Address: W223 N735 Saratoga Dr., Waukesha, WI 53186
Website: www.tlxtech.com
Year founded: 1998
Product or service offered: producer of customized electro-mechanical products. TLX Technologies utilizes proportional, high-speed, high temperature, and latching technologies to custom design electromagnetic solenoid products to meet customer’s specific needs.
Projected revenue: $8 million
Leadership: Neil Karolek, president; Derek Dahlgren, vice president.
Target Clientele: Major OEM’s in automotive, industrial and consumer markets that utilize electromechanical products.
Business Organization Memberships: Society of Automotive Engineers International, National Fire Protection Association, Metropolitan Milwaukee Association of Commerce, Waukesha County Business Alliance, Society of Human Resource Management
What has fueled your company’s growth? “Development of several patented technologies for application and sale to the global transportation market.”
What is the biggest obstacle to your company’s growth? “The world economy – primarily the European crisis and how it’s going to be resolved. We are actively involved in designing and selling components to the Chinese market so additionally, the future political direction that the U.S. takes regarding China’s growth and how we as a country deal with that situation.”
Do you plan any changes in your company in the upcoming months? “TLX is planning to open a manufacturing facility in China to service the extremely fast growing automotive market in that country.”
Who are the business people, locally or nationally, whom you admire? And what traits do those people exhibit that make you admire them? “Given the last year or so in Wisconsin, it’s hard not to look at leaders such as Paul Ryan and Scott Walker for their steadfast conviction in the face of constant badgering against not only their political position but their personal integrity as well.”
What is the outlook for the business conditions of your industry over the next several months? “Mostly upside but again, concerns about the European debt could seriously affect not only TLX but the entire U.S. as well.”
What is your company’s key strategy for rising out of the recession? “At TLX we have consistently pushed toward the development of new products while also pursuing new applications in the automotive market. This strategy helped us to garner some business that other more troubled companies could not support due to their cutbacks. We plan to continue this tactic assisting new customers in the development of innovative products. “
