LSP Technologies Joins the Inc. 5000 for 2019

176% Sales Growth, 2015-2018, Earns LSPT a Rank of 2278 in Nation’s  5000 Fastest-Growing Companies

NEW YORK, August 14, 2019 – Inc. magazine today announced that LSP Technologies, Inc., of Dublin, Ohio, is No. 2278 on the 2019 Inc. 5000 list of the nation’s fastest-growing private companies.

LSP Technologies is the world’s only supplier of commercial-grade laser peening equipment for sale or lease, and the company has pioneered laser peening services since 1995. It also offers Laser Bond Inspection, using laser technology to test the integrity of adhesive bonding for composite parts in aviation, ground transportation, and other applications.

LSPT Technologies’ patented laser peening process improves the useful life and safe operation of a wide range of metal alloy components for aerospace, power generation, automotive, heavy equipment, and medical applications.

LSP Technologies sales grew 176% from $3.98 million in 2015 to $11.0 million in 2018. During that time the company’s employment grew from less than 25 to 60 team members today. The Inc. 5000 rankings are a function of the highest three-year compound sales growth rates, and the company entered the top half of the list the first time it appeared.

“I like to think we’re the best 24-year-old startup company around!” said Jeff Dulaney, founder, President and CEO of LSP Technologies. “We have invested long-term – in technology, in customer relationships, and in opportunity for our team members. We have launchpads for growth in Europe and China. And it is our humble hope that the long-term dividends of that research, product development, teamwork, and customer service have only just begun.”

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LSP Technologies transforms laser peening – cover story for Metal Finishing News

Head of Mechanical Engineering Gary Grossenbacher reviews a custom laser peening tool design with Mechanical Engineer Devin Hilty. LSP Technologies now develops specialized laser beam delivery tools for addressing large stationary components, complex geometries and hard-to-reach surfaces.

Head of Mechanical Engineering Gary Grossenbacher reviews a custom laser peening tool design with Mechanical Engineer Devin Hilty.

LSP Technologies shares the secrets of rapid growth in custom laser peening solutions

LSP Technologies Inc. has nearly tripled in size and sales due to a fundamental shift in its business strategy. In addition to its robust laser peening services business, LSPT now provides laser peening equipment and custom-engineered laser peening solutions. But perhaps the real secret to its success is a high-performance team culture.

Just three years ago, LSPT became the only company in the world to offer a turnkey laser peening system. Today, LSPT offers custom solutions that allow customers to deal with large stationary parts, hidden surfaces, complex geometries, and hazardous environments.

The proliferation of laser peening technology took a giant step forward in 2015 with the introduction of the Procudo® Laser Peening System, the world’s first and only commercial, high power, diode-pumped laser peening system. The first three Procudo® Laser Peening Systems were installed on three different continents: at LSP Technologies’ facility in Dublin Ohio, at Guangdong University of Technology in Guangzhou, China, and at the Center of Applied Aeronautical Research in Hamburg, Germany (See MFN International, July 2018 cover story).

This year, a Chinese auto components manufacturer signed a joint venture agreement with LSP Technologies for the purpose of providing laser peening services in China utilizing Procudo® Laser Peening Systems. That joint venture, Shandong Maitelaisi Metal Surface Technology Co., Ltd. (MTLS), is now a reality. MTLS has a 100,000sqft facility, now in final stages of construction, which will open this fall in Weifang, China.

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Webinar Explains Laser Peen Forming

How LSP Technologies controls lasers to shape metal alloys

Stan Bovid, LSPT Director of Materials Research hosted a webinar on laser peen forming on June 26, 2019. Laser peen forming can produce a unique curvatures and metal shapes, and finite element analysis modeling can predict the precise power levels and peening patterns to transform metal alloys.

The technology can be applied to aviation, maritime (including repairs), and other industries where precise metal shaping is required. In this excerpt of the webinar, Bovid explains how LSP Technologies models different modes of laser peen forming and uses a variety of laser peening parameters to achieve the desired shape.

Download a PDF file of the Laser Peen Forming Power Point slides.

Contact Stan Bovid at LSPT for more information about laser peen forming and how it might fit your particular application.


Adding X-Ray Diffraction to LSP Technologies’ toolkit

X-Ray Diffraction Adds Speed and Precision to Laser Peening Application Development

LSP Technologies (LSPT) has enhanced its in-house measurement of compressive residual stress in metals, installing a new X-ray Diffraction (XRD) instrument. New XRD measurements will help LSPT to develop laser peening prescriptions for customer needs more quickly and accurately for complicated geometries and parts.

“Customers are increasingly asking for the kind of precision which XRD measurements can yield,” said Dr. Micheal Kattoura, a Materials Research Engineer for LSPT. “Now we can prove out the benefits of laser peening on even the most complicated geometries efficiently with XRD measurements.”

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June 26 webinar on laser peen forming

 

Features laser peen forming case studies in maritime and automotive industries

Imagine the ability to shape metal parts to precise geometric curves and configurations. That’s the power of Laser Peen Forming, the process of focusing high-powered laser peening to form and shape components.

LSP Technologies will host a free webinar on Laser Peen Forming technology and applications on Wednesday, June 26, at 11 a.m. EDT.  Click here to register for the webinar today.

Stan Bovid

Stan Bovid, LSPT Director of Materials Research will share details on laser peen forming benefits, including
• Case study – aluminum hull repair for the maritime industry
• Case study – straightening engine crank shafts for life improvement and distortion correction
• Finite element modeling to apply laser peening for precisely shaped parts
• Effective laser peen forming for an increasingly wide range of metals

Laser peen forming maximizes the material benefits of LSP, while attuning the inherent relationship between stress and strain within the metal to create complex, stable shapes.

Because these distributions are readily responsive to today’s analytical modeling tools, we can use Finite Element Analysis (FEA) to simulate the imparted plastic strain along with the elastic response of the surrounding material. This allows accurate, scalable predictions that translate into a vast array of unique curvatures and shapes.

Our speaker, Stan Bovid, is a Ph.D. candidate in materials science at The Ohio State University. He is an expert in metallurgy and computer modeling of industrial metals for aerospace, automotive, heavy equipment, medical, and power generation applications. At LSPT, Bovid manages application development engineering for customers and the company’s materials science testing laboratory and center of excellence.

To register for the webinar today, please click here.

Laser peen forming produced this variety of curved shapes.

Laser peen forming produced this variety of curved shapes.