Tustin, California – M Line Holdings Inc., a provider of products, assemblies and services to the precision high tech segment of both the aerospace and medical industries as well as a seller of high-end, pre-owned Japanese CNC equipment, has reached its goal of eliminating its reliance on one customer.
M Line's primary objective in eliminating customer concentrations in its manufacturing business unit came when its largest customer was eclipsed by a growth customer for the first time in twenty years.
Bruce Barren, M Line's CEO stated: "Expanding our business capabilities and eliminating our reliance on one major customer, thus reducing our risk for a major financial setback in the event of its loss has been one of our primary objectives. This objective was and continues to be achieved as we add new customers and restored customers while maintaining profit margins without loss of revenues."
Barren adds: "We are pleased the company has obtained AS 9100 Rev C certification for the development of proprietary products and selling engineering products. This new approval augments the expansion of our manufacturing capabilities and the ability to further expand our customer mix, this year, and moving forward."
A business co-operation agreement with Structural Integrity Engineering Inc. positions M Line to begin developing proprietary products for use in aircraft. Additional key customers for M Line include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, and BE Aerospace.
Source: M Line Holdings
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