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n e w h a v e n b i z . c o m | O c t o b e r 2 0 2 2 | n e w h a v e n B I Z 15 key focus areas for Q-Tran. e company estimates it recycles about 62,000 pounds of cardboard and 7,000 pounds of copper, aluminum and light iron annually to minimize waste. "We are making a huge push in our sustainability effort," said Tremaine. "Our main focus is on material transparency and we offer all the recycling information for all our products so people can dismantle and recycle them." e firm also offers customers the Q-Tran Take Back Initiative, through which clients can mail back a Q-Tran product at its end of life and the company ensures it will be recycled in an environmentally- responsible way. "We want to avoid things just going into a landfill." Tremaine said. But it's not only the company's environmental stance that's driving business; it's also Q-Tran's innovations. Since 2019, the company has released a handful of new lighting innovations into the market, including its Micro 5 flexible fixtures in 2021, which allow for a variety of bend options, and are suitable for indoor and outdoor use in wet or dry locations. ey are half the size of existing products in the market, but still provide the same quality of light. In fact, the company won an Illuminating Engineering Society's Progress Award for the technology. e company also released its Warm Dim LED technology that imitates a wide range of color temperatures. At full power, it provides bright lighting for a task- oriented environment, but when dimmed, creates a warmer, more inviting atmosphere. Such innovations helped Q-Tran weather a temporary slowdown in business at the outset of the pandemic — as many projects were temporarily halted — but still finished 2020 with revenue up 6 percent. Over the past four years, the company has averaged a 21 percent revenue increase and is currently on track for $40 million in annual sales. Both Binch and Tremaine are bullish on the company's future. ey expect to add six new people to their 14-person R&D team to continue to drive innovation. ey are also infusing app-based technology to control and automate lighting through both Apple and Android devices. Binch says one of the company's next focus areas is hallway lighting for medical and educational facilities. "ere are [collectively] thousands of miles of hallways in hospitals and schools," Binch said. "And we want to be in that space." n Are you a Connecticut business owner without a retirement plan for your employees? To speak to a member of our team call 203.878.8194 or visit fnlonline.com/myCTsavings Learn more. Scan now. Advisory products and services ofered by Investment Adviser Representatives through Prime Capital Investment Advisors, LLC ("PCIA"), a federally registered investment adviser. PCIA: 6201 College Blvd., Suite#150, Overland Park, KS 66211. PCIA doing business as Prime Capital Wealth Management ("PCWM") and Qualiied Plan Advisors ("QPA"). Securities ofered by Registered Representatives through Private Client Services, Member FINRA/SIPC. PCIA and Private Client Services are separate entities and are not ailiated. The State of Connecticut has instituted a mandatory retirement savings program called MyCTSavings. MyCTSavings is not designed to replace or compete with 401(k) plans and doesn't allow for pre-tax or employer contributions. MyCTSavings will also charge an asset management fee to par˜icipants. This program isn't the only option Employers have when it comes to ofering retirement beneits. Here's what Employers need to know: We are located in Connecticut and oversee all aspects of retirement plans from design to implementation and ongoing iduciary management. Let us show you how implementing the right retirement plan can help your employees plan for their inancial future while minimizing the administration burden for your company. What businesses are required par€icipate in MyCTSavings? Employers with 5 or more employees in Connecticut Employers who do not currently provide a qualiied, employer-sponsored retirement savings plan Enrollment began on April 1, 2022 As a business owner, what should you do? Talk to a irm that specializes in designing and implementing retirement plans for businesses Implement a qualiied retirement plan to ofer your employees more options when it comes to saving for their inancial future Q-Tran's high efficacy LED light engines use 25% less energy than fluorescent tubes and have a lifetime that is three times longer, according to the company.

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