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October 22, 2018 Family Business Awards 2018

Triax Technologies Inc.

Tom Ludorf, director of field engineering at Triax Technologies, on-site in New York City, testing Spot-r feature updates and expansions.

2nd Place — 25 to 75 full-time employees

Triax Technologies Inc.

Headquarters: Norwalk

Industry: Technology

Year Founded: 2012

Founders: Dale and Chad Hollingsworth

Generation Currently Running Company: 2nd

No. of Full-Time Employees: 38

No. of Part-Time Employees: N/A

Family Members Currently Employed at Company: Dale Hollingsworth, Co-founder and Executive Chairman, father; Chad Hollingsworth, Co-founder and Chief Executive Officer, son; Thomas Hollingsworth, Strategic Account Manager, son.

Website: www.triaxtec.com/workersafety

Triax Technologies Inc. develops and delivers IoT technology for the construction industry. Its Spot-r system provides real-time worker and equipment location, utilization and safety data resulting in faster response to injuries and improved worksite performance.

Recent accomplishments

Since launching in May 2017, Triax has expanded the Spot-r system's offering to include the Spot-r EquipTag and Spot-r EvacTag. The Spot-r EquipTag identifies real-time equipment location, utilization, and operator identity and certification indoors and outdoors within the Spot-r network and was named one of Contractor's “Top 50 New Products.” The company has also partnered with industry leaders such as Bosch and United Rentals to extend the reach and value of Spot-r data.

How do you remain competitive in the market?

As technology continues to advance and more solutions hit the market, it's essential to view customers as partners and involve them in the product-development process early and often. Companies must experience their solution in the field and work with actual end users (e.g. workers at the jobsite) to understand how products are being used and identify unexpected benefits or pain points to stay ahead of customers' needs.

In addition, it's important to have a solid mission and ensure that everyone at the organization believes in it and is constantly working toward it. At Triax, there is no greater priority than ensuring that every worker returns home safely at the end of the day.

How do you instill your family values in your employees?

The company's core values, like the founders' family values, include a commitment to encouraging individual initiative, projecting a positive attitude and embracing a collaborative environment. From the co-founders through the current leadership team, the organization believes it is possible to work hard, have fun, and do good, which is supported through a flexible work environment, open floor plan, and regular communication amongst team members. Triax hires driven, passionate individuals and gives them the trust — and freedom — to question the status quo to improve processes and outcomes.

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