Intelligent Product Solutions (IPS) Again Named Among 50 Fastest Growing Companies

HAUPPAUGE, N.Y. - Oct. 14, 2014 - PRLog -- For the second consecutive year, Intelligent Product Solutions (www.intelligentproductsolutions.com), a leading product design and engineering consultancy that pioneered an end-to-end product development model of integrating the full spectrum of design and engineering services as a single source, has been recognized by Crain’s as one of the New York area’s 50 fastest growing companies.

With three-year growth of 218%, IPS ranked 43rd in the annual review by Crain’s New York of privately held or publicly traded companies with the largest percentages of revenue growth.

“Our rapid and sustained growth in the industry has been built on strong relationships with our clients, who trust the depth and breadth of experience IPS offers throughout every stage of product design and development, from concept to completion,” said Mitch Maiman, CEO and co-founder of the consultancy firm.

“The fully-integrated IPS approach of ‘productization’ identifies product requirements for entrepreneurs and innovators in the earliest stages of development, smoothing the transition from phase to phase and enhancing speed-to-market of successful, user-focused products,” added COO and Co-Founder Paul Severino.

Founded on Long Island in 2008, IPS moved to larger, consolidated headquarters in Hauppauge, NY in 2014, and established a second location in Seattle, WA. The company has consistently grown from a start-up of three to a professional staff of over 100 seasoned industrial designers, engineers (systems, software, electrical, optical and mechanical), program managers, and User Experience/Interface designers who work with manufacturers across a wide range of industries, including wearable technology, medical devices, consumer electronics, enterprise solutions, defense contractors, and emerging technologies. Its annual revenue exceeds $13 million.

During 2014 IPS entered partnership agreements for design and engineering services with Applied DNA Sciences (Stony Brook, NY) and Physio-Control (Redmond, WA), among others, and has won prestigious design awards, including the A’Design Gold Award from A’Design Organization (Italy) and the Good Design Award from the Chicago Athenaeum Museum of Architecture and Design.

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