A Northeastern Pennsylvania developer and manufacturer of miniature solid-state lasers, OEM modules, laser flashlights and high-power, room-temperature and cryogenic solid-state lasers experienced severe cash flow issues while waiting for government contracts to materialize. The company contacted SEWN to assist with several other related issues as well.
SEWN's layoff aversion program helped the company to locate a new investor. A complete operational review revealed several areas in which the company could greatly reduce its overhead expenses. SEWN also assisted the company in securing bridge financing to keep its operations viable until the government contracts were finalized.
All of these actions restored the company's health, enabling it to continue operations with its other clients while the government contracts are in process.