ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Patton Taps Rich Coursey to Lead its New Contract Engineering, Design, and Manufacturing Division

By: PRLog

Patton has selected the former NRL owner and CMO, Rich Coursey, to lead sales initiatives and business development for its recently launched contract design and manufacturing division

GAITHERSBURG, Md. - Jan. 18, 2023 - PRLog -- Patton™ … Let's Connect!

GAITHERSBURG, MARYLAND: Patton—Maryland-based designer and US manufacturer of high-technology and electronic communications products—has appointed Rich Coursey, former owner and Chief Marketing Officer of NRL, to lead business development for its newly-launched onshore, brick-and-mortar, design and manufacturing service, which is supported by Patton's hardware and software engineering team.

Title. As Director of Sales, Special Projects, and Contract Services at Patton, Rich Coursey is tasked with developing new opportunities for contract product design and development, manufacturing, and other Special Projects.

More Muscle. "We decided to apply a little more muscle into addressing the market demand for our engineering and manufacturing competencies," said Bobby Patton, President and CEO at Patton. "His sales record has proven that Rich has the muscle for that mission."

Sales. At NRL & Associates Coursey developed business with the likes of GE and Northrup Grumman to the tune of about $15 million in annual revenues.

Skills. Mr. Coursey brings over 20 years' experience in state-of-the-art, high-tech machine fabrication and final-assembly of systems—including strict-tolerance, custom-engineered products in metals, plastics, wood, and composite materials.

Shifting. "Manufacturing continues to see a shift away from Asian sources – a trend that is particularly strong in military and industrial markets where the need to reduce risk is most critical," Bobby Patton said.

Trending. The announcement of Coursey's appointment at Patton comes during a resurgence of reshoring/onshoring among US manufacturing companies driven by rising demand for onshore US fabrication with the supply chain protection it offers. According to SmithSchafer the US manufacturing sector grew for 24 consecutive months as of August 2022.

The business activity is well-described on Patton's' web page: DESIGN, ENGINEERING & MANUFACTURING SERVICES.

Onshoring. As a strategy for supply chain resilience, moving manufacturing to the US reduces dependence on easily-disrupted trade routes such as China, Wolters Kluwer reports.

Long Trajectory. Patton has been designing and manufacturing its own brands of networking and communication technology products since 1981.

Market Segments. Now, leveraging US-centric capabilities under one roof, Patton offers technology design and manufacturing services to customers in communications, robotics, aerospace, healthcare, defense, healthcare, power, and security sectors.

Media Contact
Glendon Flowers
***@patton.com
3019751000

Photos: (Click photo to enlarge)

Patton Electronics Co. Logo Rich Coursey

Read Full Story - Patton Taps Rich Coursey to Lead its New Contract Engineering, Design, and Manufacturing Division | More news from this source

Press release distribution by PRLog

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.