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This is Chris Redgrave for Zions Bank Speaking on Business.
Hurricane Electronics Lab manufactures electronic components called inductors and transformers. Anything that plugs into the wall needs these parts to regulate the electricity. According to the Consumer Electronics Association, Americans own approximately 24 electronic products per household, so you can imagine the need.
Hurricane Electronics has now grown to an employee base of 10. They serve big and small companies across the U.S., including GE Healthcare, Tyco, Sneider and Ram. They even have parts inside the Statue of Liberty and on the space shuttle. You won't see Hurricane Electronics Lab on the outside of the products, but if you open them up, you'll often find the components they manufacture inside.
In the early days of Hurricane Electronics Lab, Charles, an electrical engineer, developed the part, then wrote down the instructions so Cheryl could produce them. In a product like this the design work is very technical but putting it together is a simpler process. Cheryl became the driving force behind the business until Charles quit his job to work the company full time. Once they were established enough, they sold their California home and moved to Hurricane, where the business has been ever since.
Right now they're experiencing fierce competition from China. In this business, their end customers are original equipment manufacturers, and since so many of them are now sending parts to China to be produced, a lot of their competition in the U.S. has gone under. Cheryl says the advantage of Hurricane Electronics Lab is how closely they work with customers to give them what they need. Not to mention there's currently a resurgence of people who want materials from the U.S., so their business is increasing.
For Zions Bank, I'm Chris Redgrave, speaking on business.
Hurricane Electronics Lab 331 N. 2260 West Hurricane, UT 84737 435-635-2003 www.hurricanelectronics.com
