Isam Shakour
San Jose, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Shax Engineering
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Startup
Location:
San Jose
Industry:
Manufacturing
Year Founded:
1998
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Shax Engineering and Systems is an electronics design and manufacturing service company. The company was established 19 years ago in 1998 to provide electronics design services to the R&D and OEM companies in San Francisco Bay Area. At early years of inception, the company saw an opportunity to offer circuit board fabrication and assembly were EMS services are introduced.
Fueled by the demand for electronics manufacturing service, we believe that the contract manufacturing industry will grow from $430 billion in 2015 to $620 billion in 2019. To support the industry expansion, Shax engineering needs an investment to expand its manufacturing capacity, marketing, sales, and operations. The objective of the investment is to:
a) Increase the company’s value-added offerings by adding new assembly equipment
b) Enhance company’s operation capabilities by adding additional operation staff.
c) Outreach for additional sales territories