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United States

Profile: Transcat Inc (TRNS.OQ)

TRNS.OQ on NASDAQ Stock Exchange Global Market

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Transcat, Inc., incorporated on March 19, 1964, is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). The Company is focused on providing its services and products to the life science industries, which include pharmaceutical, biotechnology, medical device manufacturing and other Food and Drug Administration (FDA)-regulated businesses. The Company also focuses on other industries, which include industrial manufacturing; energy and utility, including oil and gas; chemical manufacturing, and Federal Aviation Administration (FAA)-regulated business, including aerospace and defense and other industries. The Company's subsidiaries include Transcat Canada Inc., United Scale & Engineering Corporation, WTT Real Estate Acquisition, LLC and Anacor Acquisition, LLC.

Service

Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak). As of March 26, 2016, the Company operated 20 calibration service centers (Calibration Service Centers) located across the United States, Puerto Rico, and Canada. Through its Service segment, the Company performs recurring periodic calibrations (typically ranging from 3 months to 24 months intervals) on new and used instruments, as well as repair services for its customers. The Company performs over 425,000 calibrations annually and can address approximately 90% of the items requested to be calibrated with its in-house capabilities.

The Company's laboratory instrument services include analytical qualification, validation, remediation and preventative maintenance services. Its analytical qualification and validation services provide a specialized service offering focused on life science-related industries. Analytical qualifications and validation services include validations to specifically documented protocols that are used in life science industries, including installation qualification (IQ), operational qualification (OQ) and performance qualification (PQ). It offers a suite of both traditional calibration and laboratory instrument and other analytical services. Analytical qualifications and preventative maintenance services are based on service agreements for periodic service. Some validation services are based on certain customer processes. Remediation services are based on specific regulatory actions and are project-based and required by a customer for a finite period of time. It provides other services to its customers, such as three dimensional parts inspections, which are performed for customers engaged in medical device manufacturing and testing, and repair and consulting services, which appeal to a range of customers. It provides total program management, including logistical, remediation and consultation services.

CalTrak is its documentation and asset management software, which is used to manage both the workflow of its Calibration Service Centers and its customers' assets. With CalTrak, the Company provides calibration services to its customers. Additionally, CalTrak Online provides its customers with Web-based asset management capability and an off-site archive of calibration and other service records that can be accessed around the clock through its secure password-protected Website. Through CalTrak and CalTrak Online, each customer calibration is tracked and automatically cross-referenced to the assets used to perform the calibration, providing traceability.

Distribution

Through its Distribution segment, the Company markets, sells and rents national brand instruments to customers globally. Its e-commerce focused Website and product catalog (the Master Catalog) offer access to over 100,000 test, measurement and control instruments, including products from approximately 540 manufacturers. Other value-added options the Company offers through its Distribution segment include equipment rentals for varied lengths of time and used equipment procurement, refurbishing and resale to meet various customer needs. The Company offers value-added services, such as calibration/certification of equipment purchases, equipment rentals, used equipment for sale and equipment kitting. Its online presence includes its Website and e-newsletters, Master Catalog, supplemental mailings, and other sales and marketing activities. It also offers online procurement, same day shipment of in-stock items, kitted products, the option to rent, training programs and a range of custom product offerings. The Company distributes its products throughout North America and internationally.

Company Address

Transcat Inc

35 Vantage Point Dr
ROCHESTER   NY   14624-1142
P: +1585.3527777
F: +1585.3521486

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