PRODUCT DEVELOPMENT SYSTEMS
Business: Rapid prototype manufacturer specializes in computer-controlled machining and production of custom, complex prototypes and parts. Also offers painting, assembly and other services.
Founded: 2000
Headquarters: Blaine
Website: www.1pds.com
Employees: 45
Executives: Mike Boster, co-owner and president; Dave Reasor, co-owner and manager of business development
2011 revenue: approaching $10 million
Strategy: Expand automation to take on higher-volume production, offer additional assembly services.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for May delivery rose 41 cents to $83.14 per barrel Friday. Brent crude for June delivery rose 18 cents to $87.29 per barrel.
Nation
Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations
A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 ''egregious'' violations of Iran sanctions, the U.S. Treasury announced on Friday.
Business
Biden administration moves to make conservation an equal to industry on US lands
The Biden administration on Thursday finalized a new rule for public land management that's meant to put conservation on more equal footing with oil drilling, grazing and other extractive industries on vast government-owned properties.
Business
Stock market today: Wall Street limps toward its longest weekly losing streak since September
Wall Street's latest losing week looks to be coming to a relatively quiet close on Friday.
Business
Bill that could ban TikTok has been attached to the House foreign aid package. What next?
The House has renewed its push on legislation that would ban TikTok if its Beijing-based parent company doesn't divest from the popular social media platform, escalating the fight over the hot-button issue.
