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HomeMy WebLinkAboutItem 05.aJanuary 18, 2013 Overview QA1 specializes in providing performance shock absorbers, rod ends, spherical bearings, struts, springs, ball joints and other related items to a variety of markets including: circle track racing; drag racing; street performance; street rodding; construction, fitness and packaging equipment; as well as several other industrial markets. Located on Hanover Avenue in the Airlake Industrial Park, the QA1 headquarters currently has over 65,000 square feet containing everything from sales and marketing, research and development, to complete production and quality control operations. Started in 1993, QA1 now holds the position of supplying the majority of rod ends and spherical bearings to the automotive racing market. They are also the largest performance shock absorber manufacturer in North America producing 100,000 units /year here in Lakeville. QA1 has worked with and acquired a number of companies over the years to become the industry leader they are today. As they continue to grow and expand they aim at doubling sales every 4 -5 years. Because research and engineering are done locally, QA1 continues to bring in new equipment, employees and processes. They are currently testing some high -end carbon fiber technology that will continue to bolster the products they can provide to their customers. With over 6,500 SKU's they supply product to customers both domestically and across the world. QA1 currently employs 50 people and continues to grow as they expand their markets. A spring building expansion is currently in the works to accommodate this growth. Adam Kienberg / Economic Dev opment Specialist Spotlight on Business QA1 January 22, 2013 City Council Meeting Item No. Financial Impact: $ 0 Budgeted: Y/N Source: Related Documents (CIP, ERP, etc.): Notes: