Tom Smith CEO talks about Alltite's pivot into new industries in the past year.

Wednesday, May 25th 2016

The contraction of the oil and gas industry has not been kind to Wichita-based Alltite Inc.

With that, Alltite has shifted from working mostly with companies involved with onshore oil and gas exploration into other markets. Alltite provides bolting services, calibration and equipment.
“We’ve made a pivot from the kind of company we were a few years ago to what we are today,” says CEO Tom Smith.

He says Alltite began to evaluate its business plan when the oil and gas market plummeted.

“We had to re-evaluate what we are good at and what our customers were wanting,” Smith says. “So we made that pivot to calibrations, services and software in new marketplaces. We found what we were doing before is really transformational in new industries.”

One of the those is in the aviation sector.

Last fall, Alltite announced its involvement with a collaboration designed to help aircraft technicians with more efficient data entry. The system replaces the need to enter data manually.

The company also is doing more work with the manufacturing, railroad and wind industries.

WBJ-Josh Heck

http://www.bizjournals.com/wichita/blog/2016/05/alltite-makes-its-pitch....