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The Price Way: Innovation

Posted by Price Industries on April 23, 2024 at 9:49 AM
Price Industries

Embracing an Unlimited Future

Price is celebrating its 75th anniversary throughout 2024, and our commemoration of this milestone will dedicate special attention to the 13 tenets of the Price Way. Each post in this blog series explores one of these guiding principles, giving our blog readers a closer look at its meaning.

In this post, we’ll be looking at what innovation means at Price.

RAP unit in a classroom
Designed to continuously cycle air through a HEPA filter to eliminate unwanted particles, Price’s RAP was brought to market just three months after conceptualization

We never hesitate to proceed with a new business unit, investigate a new technology or learn a new skillset if doing so will better serve our customers. Our company’s accomplishments to date and capabilities going forward are derived from our continually acquiring knowledge and fortifying our technical foundation. We do not limit ourselves in the future by what we’ve been in the past.

Innovation at Price is illustrated in many ways: in the continuous improvement initiatives at our factories, in the research at our laboratory and even in our software. But our approach to innovation is perhaps best seen in our product development.

During the events of 2020, many of our reps highlighted the need for a commercial-grade unit to improve indoor air quality. Although we had ample experience with designing filtered products, the application of ultraviolet light and bipolar ionization technology was new to us.

Much of our innovation is rooted in collaboration, where we build on a reservoir of knowledge gained from working with others. The Air Moving team worked with suppliers and other industry experts to gain a thorough understanding of the new technologies and how to best incorporate them into the design of a HEPA recirculation unit. What came of this was the Room Air Purifier (RAP) – which the team brought to market only three months after conceptualization.

The RAP was a huge success right out of the gate, and we continued to improve its design based on customer feedback. We would go on to develop the RAPQ, a unit with integral inlet and discharge silencers – the first unit of its kind to meet the ASHRAE classroom noise level guidelines of 35 dBA – and the compact RAP Mini for rooms with limited free space.

Watch the video to learn more about the innovation tenet!

With our industry evolving so rapidly, we could sit back with our already successful product offering and watch as everything changes around us – but that’s not who we are. We are explorers, we are inventors, we are innovators, and we are the ones who push our business forward.

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Topics: Employees, Customer Service, 13 Tenets

At Price, when we say “the sky is the limit,” we actually mean it.

Our customers have come to count on a consistent and ever-increasing stream of new products and enhancements.  Price has a large team of experienced and talented engineers who are consistently working on breakthrough ideas.  We are not afraid to move into whole new product categories if we believe we have a contribution to make.

  • Research & Innovation
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  • Targeted Discussions
  • Mock-up Testing
  • Custom Solutions & Specials
  • Custom Finishes
  • Computational Fluid Dynamics
  • Virtual Reality

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