Founded in 1991, Materials Systems Inc. (MSI) develops and manufactures advanced materials and custom components for defense and commercial systems customers. In its early years MSI operated primarily as a research and development company with applications for sonar receivers and ultrasound systems.
MSI began the transformation from a pure research and development company to design and manufacturing when it began producing a limited product line for customers in 2002.
PCI’s loan will allow MSI to continue expanding its manufacturing operation by financing the upfront development and manufacturing costs until customers pay for the finished products.
PCI Loan Amount: $600,000
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