New Product Innovation
BREAKING THROUGH TO NEW BUSINESS
Innovation is a core part of our culture at MTI, and we continue to develop new products to meet our customers' needs. We have built a product development portfolio with the potential to deliver significant future value. For perspective, we commercialized 81 new products over the last five years, which generated approximately $130 million in revenue in 2017, and which have an expectation to deliver revenue of approximately $300 million when fully realized. We will continue to drive innovation across the Company and apply a lean approach to speed the development and introduction of new products.