[R-390] Message from EAC Chair, 1962

[Tom M.]

As appeared in the Red Bank Register
A report
to
Monmouth County
* * * * * *
• January 5, 1962
To Our Friends and Neighbors of Monmouth County: •
Directors, executives and employees of the Electronic Assistance Corporation welcome the
opportunity provided by this Industrial and Business Review of the Red Bank Register lo greet
you, to wish you a prosperous New Year and to acquaint you with activities and developments
of our company.
As many of you know, we came to Red Bank immediately after our firm was organized in
June of 1958.
Our initial work force numbered 10. Today, our weekly payroll covers 250 men and women.
In 1959, our first full year of operation, we put over $1,500,000 into the economy of this
region—by way of payroll, taxes, and the purchase of materials and supplies from nearby
firms. In 1961 this figure reached nearly $3,000,000.
. When we started operations, we manufactured telephone hand sets, radar altimeters,
dummy loads, ultrasonic beer foamers, and communications equipment. In 1961, this list had
grown to include ultrasonic air eliminators for soft drinks, ultrasonic cleaning tanks, radio
receivers, airborne navigation equipment, airborne command receivers, telephone-telegraph
converters; and pulse rate counters.
As we entered 1959, our backlog of orders-work waiting to be done in Red Bank-stood
at $5,375,000. Today, as we enter 1962, orders on our books total nearly $7,000,000. We expect
that our sales this year will be over $8,000,000, What's more, we expect that at least 25 per
cent of these sales will be for commercial products, whereas our sales until recently have
been better than 95 per cent military.
During 1960, three events took place elsewhere in our company which have been, and
will continue lo be, helpful to Red Bank. We established EAC International to do business
in Europe. Through its efforts, we are now carrying out orders in excess of $2,000,000 from the
North Atlantic Treaty Organization. Our Systems Engineering Division, which is located at
Dexter, Michigan, worked so successfully with engineers of the Coca-Cola Company that
"Sonaire," our ultrasonic air eliminating equipment, is now available for the great, worldwide
soft drink industry as well as breweries. All of these devices will be built in Red Bank. Our
purchase this Fall of the Industrial Instruments Division of Specialties, Inc., not only put us
into a new field—electromechanics—but also brought us a wealth of scientific and engineering
ability.
We look forward to further sound growth during the next twelve months and wish the same
good fortune for other enterprises in the county.
Sincerely,
Robert Edwards