Profile: MTS Systems Corp (MTSC.O)
16 Mar 2018
MTS Systems Corporation, incorporated on September 12, 1966, is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing equipment, systems and services. The Test segment serves various markets, including the ground vehicles, materials and structures. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications. The Company's Sensors Segment serves markets, including industrial machinery, mobile hydraulics and liquid level. The Company has its manufacturing facilities in North America, Europe and Asia.
The Test segment provides testing solutions, including hardware, software and services. The testing solutions are used by customers in the development of their products to characterize the product's mechanical properties. A typical test system includes a reaction frame to hold the prototype specimen, a hydraulic pump or electro-mechanical power source, piston actuators to create the force or motion and a computer controller with specialized software to coordinate the actuator movement and record and manipulate results. In addition to these basic components, it sells a range of accessories and spare parts. It also provides various service offerings, including calibration, maintenance, training and consulting.
The Company offers test products to ground vehicles markets, which include automobile, truck, motorcycle, motorsports vehicles, construction equipment, agricultural equipment, rail, and off-road vehicle manufacturers and their suppliers. Its products are used to measure and simulate solutions to assess durability, vehicle dynamics and aerodynamics of vehicles, sub-systems and components. Its ground vehicle products include road simulators for durability simulation; tire performance and rolling resistance measurement systems; moving road-plane systems and balances for aerodynamic measurements in wind tunnels, and service to maintain the equipment and maximize the life of the product.
The Company covers various industries in materials market, including power generation, aerospace, geo-mechanical and bio-medical. Its products and services support customers in the research and development of products through the physical characterization of material properties, such as ceramics, composites and steel. Bio-medical applications include systems to test durability and performance of implants, prostheses, and other medical and dental materials and devices. Its structures market serves the structural testing needs and service in the fields of aerospace, wind energy, oil and gas, and structural engineering, among others. The Company helps aerospace structural testing market, which includes manufacturers of commercial, military, and private aircraft and their suppliers that use its products, systems and software to perform static and fatigue testing of fix-winged aircraft, helicopters and space vehicles.
The Company offers products to wind energy market, which consists of wind turbine manufacturers and their component suppliers. Systems for structural engineering include high force static and dynamic testing, as well as seismic simulation tables used around the world to test the design of structures, such as bridges and buildings, and to help governments establish building codes. Structural engineering customers include construction companies, government agencies, universities and the manufacturers of building materials.
The Sensors segment's products are used by industrial machinery and mobile equipment manufacturers to automate the operation of their products for safety and end user productivity. Its customer industries include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment and energy. Its products are also used to measure fluid displacement, such as liquid levels for customers in the process industries. The Sensors segment manufactures products utilizing magnetostriction technology. The Company's technology, Temposonics, offers non-contact position sensing.
The Company offers sensors to the industrial machinery markets, which include a range of industrial machinery original equipment manufacturers (OEMs) and their end-use customers with applications in various areas of manufacturing, including plastics, steel, wood and other forms of factory automation. Its Temposonics sensors provide position feedback for motion control systems. It offers products for mobile hydraulics markets, which include mobile equipment OEMs with applications in construction, agriculture, material handling, mining and other heavy vehicle markets. Its liquid level market includes a range of liquid level storage tank applications in oil and gas, chemical processing, food and beverage and pharmaceutical companies. Its technology provides measurements over long distances (tanks up to 70 feet long).
MTS Systems Corp
14000 Technology Dr
EDEN PRAIRIE MN 55344-2290