Extensive expert knowledge and proven experience in the design and production of electric heating elements, temperature sensors, and control systems for industrial manufacturers.

Opportunity:

The company's cost base is largely fixed in nature and can be used to leverage further growth.

After-sales contracts: investment into resources for onsite maintenance work at customers' premises will enable the company to potentially earn recurring revenue through maintenance contracts.

Expanding the product range: a number of key markets that are not currently served by the company hold significant potential for expansion. One of these markets is trace heating products, which are currently required by the large State-Owned Enterprise, Eskom.

Ability to scale: there is physical capacity within the current premises and excess machinery hours which can be leveraged to scale manufacturing, without requiring further capex.

Geographical expansion in South Africa: the company can expand its reach by opening branches or expanding its agency network in various strategic locations across South Africa.