Interview: Ted Day, CEO, Mo-Sci Corp
We were given the opportunity to talk to CEO of Mo-Sci, Ted Day and pick his brains about his role, bioactive glasses and new trends in the industry.
Ted is a clinical pharmacist who had no previous manufacturing or industrial experience prior to coming to Mo-Sci. He has audited all the ceramic engineering courses offered at MS&T to better understand the nature of the industry besides just the business side. Providing solutions for companies needing niche products gives Mo-Sci the opportunity to work with a wide array of companies in almost every industry space.
Please tell us about your current role. What are your key focus areas and responsibilities?
Currently I serve as the CEO/owner of the company. My key focus areas are identifying our current market situation and positioning ourselves for continued growth and innovation. Strategic planning and execution are my main responsibilities.
What inspired you to join/start this company?
My father started the company in 1985 and I joined it in 1998. I purchased it from the rest of the family in 2007 and have since started 11 additional companies, some under the Mo-Sci name and some not. My main interests in joining the company were its healthcare products and the innovation going on in those areas.
What do you think sets your company apart from your competitors?
Mo-Sci strives to continue to innovate products based on the need from our customers. We don’t seek to create new markets, but rather to identify unmet needs that already exist and develop solutions for those needs. We also strive to deliver the best customer experience we can.
What are the key opportunities and challenges your company faces at present?
Key opportunities include continued innovation to provide customer/product-based solutions that aren’t being addressed by others. Challenges include remaining a viable small business in the face of larger companies beginning to notice your success and taking an interest in your existing markets.
Are there any new technology developments that you are working on at the moment? Can you tell us about them?
There are two areas that are extremely active. One is power generation and storage and the other is in bioactive glasses. The need for new power generation systems such as solid oxide fuel cells creates the need for materials (sealing glasses) that allow for the performance (lifecycle time) needed to make the technology economical. Bioactive glasses continue to be a large part of our total product portfolio, and new applications (wound care/pharmaceuticals/coatings) are making them even more important.
What would you say most excites you about your role?
Being at the leading edge of new technology development and growing the company to new levels.
How do you think the industry will develop within the next five years? Can you tell us about the key trends emerging?
I think the industry will be stable with some continued consolidation or acquisitions occurring to fill specific capability areas. Trends will continue to be product miniaturization and increased performance of existing materials.
What do you hope to achieve at the show next year, and what connections do you hope to make?
Connectivity. As a small business we continue to work on letting companies know who we are and what our capabilities are. This show has provided that connectivity in multiple areas in the past.
Mo-Sci Corporation will exhibit at Ceramics Expo 2018 on Booth 218.