to our customers. By keeping up to date on the latest ISO certification and upgrading our shipping equipment, we can continue to ensure quality and delivery of our custom electronic contact pins, both of which are extremely important to our customers.
About Bead Electronics
Bead Electronics, is a global manufacturer of electronic connector pins and has been manufacturing in Connecticut for over 100 years. The award-winning company carries over 500 patents and is best known for inventing its manufacturing process called swaging. This process is a high-speed, virtually scrap-less, cold-forming process capable of producing a wide size range of metal electronic components that are consistent and cost-effective. The family-owned business is led by its fifth generation. Click here to speak to a connector pin specialist today.