Applied Engineering Products, 411 W. 400 South, has purchased and refurbished a 66,000 square-foot building at 404 W. 400 South in which it will produce a closed circuit television security dome system for which it recently received a patent.
The patent is the first to be approved on a closed circuit television security dome system since 1931, company officials said.The new building also will house another arm of the company, YES Trading, a garment manufacturer specializing in 100 percent cotton clothing like T-shirts, sweatshirts and ladies clothing made of heavy jersey fabric. The company imports, exports and sells its products to imprinters and wholesale companies.
Funding for purchase and refurbishing of the building was provided by Deseret Certified Development Co., the authorized distributor of Small Business Administration 504 loans.
Robert Edminster, loan officer for DCDC, said Applied Engineering is a progressive company and he is pleased that his agency, along with Zions First National Bank, provided the money that makes it possible for the company to expand and add 20 more jobs.
Applied Engineering was started in January 1960 by Ken Struhs, a physics and mathematics major from the University of Utah, who previously worked at North American Rockwell in missile development where he received patents for flight control devices.
His son Patrick is vice president of YES Trading; son Mark is vice president of marketing, and son Michael is secretary/treasurer.
Struhs said his long-term goal is to separate YES Trading from Applied Engineering into two companies and increase sales from $3.5 million to $20 million annually.