Pressure Systems International reports record sales through third quarter

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Pressure Systems International, manufacturer of the Meritor Tire Inflation System by PSI, has reported record sales through the third quarter of 2010. PSI says MTIS with ThermAlert, a patented wheel-end heat-sensing warning device available with MTIS, now accounts for 41 percent of its production. The company says overall 2010 sales have increased 198 percent since 2009 with domestic sales to trailer manufacturers continuing to increase.

A significant portion of PSI’s sales in 2010 are for existing trailer retrofits, says Debra Moore, regional sales manager for PSI “The more trailers outfitted with MTIS, the more savings a fleet can realize through better fuel economy and improved tire wear,” Moore says. “Retrofitting MTIS to existing trailers is very simple and an economical way to realize those savings.” PSI sales through September do not include an order for 10,000 retrofit kits received from a major fleet late in the third quarter, Moore says.

While many companies were cutting back manufacturing capacity in light of the poor industry forecasts for 2010, PSI says it maintained its ability to fill orders quickly, including increasing inventory levels. “Our sales team told us last December to be ready for an increase in sales,” says Mike McIver, vice president of production. “Through our lean manufacturing practices and the added inventory, we have been able to keep up with the volumes and have not made a late shipment to date.”