By year’s end, engineering design company Oat Foundry will leave its Bensalem hub and settle into a new 5,100-square-feet hub in Bridesburg.
The new River Wards space, located inside the Frankford Arsenal redevelopment is about four times the size of the company’s current location. Why the growth spurt? Oat Foundry’s flashy split-flap signs are in hot demand, CEO Mark Kuhn said, and they’re in need of more space to deliver on international orders.
“We’re so excited,” said Kuhn, a Drexel University grad, who projects the company’s headcount will grow from its current standing of 20 (in a mix of full-timers, part-timers and Drexel co-ops) to about 25 throughout 2019.
The company hasn’t taken on any venture capital to date, but has relied on revenue from its app-controlled split flap signs — at use inside Honeygrow, Starbucks and Chicago’s Wrigley Field — to fuel the expansion.
“That, and the projects we’re producing on the engineering side led us to run out of space in Bensalem,” Kuhn told Technical.ly.