LSP Technologies on its Groundbreaking Equipment and Innovative Technology
High-tech manufacturing company LSP Technologies came out of technology originally developed at the Battelle Memorial Institute.
Then, after six years of working at Battelle, Jeff Dulaney left to create his own company — and began licensing the “laser peening” technology to General Electric as well as for use at his own company.
Laser peening is a process that uses high energy pulse laser to compress metal surfaces, making it resistant to cracks and corrosion, benefiting companies from both a safety and cost perspective.
Almost a decade after LSP Technologies was first founded, the company got its own production operation going, designing and building the “world’s first” laser peening equipment in the process. The company helped organizations like the United States Air Force solve metal fatigue resistance issues in the B-1 Bomber with its laser peening technology.
That work later evolved into production work for gas turbine engines and die manufacturing equipment.
In 2012, LSP Technologies moved from production processing to letting its customers have access to their laser peening technology, developing equipment and customized applications to sell to them.
LSP Technologies received funding from the Ohio Third Frontier initiative to fund the design and production of this equipment, and in a few years a prototype was created and orders started coming in.
“We actually got our first order in 2015, and then we’ve had [a] steady growth of sales and revenue over the last five years,” said Dulaney. “And so now we have equipment in China. We have equipment in Hamburg, Germany, equipment here in the U.S. and we have a lot of interest from India, Japan, Israel, and even Russia.”
LSP Technologies is currently working on two large projects — a new equipment prototype for European multinational aerospace company Airbus and equipment to go inside a nuclear reactor vessel head, the latter a project in production for the last two years.
The company is also developing equipment for its laser bond inspection and laser peen forming methods, offshoots of the laser peening technology, to eventually sell. Both of those technologies will likely be picking up in the next several years, said Dulaney.
LSP Technologies expected 2020 to be a big year for the company, but like a lot of businesses, the pandemic unexpectedly changed their course. However, though things have slowed down, Dulaney expects business to pick back up where it left off next year. LSP Technologies has also been able to dedicate more time to improving its equipment and products, as well as making connections with potential clients around the world.
“I mentioned other countries that really last year we had almost no contact with. The opportunity was there, but we weren’t really marketing and pushing there,” said Dulaney. “And now because we have time, and maybe they have time, we’re connecting more.”
When having international visitors to its facility was a more common occurrence, LSP Technologies was able to show companies around Dublin, particularly Bridge Park.
The walkability of the downtown-like area is also one of the reasons Dulaney likes living in Dublin. So much, in fact, that he chose to start LSP Technologies there from the beginning. And it turns out the area also was able to accommodate the company as it grew. LSP Technologies went from 20-something people in an 18,000 square foot facility eventually to just shy of 60 people in a 65,000 square foot facility.
“I worked with the City of Dublin — we got some incentives to stay here a couple of years ago. And so ultimately ended up buying a building in Dublin that just became available at the time,” said Dulaney.
He also values living in the city from a community standpoint.
“The perspective of trying to create a culture of family and community inside our company, I think it’s really consistent with those kinds of values,” said Dulaney.
For more information on LSP Technologies, visit www.lsptechnologies.com.
Our technology series is presented by our partners in the City of Dublin.
Dublin is a city of more than 47,000 residents located just northwest of Columbus, Ohio. The City of Dublin Economic Development team has a vision to make Dublin a Midwest IT Magnet through business leadership and sustainable workforce development. This commitment goes beyond short-term skills training to include long-term strategic and cultural support for the entire Dublin business community. Dublin is one of America’s Top 20 Creative Class Cities and is home to more than 20 corporate headquarters, an entrepreneurial center, 3,000+ businesses, world-class events and the urban, walkable Bridge Street District.