Paramount Concepts Ltd. plans to grow from $1.6 million in sales this year to $5 million by 2004, all with injection molded plastic parts for heating, ventilation and air conditioning.
The Springboro, Ohio-based firm has developed two patent-pending products for residential use that officials say represent innovations in the home construction market.
Partners Michael Pratt and Andy Botting commercially launched the ``H'' and ``J'' in April. The two products are named for the letters they resemble. Paramount outsources the molding to LK Industry Inc. in Versailles, Ohio. Pratt said Paramount has no intention of doing the molding itself.
So far, business is skyrocketing.
``Since April, we've sold thousands. We've tripled sales every month,'' said Pratt, who left an executive post with document management firm Standard Register. ``People are pretty set in their ways and resistant to change, but once folks start trying them, they use them faster. We think we can save the construction industry $1 billion a year, just on the time and material the products would save.''
Here's how they're used:
The Paramount H is used to install heating, venting and air conditioning registers, holding register boots and covers, Pratt said. The boot is the component inside the register that connects to the air duct. Before, installers cut and fastened pieces of sheet metal or wood to form a box-shaped component to hold the boot in place.
``They would spend 10-20 minutes to build the frame to put the boot in place,'' Pratt said. With the H product, they can perform the same task in about 40 seconds.
``It's extremely fast and easy, but it improves quality, too,'' Pratt said by telephone July 26. ``It's durable. There's no rust, no condensation, no noise, and it won't cut the contractor like a sheet-metal product would.''
The product is molded from polystyrene on a 230-ton press.
The Paramount J hanger is used to support flexible ducts as large as 10 inches in diameter, officials said. The polypropylene apparatus is intended to replace the nylon belt that typically supports flexible ducts. LK molds the part on a 500-ton press.
``We don't want something that's going to be a commodity,'' Pratt said. ``The strategic plan is to look for applications where we can develop innovative plastic molded products that offer substantial cost savings.''
Paramount is developing other products for HVAC applications. Officials are looking at hiring sales representatives in the Sun Belt states after launching the product in Ohio and Indianapolis.