Author: workingdog

Stratosphere Quality Announces Expansion

Stratosphere Quality, a global provider of quality assurance and outsourcing solutions to manufacturers, announced plans today to expand its headquarters in Hamilton County, creating up to 250 new jobs by 2020.

“Across the state, companies like Stratosphere are making Indiana a great place to work and live,” Governor Eric J. Holcomb said. “It’s exciting to see companies benefit from our low-tax climate and skilled workforce. We will take Indiana to the next level by continuing to develop a diverse economy that meets the demands of the 21st century.”

The company will invest $3.7 million to update its 46,000-square-foot headquarters at 12024 Exit Five Parkway in Fishers. As part of its update, Stratosphere Quality will add additional break rooms, enhance office space and increase employee training opportunities to accommodate its growing team. Stratosphere Quality anticipates continued growth rates of more than 10 percent per year, and must expand its operations to meet the increased demand. Between 2012 and 2015, the company grew its revenue by 40 percent, generating annual revenues exceeding $100 million.

This is Stratosphere Quality’s second major expansion announcement in recent years. In 2012, the company announced plans to invest $2.6 million into its Fishers headquarters and grow its headcount. The company exceeded its hiring goal and currently employs nearly 600 Hoosiers as part of its team of over 2,200 associates across North America. With plans to add 250 new Hoosier jobs, Stratosphere Quality will continue hiring for quality inspectors, team leaders and supervisors throughout the year. Interested applicants may apply online.

“Indiana is a great place for a growing company, and is home to a friendly business environment with a good pool of talented workers,” said Tom Gray, chief executive officer of Stratosphere Quality. “Our employees have played a large role in our success and growth as a company. Our hiring and training practices are the fundamentals of excellent service delivery to our customers and we have sincerely appreciated the state’s assistance with our efforts.” Founded in 2009, Stratosphere Quality is the largest global provider of quality assurance and outsourcing solutions to manufacturers of parts and components in the automotive, medical device and large equipment industries. The company, which has been on the Inc. 5000 List of America’s Fastest-Growing Companies for the past four years, helps suppliers and original equipment manufacturers (OEMs) identify the root cause of quality problems, minimize defects, improve quality, increase efficiency and reduce costs associated with quality issues. Stratosphere Quality serves manufacturers in the U.S., Mexico, Canada and China.

The Indiana Economic Development Corporation (IEDC) offered Stratosphere Quality LLC up to $800,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The City of Fishers supports the project.

“Stratosphere’s growth demonstrates the positive impact their service has on companies around the globe, but it’s their impact on Fishers that makes them a great asset, both as a business and as community partners,” said Fishers Mayor Scott Fadness. “The commitment to community keeps Fishers vibrant and growing, and I’m happy to see Stratosphere continue their growth trajectory in our city.”

Stratosphere Quality’s growth plans continue a trend of companies choosing to expand and add new jobs across the state. Indiana’s unemployment rate is at 4.1 percent, which is below the national average and below all of Indiana’s neighboring states. As a service provider to manufacturers across the state, Stratosphere Quality supports Indiana’s leading manufacturing industry, which is home to the highest concentration of manufacturing employment in the nation.

About Stratosphere Quality

Stratosphere Quality, founded in 2009, is the largest global provider of quality assurance and outsourcing solutions, including sorting and inspection services, to manufacturers of parts and components in the automotive, medical device, electronics, home appliance and recreational vehicle industries. Stratosphere Quality helps suppliers and OEMs identify the root cause of quality problems, minimize defects, improve quality, increase efficiency and reduce costs associated with quality issues. Headquartered just northeast of Indianapolis, Indiana, Stratosphere Quality has a geographic reach of 22 U.S. states, Canada, Mexico and China.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 12-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.

Growing With A Changing Auto Industry

Stratosphere Quality’s Chairman, Steve Cage, and CEO, Tom Gray, discuss their ability to grow in a competitive environment with an ever-changing automotive industry. They were recently featured in the Indianapolis Business Journal.

Inspection firm grows with changing auto industry

Steve Cage took the risky step of starting a quality-control business focused on the automotive industry near the peak of the Great Recession.

It was February 2009, and a similar company he sold to a venture capital firm in 2004, Product Action International, had suddenly ceased operations.

“They crashed it in five years, which is hard to believe,” Cage said. “It’s like riding a bike.”

Cage, 64, didn’t want his former employees to be out of work, so almost immediately he launched Stratosphere Quality, which inspects products and plant processes, ensures quality, and helps manufacturers eliminate defects.

He housed the company in a facility at 12024 Exit Five Parkway in Fishers that had been intended for his muscle car collection.

The first year, the company managed $8 million in revenue as Cage was able to snag former customers. The next year, revenue zoomed to $21 million.

Read the full article written by Lindsey Erdody at the Indiana Business Journal

Stratosphere Quality Named to Inc. 5000 Fastest-Growing Private Companies List

PRESS RELEASE August 18, 2016 Fishers, IN 46037, August 18, 2016

Stratosphere Quality CEO Tom Gray announced Stratosphere Quality has been named to the 2016 Inc. 5000 list for the fourth consecutive year. The Inc. 5000 list is a prestigious and reputable annual ranking of the fastest-growing private companies in America.

“To receive this distinction four years in a row is a true testament to the hard work and dedication of our employees and the commitment to quality our clients embrace. Our innovative approach allows us to provide the highest level of quality services to over 2,500 manufacturers across the globe,” Gray said. “We continue to grow and lead our industry in new technologies, geographic reach, standardized processes, and operational excellence.”

As the leading provider of quality assurance and quality control solutions to manufacturers in the United States, Canada, Mexico and China, Stratosphere Quality grew revenue 40% between 2012 and 2015, generating annual revenues exceeding 100 million. This outstanding performance earned Stratosphere Quality their fourth year ranking—and continues to compound through precise management and focus on expansion.

About Stratosphere Quality
Stratosphere Quality, founded in 2009, is the largest global provider of quality assurance and outsourcing solutions, including sorting and inspection services, to manufacturers of parts and components in the automotive, medical device, electronics, home appliance and recreational vehicle industries. Stratosphere Quality helps suppliers and OEMs identify the root cause of quality problems, minimize defects, improve quality, increase efficiency and reduce costs associated with quality issues. Headquartered just northeast of Indianapolis, Indiana, Stratosphere Quality has a geographic reach of 20 US states, Canada, Mexico and China.

About Inc. 5000 Inc.
is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. Complete results of the Inc. 5000 — including how the companies were chosen, company profiles and an interactive database that can be sorted by industry, region and other criteria — can be found at http://www.inc.com/inc5000/list/2016/

Stratosphere Quality to Partner with SPM as Associate Sponsor

Stratosphere Quality is proud to become an Associate Sponsor for Schmidt Peterson Motorsports and James Hinchcliffe at the upcoming Honda Indy 200 Mid-Ohio race on July 31, 2016.

Stratosphere Quality is the largest global provider of quality assurance and outsourcing solutions to manufacturers of parts and components in the automotive, medical device and large equipment industry. Stratosphere’s broad geographic footprint in the United States, Canada, Mexico and China allows the company to mobilize complete teams immediately.

“As a lifelong fan of open wheel racing, I am excited and honored to be a partner with Schmidt Peterson Motorsports and James Hinchcliffe at the Honda Indy 200 Mid-Ohio race,” said Steve Cage, Chairman of Stratosphere Quality. “Having recently sponsored the team and Hinchcliffe in the 100th running of the Indianapolis 500, we really enjoyed the partnership and wanted to expand the relationship, especially in a state where we employ so many individuals and work with quite a few clients.”

Tom Gray, Chief Executive Officer of Stratosphere Quality, said, “As the leading provider of quality assurance solutions, Stratosphere Quality is proud to be sponsoring Hinch and Schmidt Peterson Motorsports. We share a laser-sharp focus on people and performance to achieve high-quality outcomes. There is no doubt that all those who have worked tirelessly to prepare for Sunday will have an outstanding race. We are thrilled to be a part of it.”

SPM team co-owner Sam Schmidt added, “I met Steve Cage about two months ago and felt there was an instant connection. Not only do we share a passion for muscle cars and racing, but his company is a perfect fit for our SPM partner platform. I know we will increase business and have fun in the process. What could be better?”

About Schmidt Peterson Motorsports Schmidt Peterson Motorsports (SPM) was established in 2001 and is owned by former IndyCar driver Sam Schmidt and Canadian businessman Ric Peterson. Schmidt was paralyzed (quad) in 2000 after an accident during testing at Walt Disney World Speedway in Orlando, Fla. SPM fields cars in the Verizon IndyCar Series, including the Indianapolis 500, and the Indy Lights Series presented by Cooper Tires. SPM is the most successful team in Indy Lights Series history with sixty-five race wins and seven championships. In addition, SPM won the coveted Indianapolis 500 pole position in 2011 for the 100th anniversary and 2016 for the 100th running, and has won five Verizon IndyCar Series races between 2013 and 2015.

Tips for Workplace Safety Shared Throughout June

Stratosphere Quality is committed to safety as a top priority both onsite and offsite at our client locations.  To us, every month is safety month, however, the month of June is recognized specifically in the United States for workplace safety.  Over the course of the month, Stratosphere Quality shared ongoing workplace safety tips on our social media.  If you didn’t see them, or are not following us (we would love for you to follow us on facebook ) we compiled some of the best tips shared, and some great websites that provide up-to-date safety tips, training and tools.

Workplace Safety Tip: ‪Ensure a clear and easy route to emergency exits and equipment.‎

Workplace Safety Tip: When in doubt, contact your supervisor or manager for instruction, guidance, or training!

Workplace Safety Tip: Be alert to hazards that could affect anyone— not just yourself. Maintain a team mentality at all times!

For more safety tips and tools, head over to: complianceandsafety.com or check out 4 Ways to Improve Workplace Safety. Finally, check out the National Safety Council

Stratosphere Quality to Partner with Schmidt Peterson Motorsports as Associate Sponsor

Hinchcliffe-poster-webSchmidt Peterson Motorsports (SPM) announced today that Stratosphere Quality will be an associate sponsor on the No. 5 car, driven by pole sitter James Hinchcliffe, for the 100th Running of the Indianapolis 500.

Stratosphere Quality is the largest global provider of quality assurance and outsourcing solutions to manufacturers of parts and components in the automotive, medical device and large equipment industry. Stratosphere’s broad geographic footprint in the United States, Canada, Mexico and China allows the company to mobilize complete teams immediately.

“As a lifelong fan of the Indianapolis 500, I am excited and honored to be a partner with Schmidt Peterson Motorsports and James Hinchcliffe for the 100th running of the Greatest Spectacle in Racing,” said Steve Cage, Chairman of Stratosphere Quality. “Having attended the last 53 Indianapolis 500 races, this year will be even more special given Stratosphere Quality’s alignment with this winning team.”

Tom Gray, Chief Executive Officer of Stratosphere Quality, said, “As the leading provider of quality assurance solutions, Stratosphere Quality is proud to be sponsoring the pole sitter, Hinch and Schmidt Peterson Motorsports. We share a laser-sharp focus on people and performance to achieve high-quality outcomes. There is no doubt that the number 5 car and all those who have worked tirelessly to prepare for Sunday will have an outstanding race. We are thrilled to be a part of it.”

SPM team co-owner Sam Schmidt added, “I met Steve Cage less than two weeks ago and felt there was an instant connection. Not only do we share a passion for muscle cars and the Indy 500, but his company is a perfect fit for our SPM partner platform. I know we will increase business and have fun in the process. What could be better?”

The 100th running of the Indianapolis 500 Mile Race will take place on Sunday, May 29. Fans can get more information about the Greatest Spectacle in Racing at IndianapolisMotorSpeedway.com or catch all the action live on ABC starting at 11 a.m. ET.

About Schmidt Peterson Motorsports: Schmidt Peterson Motorsports (SPM) was established in 2001 and is owned by former IndyCar driver Sam Schmidt and Canadian businessman Ric Peterson. Schmidt was paralyzed (quad) in 2000 after an accident during testing at Walt Disney World Speedway in Orlando, Fla. SPM fields cars in the Verizon IndyCar Series, including the Indianapolis 500, and the Indy Lights Series presented by Cooper Tires. SPM is the most successful team in Indy Lights Series history with sixty-five race wins and seven championships. In addition, SPM won the coveted Indianapolis 500 pole position in 2011 for the 100th anniversary and 2016 for the 100th running, and has won five Verizon IndyCar Series races between 2013 and 2015.

Giving Back to Improve The Future

Indy 500 Give Back Grants and Stratosphere Quality’s Give-Back Culture Make a Difference

During the month of May, the Indy 500 will give away over $50,000.00 in grants to local charities that can continue to improve our communities. While the focus is the race in May, many charities are able to improve the lives of others and the world in which we live because of the generosity of the Indianapolis Host Committee for the 100th running of the Indianapolis 500.

giving back

Like the Indianapolis Motor Speedway, Stratosphere Quality embraces opportunities to give back, both financially as well as through employee volunteerism. Recently, we asked Pattie Kuhn, VP of Human Resources at Stratosphere Quality about the company’s culture of giving.

Pattie shared that Stratosphere Quality believes their employees want to make a difference and they have a sense of purpose to help the community in which they work and live. By being able to volunteer, the employees feel that they can truly make an impact.

Just recently, on April 16th, 25 Stratosphere Quality employees and their families participated in Keep Fishers Beautiful of which Stratosphere Quality was the title sponsor. From cleaning up trash in the parks to laying mulch on the playgrounds, each team member worked hard to ensure that the city in which they work remains beautiful. Fisher’s Mayor, Scott Fadness, stated, “This was the largest Fishers volunteer event to date and Stratosphere Quality was the driving force behind it.”

Not only does Stratosphere Quality participate in Civic volunteerism, they also sponsor and support JDRF in support of research to find a cure for Type 1 Diabetes. They participate in the One Walk as a team, sponsor the annual Gala and each employee can wear jeans to work for $1.00 a day with all proceeds being matched and donated to JDRF. Finally, the employees also participate in food drives, providing gifts during the holidays for families in need, among other activities that make a difference in the lives of others.

Like the Indy 500 and Stratosphere Quality, we encourage everyone to embrace the spirit of giving.
When we all do, we will change the world.

Cool Things to Do in Indy

If you are attending the Indianapolis 500 there are many local activities and food for the automotive fanatic! Here are just a few:

As always there is more than just the race at the Indianapolis Motor Speedway this May. Check out the full schedule and other events:

Let us know on facebook if you have a chance to try any of our suggestions!

Stratosphere Quality is Hiring

Stratosphere Quality fosters a positive organizational work environment, where employees are compelled to perform their best. Our team enjoys rewarding and meaningful work in wide range of manufacturing work environments.

Stratosphere Quality understands that benefits are important to you and to your family. To that end, we are committed to offering our full-time employees affordable options and flexible plan choices on a wide-reaching lineup of benefits. Full-time employees also enjoy nine (9) company-paid holidays each year as well as a vacation package. Stratosphere Quality is an Equal Opportunity Employer.

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