Gary Yanik
Palm Beach Gardens, FL (USA)
Role(s):
Founder/Owner/Principal
PDR-Separations
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Startup
Location:
Palm Beach Gardens
Industry:
Pharmaceuticals
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Mature
Entity Type:
"S" Corporation
Description:
PDR-Separations LLC (PDR) is an established laboratory analytical instrument manufacturer (SIC 3826 & 3823) selling Digital Advanced Laser Polarimeters (DALP) as well as AutoMDS and AutoPREP software/hardware upgrade systems to the pharmaceutical, biotech, agricultural, chemical, and food/flavor/fragrance industries. In 2019 PDR sales were $650K+ with no loans, zero debt, $34K+ in the bank, and all invoices paid at-sight. PDR had every reason to expect sales above $1M in 2020; but sales were blocked by COVID because installations, conferences, and site visits were not allowed for years, and some electronic chips are still not available. PDR has successful product and customer history dating back to 1995, originally as Product Development Resources morphing into PDR-Separations with ownership changes and progressively better products. Management, customers, and product focus are largely unchanged. Products and reputation are advanced and polished. PDR is known world-wide for product and support excellence as well as application and automation leadership. PDR products are without equal from any supplier. PDR is seeking $1M equity investment to support COVID recovery via aggressive marketing/sales. PDR has inventory and no problems with management, production, installation, or support. PDR has a cash problem and long sales cycles of 12+ months.