Medical Design & Manufacturing West Recap

Recently Matt Keats from Keats Southwest took a trip out to Anaheim for this year’s Medical Design & Manufacturing West Exposition andConference. The MD&M show is a comprehensive resource for every aspect of the medical device industry. It gathers medtech professionals and leading medical OEM suppliers together all in one convenient location. Gatherings like this have become even more important, because in recent years the size and scope of the medical device industry has exploded. In 2011 alone, the top 5 manufacturers earned an astronomical $85 billion and this number is only going to increase as the world’s population grows and grays. 

At this year’s MD&M West, our booth was less about highlighting any one product and more about letting the medical device industry know that we are experts when it comes to dealing with their smallest, most exacting and delicate metal stamping, wireform, and assembly needs. Our industry-leading four slide and multi-slide capabilities, which we offer at both our Illinois and El Paso locations, are a perfect fit for the world of medical devices. 

One important thing Matt noticed during his time in Anaheim is that many medtech professionals are not completely aware of the wide-ranging capabilities of modern metal stamping.  In many cases, innovative devices are being held back by this lack of knowledge. Therefore, one of Matt’s biggest challenges at this year’s MD&M West was to spread the word about what Keats can do to help turn groundbreaking ideas into lifesaving devices. 

We are happy to report that his year’s MD&M was a smashing success! Both from his spot behind the table at Booth 1568 and while meeting and greeting, Matt was able to both disseminate our capabilities and make some amazing connections. We truly believe that Matt’s successful trip will allow Keats to play an even bigger role in the future of the medical device industry.

More Medical Devices, Less Red Tape

The FDA recently announced that they have reached a tentative user fee deal with the $105.8 billion U.S. medical device industry. The deal allows the FDA to collect around $500 million from the various companies over the next five years. In return, for this near doubling of fees, companies - and in turn patients - will benefit from a faster and more transparent review process.

While this might not seem like front-page news to most people, it is to us. The U.S. medical device market is the world’s largest. As a country, we spend $339 per person, per year on medical devices. America is home to 7 out of 10 of the world’s largest manufacturers including Johnson & Johnson, General Electric, Baxter, Covidien and Medtronic. A faster and more streamlined approval process means more medical devices getting a green light for production.

At Keats, we specialize in the kind of small metal stampings, wireforms, and assemblies that are crucial to making exacting medical devices.  We recently designed and built over 3,000,000 wire links for a leading medical device maker.   The Florida-based medical device maker came to Keats because they needed their medical device parts to be durable, consistent, and exacting. It’s not the kind of component you want made by just anyone. You might even say it’s a matter a life and death.

Many of these devices play critical roles in keeping people alive and well. Because of this, the quality control experts at Keats go to extraordinary length to make sure that nothing leaves our facilities before it is subjected to rigorous inspection and testing.   

Over the next few months, we’ll do our best to keep you informed about how the FDA’s faster review process will directly affect our industry and most importantly, you and your loved ones.

Keats and Autodesk: a winning and innovative team

At Keats, we make some of the most intricate custom small metal stampings, wire forms, and assemblies around.  At all three of our locations, we are proud to bring our customers high-quality services and excellent design capabilities.  Unlike some of our competitors, Keats engineers all of our own dies and tools. This kind of customization allows us to guarantee our clients the tightest tolerances and a consistently high level of quality. In order to bring our clients this amount of technical expertise, we use the best tools available. In the case of designing and engineering, no tool is more helpful than Autodesk’s AutoCAD software.

Autodesk is a proud American company that makes the world’s leading 2D and 3D CAD (computer-aided design) software. Much like Keats, Autodesk is an industry leader in their field, and they are committed to innovation, customer service, and cost competitiveness.  Every year Autodesk releases a new, more advanced, and user-friendly version of their award winning software.  Like Keats, they never rest on their past achievements. They know that you build long-term relationships by keeping your customers happy and always being ahead of the curve.  To top it all off, they were recently included in CNBC.com’s list of 15 companies with zero debt. Not many companies can say that these days.  It’s a sign that like Keats, Autodesk is committed to fiscal responsibility without sacrificing innovation and customer service. 

If you want to learn more about how we utilize Autodesk’s AutoCAD software to custom engineer our tools and dies, check out our website or give one of our design experts a call today.

U.S. and European Steel Prices

If your company relies on a steady supply of steel, you are probably quite aware that the price of U.S. benchmark hot-rolled coil steel recently hit a two-year high of $783 a ton. At the same time, European steel prices have fallen, leaving a $128-a-ton gap between the two regions. That’s both good and bad news. Good, because the improvement in prices on this side of the Atlantic means that manufacturers and suppliers are responding to some very welcomed, upbeat economic data, like a drop in new unemployment claims, a rise in the ISM purchasing managers’ index, and the highest steel mill production since the beginning of the financial crisis.

It’s bad news because higher prices for raw materials all too often do need to be dispersed between manufacturer and customer. Also, the slew of negative European economic factors equals lower overseas demand and sales.

Because we’re a company built on long-term relationships, we just want to let you know that we’re doing everything we can to control costs so you don’t feel the pinch. If your prices do increase, we want you to know why. As a trusted vendor of high-quality steel stampings, wire, and assemblies, we watch the trends and pricing forecasts closely to stay competitive and cost-effective for our customers.

With this in mind, Keats wants to promise everyone that we will make every effort to keep you informed about any price fluctuations that might affect your bottom line.

Prices rise and prices fall, but just know that our quality and commitment to you, the customer, will always remain high.

An EcoBoost for the Environment

There has been a great deal of talk about the future of alternative fuels. From electric to natural gas to hybrids, it often seems that the auto industry is only focused on moving away from fossil fuels and combustion engines. But in fact that is not really the case. Major auto makers like Ford know that while alternative energies heavily influence today’s automotive landscape, the near future is going to demand traditional combustion engines with increased fuel efficiency. In fact, federally-mandated CAFE (Corperate Average Fuel Economy) standards for small passenger cars will increase from today’s 36 MPG to 61 MPG in 2025. Therefore, industry leaders like Ford will need to find a way to make a 100-year-old product nearly twice as efficient in just 13 years. 

To reach these goals and still make cars and trucks that people want to drive – and can afford - Ford has designed a new line of engine, dubbed the EcoBoost.  These exciting new engines help boost fuel efficiency by shrinking the size of the internal components – while increasing performance through a combination of improved fuel injection and turbocharger technology. 

At Keats we know we are going to play a large role in this push for greater fuel efficiency. We recently designed and built a new fuelinjection steel shield that is used in modern, fuel efficient combustion engines. We’ve used four-slide and multi-slide stamping to manufacture 3,000,000 of these custom cold rolled steel shields, which were created to help all companies at the forefront of automotive manufacturing reach their lofty fuel management goals. Because we are already at the center of this burgeoning designing and manufacturing movement, Keats is well positioned to take full advantage of the next 20 years in automotive innovation and change.

Metal Stampings and Hearing Aids

With great strides in recent years, hearing aids are becoming just as technologically advanced as other electronics, like LED TVs or iPads. So maybe you can’t play Words With Friends on a hearing aid. Yet.  But the newest crop of audio assistance devices on the market do their best to achieve an unprecedented level of integration with those types of devices, and more. We take a look at those products, and some other interesting industry news, in this week’s blog.

Bluetooth support: As a cursory glance at this listof articles proves, this is one of the hottest trends in hear aids today. Bluetooth-enabled hearing aids combine the best of all worlds: environmental audio amplification, along with audio feeds from your cell phone, music player, television, and more, directly into your ear, through the device – with no wires. Fears of frequency interference and tangled connections are a thing of the past, and no longer do hearing aids need to be switched out for earphones or headsets. Truly a breakthrough in convenience and assistance for all hearing aid users.

Attractive asthetics: This hearing aid  combines a stylish look with an incredibly useful visual feedback feature. Bucking the trend of smaller and smaller assistance devices, this one is meant to be seen.  With the appearance of an earring, the hearing aid also features a small LCD-type screen that displays a green, yellow, red, or blue wavelength symbol to indicate whether a speaker is too loud, too soft, too fast, or just right. In the concept stage right now, this one would certainly make a useful addition to the hearing aid market.

Solar power: Seeking to address a community which otherwise might not have access to hearing aids, the inventor and associates described in this piece developed battery-free devices, operated through solar power. As of now, 20,000 people in 30 countries have benefitted from this combination of ingenuity and generosity, with more nations on tap.

As metal stamping experts with exactly the type of fine-precision capabilities to produce hearing aid components, we look forward to the opportunity to be part of such useful and innovative technologies. Visit our site for more information.

A Mission Statement for Manufacturing’s Future

Maybe some real talk is just what is needed to keep manufacturing on the right path in the near and distant future. As close observers of news throughout the industry, beyond just our core of precision metal stamping, we’re well aware of the obstacles facing manufacturers in the U.S. and abroad. Throughout these tough times, though, our optimism has been fed by the fact that the issues are being addressed head on. Too often, hindsight provides the answers when it’s already too late. In manufacturing, industry leaders are aware of these problems – and have a plan to fix them.

Nowhere, perhaps, have the sticking points been addressed more directly or cohesively than in former National Association of Manufacturers President Jerry Jasinowski’s piece on a proposed agenda for manufacturing. Beyond the familiar topics of the U.S. technical skills gap and the need for favorable trade agreements, Jasinowski takes a proactive approach to two other areas. Technology innovation has not often been seen as a weak area for the U.S., but he suggests a closer look in the rear-view mirror to maintain our dominance as research and development experts. Additionally, he calls for a unified, favorable, and common-sense tax plan to foster development and production here in the U.S. No arguments on any of his points here – at Keats, we’re committed, through our partnerships and our production, to the continued success of the industry.