Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment and structures. In addition to manufacturing and selling existing product lines, the company continues to develop new and advanced technology products.
Principal Products
The company manufactures and sells a group of very similar products that have many different applications for customers. These sim...
Taylor Devices, Inc. is engaged in the design, development, manufacture and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment and structures. In addition to manufacturing and selling existing product lines, the company continues to develop new and advanced technology products.
Principal Products
The company manufactures and sells a group of very similar products that have many different applications for customers. These similar products are included in one of nine categories, namely, Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs, Vibration Dampers, Machined Springs, Custom Shock and Vibration Isolators, and Custom Actuators. Custom derivations of all of these products are designed and manufactured for many aerospace and defense applications. The following is a summary of the capabilities and applications for these products.
Seismic Dampers are designed to mitigate the effects of earthquakes on structures and represent a substantial portion of the company’s sales.
Fluidicshoks are small, extremely compact shock absorbers with up to 19,200 inch-pound capacities, produced in 12 standard sizes for primary use in the defense, aerospace and commercial industries.
Crane and Industrial Buffers are larger versions of the Fluidicshoks with up to 10,890,000 inch-pound capacities, produced in more than 50 standard sizes for industrial applications on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys and train car stops.
Self-Adjusting Shock Absorbers, which include versions of Fluidicshoks and crane and industrial buffers, automatically adjust to different impact conditions, and are designed for high cycle application primarily in heavy industry.
Liquid Die Springs are used as component parts of machinery and equipment used in the manufacture of tools and dies.
Vibration Dampers are used primarily by the aerospace and defense industries to control the response of electronics and optical systems subjected to air, ship, or spacecraft vibration.
Machined Springs are precisely controlled mechanical springs manufactured from a variety of materials. These are used primarily for aerospace applications that require custom features that are not possible with conventional wound coil springs.
Custom Shock and Vibration Isolators are consisted of various configurations, including liquid springs, fluid dampers, elastomeric springs and Pumpkin Mounts. They are typically used for defense applications.
Custom Actuators are typically of the gas-charged type, using high pressure, that have custom features not available from other suppliers. These actuators are used for special aerospace and defense applications.
Sales and Distribution
The company uses a technical sales force consisting of Company employees for sales in the United States. The company uses the services of several non-employee sales representatives for sales throughout the rest of the world. Specialized technical sales in custom marketing activities outside the U.S. are serviced by these sales representatives. A limited number of foreign distributors also have non-exclusive agreements with the company to purchase its products for resale purposes.
Major Customers
Sales to four customers approximated 40% (21%, 7%, 7%, and 5%, respectively) of net sales for 2024.
Patents, Trademarks and Licenses
The company holds ten patents expiring at different times until the year 2040.
Research and Development
For the year ended May 31, 2024, the company expended $388,000 on product research. Government-funded research and development totaled $818,000 and customer-funded research and development totaled $477,000.
Government Regulation
The company is subject to the Occupational Safety and Health Act (‘OSHA’) and the rules and regulations promulgated thereunder, which establish strict standards for the protection of employees, and impose fines for violations of such standards. The company is in substantial compliance with OSHA.
History
Taylor Devices, Inc. was founded in 1955. The company was incorporated in the state of New York in 1955.