Custom Processing Services, Inc. has been named a winner of the Northeastern Pennsylvania Innovation Awards by The Ben Franklin Technology Partners (BFTP) of Northeastern Pennsylvania.
Awards will be presented to six recipients, companies or individuals who have achieved business success through Ben Franklin funding and assistance, have helped others to achieve success, or have improved their businesses through innovation. Each award recipient exemplifies outstanding achievement in that particular category.
Custom Processing Services is honored for its Innovative Application of Technology – a company that strongly demonstrates a “break-the-mold” approach to integrating new or existing technology into its business.
Founded by Gregory J. Shemanski, President, and Jeffrey A. Klinger, Vice President, Custom Processing Services (CPS) reduces larger particles into ultra-fine and nano-sized particles for chemicals, polymers, pigments, pharmaceuticals, and other applications. CPS has earned successive Ben Franklin investments, first as an early-stage firm and then as an established manufacturer, in work ranging from refining the business plan to substantial process and energy improvements. The company has three manufacturing facilities in Greater Reading, the newest of which is for food-grade and pharmaceutical processing. A new warehouse at CPS’s East Greenville facility allows enhanced material handling and storage capabilities. The company constantly innovates to develop creative solutions to meet client needs. The firm can now perform contract manufacturing on-site at clients’ plants. Since its inception, CPS has achieved double-digit revenue growth each year. The company now employs 138 and plans to expand its workforce by 50.
BFTP Innovation Award winners will be honored at the Ben Franklin iXchange event, on Tuesday, May 17, 5:00 PM, at the Zoellner Arts Center, Lehigh University, Bethlehem, PA.
The purposes of the innovation awards are to congratulate winners on their success and achievement, to highlight the effectiveness of the Ben Franklin program, and to inform entrepreneurs and established manufacturers about the resources that are available to them in northeastern Pennsylvania.