City firm gets the LED out
Posted on November 12, 2009 |
By
NATHANIEL GROUP FOUNDER Joel Melnick displays his Vergennes company’s latest product, an extremely bright and versatile light source that can be used in a variety of industries and environments.
Independent photo/Trent Campbell
VERGENNES — Like virtually every company in the United States, Vergennes high-tech engineering firm Nathaniel Group Inc., which does business as Nathaniel Electronics, has felt the effects of the international economic slump.
Nathaniel has had to downsize. About a third of a workforce that numbered more than 40 in mid-2008 has either been laid off or left through what company founder Joel Melnick called attrition.
Now Melnick says the 25-year-old Panton Road firm sees light at the end of that economic tunnel — and it’s coming from light-emitting diodes (LEDs).
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