ANNUAL REPORT FY 2023 Recap Improvements in Operations Corporate Data Meet the BOD 8 Willis Street Building Retrofit Taylor Damped Moment Frame Predator Drone MQ-9 Reaper Financial Report 2023 8 WILLIS STREET Wellington, New Zealand 90 Taylor Drive | 1 Buffalo Bolt Way, North Tonawanda, New York 14120 Telephone: 716.694.0800 | Fax: 716.695.6015 www.taylordevices.com Photo courtesy: Front cover image supplied by Architect Plus. Andy Spain | Photographer https://architectureplus.co.nz/commercial/1071/8-willis-street Bottom right: Taylor Devices – Dawn Bystrzak | Photographer Bottom center: U.S. Air Force photo/Staff Sgt. Brian Ferguson - https://www.af.mil/News/Photos/igphoto/2000667547 Bottom right: 8Willis-Beca | https://www.beca.com/what-we-do/projects/buildings/8-willis-street I I R E C F F O E V T U C E X E F E H C I To our Shareholders, Fiscal year 2023 was an exceptionally good year for our Company as our Team’s disciplined adherence to, and execution of, our prioritized growth and improvement campaigns resulted in the following achievements for FY23: - - - - - - - - New record high full-year Bookings of $49.1M (prior record was $35M in FY21 with the average over the past eight fiscal years of $29M). New record high full-year Sales of $40.2M (prior record was $35.7M in FY16 with the average over the past eight fiscal years of $29M). This has us entering FY24 with a Backlog of $32.5M, which is the highest in the company’s history (prior record was $25.2M as we entered FY16 with the average over the past eight fiscal years of $20M). New record high full-year Net Income of $6.3M/15.6% of sales (prior record was $4.2M/11.8% of sales in FY16 with the averages over the past eight fiscal years at $2.3M/8% of sales). New record high Customer On-Time Delivery of 89%. Facilities and Equipment investment of $3.4M in support of our targeted future growth. Research & Development investment of over $1M in support of our targeted future growth. 18 new members were added to our TDI Team in FY23 in support of our targeted growth. While all three of our customer-facing product groups: Aerospace/Defense, Structural, and Industrial, contributed significantly to our results, our Aerospace/Defense product group had a particularly strong year finishing with bookings at $30.2M, which is more than double the prior record of $14.1M set in FY17, and well above the average over the past eight fiscal years of $11.2M per year. Additionally, sales finished at $15.6M, also exceeding the previous record of $12.4M set in FY21 and well above the average over the past eight fiscal years of $11.2M. Our Structural and Industrial product group’s full-year bookings and sales levels were improved year-on-year while also finishing above their respective averages for bookings and sales over the past eight years thus continuing the favorable market diversity that we enjoy. The significantly improved profitability of our business is a testament to the great work our Cross-Functional Team is doing to drive waste out of our processes as they work together to solve our customers' most difficult shock and vibration challenges with our elegantly innovative custom-engineered products that we then manufacture, validate and supply on time. The steady increase of the sales order backlog as we entered our most recent three fiscal years: $22M at the start of FY22, $23.7M at the start of FY23, and $32.5M at the start of FY24, while sales increased from FY22 to FY23, shows that our growth campaigns with supporting actions are more effective than not, which is encouraging. While the challenges presented by the Pandemic are substantially behind us, raw material availability, supply chain performance and recruitment of talent to support our continuing growth remain at the forefront of the risks that our team is actively mitigating and managing as we invest in our people, technology, processes and facilities which we expect will continue to serve us well in FY24 and beyond. Sincerely, Timothy J. Sopko Chief Executive Officer Taylor Devices Inc. O K P O S Y H T O M T I “The steady increase of our sales order backlog as we entered each of our most recent three fiscal years concurrent with increasing year-on-year sales shows that our growth campaigns with supporting actions are working.” – Timothy Sopko Dear Shareholders, In my letters to shareholders over the last several years, I have discussed the positive changes that have been implemented throughout the Company. Those letters focused on stating our aggressive plans for increasing sales and profitability through key initiatives within all areas of the Company. I am quite pleased to see that those efforts have produced positive and consistent results, particularly since the challenges of the pandemic have faded. We finished the year with a record backlog of $32.5M after reporting a “healthy” level of $23.7M one year ago. This is 54% higher than the quarterly reported average backlog over the last 2 years. This improvement in backlog is due to the increase in bookings among each of our three product groups which is a result of our team’s efforts in our focused sales campaigns. After reporting a strong finish last year with $32.5 million in total bookings, this year we broke a Company record by substantially improving to $49.1 million. This includes $3.4M for Industrial Products, $15.5M for Structural Products, and a record by far of $30.2M for Aerospace & Defense Products. We continue to support many mature programs in the Aerospace & Defense sectors while being awarded several new development programs by new and old customers alike that we hope will provide sustained revenue for years to come. Throughout this period of recording increased bookings, we are continuing to build our Business Development & Sales and Program Management Staff to manage and improve upon our planned growth, in addition to all the improvements we have made in Operations. Our strategies are working at all levels, and we look to maintain our plans for long-term profitable growth. Featured in this report is a project that was successfully retrofitted with our seismic dampers in Wellington, New Zealand. Although the majority of our opportunities for Structural Products are within the US, we do target some key areas in seismic zones overseas. The building in Wellington at 8 Willis Street was originally built with eight stories in the 1980s. Now, at thirteen stories, it boasts a seismic rating of 130 percent. This is an example of a successful upgrade of an older building to meet current building codes, as opposed to demolishing it and building a new one. Consequently, this type of retrofit reduces its carbon footprint while improving its resiliency during large earthquakes, a rising consideration in today’s world. Another featured project is the MQ-9 Reaper Remotely Piloted Aircraft. From the family of Predator Drones, this aircraft is manufactured by General Atomics - Aeronautical Systems Inc. (GA-ASI) and has demonstrated stellar success for years. Back in 2007, Taylor Devices began to develop a new family of maintenance-free landing gear shock absorbers for use on Predator aircraft. Our shock absorbers were successfully qualified and immediately accepted by GA-ASI. We have enjoyed continuous production of these products ever since and the design has been adapted for use on several other aircraft as well. As always, we are proud to be a part of many mature programs that support our nation’s defense while also helping to make buildings safer in earthquake zones. Today, Taylor Devices is experiencing a period of record sales and record profitability. We are using our past successes to build an even brighter future through strategic capital expenditures, hiring key employees, improved business development processes, aggressive research & development, and improved efficiencies in our manufacturing processes. I am also happy to report that with the effects of the pandemic fading away, we will be returning to a physical AGM after three years of holding virtual meetings. Please join us at the October meeting where we will present some of the great progress we have made this year. I T N E D S E R P Sincerely, TAYLOR DEVICES, INC. Alan Klembczyk President K Y Z C B M E L K N A L A “I am quite pleased to see that those efforts have produced positive and consistent results, particularly since the challenges of the pandemic have faded.” – Alan Klembczyk I S N O T A R E P O F O T N E D S E R P E C V I I Fiscal Year 23 saw the continuation of Taylor Devices’ Operational Excellence Journey, improving year over year in the following areas: Assembled, Tested, and Shipped $ 40.2m in Revenue, a Taylor Record and a 30% increase from FY22. Achieved a Customer Order On-Time Delivery of 89%, a Taylor Record and a 4% improvement from FY22 Q4 OTD. Achieved Past Due Customer Order lines monthly average of 9, a 47% reduction from FY22 monthly average. Reduced Employee turnover by 25% from FY22. Reduced our Environmental Impact from inter-campus deliveries by 9% from FY22. The entire Taylor Team pulled together to achieve these results, enabled by better systems, processes, and training. Our Continuous Improvement Program underpins our journey and the FY23 projects found below represent just some of the teams’ accomplishments: Damper Cylinder and Piston Head Manufacturing Cells operational, supporting Future State Customer Demand of 1 Structural Damper per hour. Large and Small Assembly Cells operational, supporting Future State Customer Demand of 1 Structural Damper per hour. Commissioned Criket machine for product masking/painting, reducing the Cycle Time of the operation. Implemented 100+ machining set up/run time/cleaning/packaging improvements to reduce labor time. Conducted 8 Job Safety Analysis (JSA) events and implemented ergonomic devices and safety improvements as a result. Commissioned Superfinishing Machine resulting in a 50% reduction in process time for Damper Piston Rods. Supplied Air Respirator system implemented, providing our paint operators with the best respiratory PPE available. Implemented ‘Shop Guru’ across the machine shop, a software designed to improve setup reduction. Fluid fill equipment was purchased and piloted for smaller dampers, allowing for a faster fill rate. Plastic banding guns utilized for Structural Packaging and at Buffalo Bolt allowing for safer and faster banding. Increased our stored energy capacity on our Structural Tester by 30%, adding to our world-class testing capabilities. 3’ Paint Wand operational, resulting in paint cycle time improvements. A dozen employees trained on Root Cause Problem Solving and Lean Tools, knowledge evidenced through completed improvement projects. Our Fiscal Year 2023 Operational Results are underpinned by a relentless focus on the vital few projects that support our company’s long-range strategic plan, the never-ending drive to improve each and every day, and an engaged workforce that is committed to our customers and each other. We are well positioned to support Taylor Devices' profitable growth plan, to the delight of our shareholders, our customers, and our team members. Sincerely, TAYLOR DEVICES, INC. Todd Avery Vice President, Operations Y R E V A D D O T “We are well positioned to support Taylor Devices’ profitable growth plan, to the delight of our shareholders, our customers, and our team members.” – Todd Avery IMPROVEMENTS IN OPERATIONS New Mazak Machine and Workspace Grind Master Machine I N O T A C O L Y A W T L O B O L A F F U B 1 Photo courtesy: Taylor Devices, Inc. Dawn Bystrzak | Photographer IMPROVEMENTS IN OPERATIONS Structural Assembly Area Structural Assembly Area Packaging & Shipping I N O T A C O L I E V R D R O L Y A T 0 9 Paint Department Aerospace Assembly Area Photo courtesy: Taylor Devices, Inc. Dawn Bystrzak | Photographer I I R E C F F O L A C N A N F F E H C I I Dear Shareholders, Fiscal year 2023 financial performance took a nice step forward from the 2022 post-pandemic rebound. Revenue was up 30% overall with only slight shifts in the splits by end customers. All customer segments were up at least 25% from the prior year. The Business Development and Sales team, which has been built out with internal resources less reliant on outside representatives, along with Engineering support, continued to expand the pipeline and capture new customer opportunities. We remain committed to profitable growth and continue to be diligent about which opportunities to pursue. increased to 81% versus 76% in the prior year as non-domestic Domestics sales as a percentage of opportunities continue to be quite competitive. The year-end backlog position is up 37% from the prior period and is weighted towards aerospace/defense customers at 81% vs.19% for commercial customers. the total Gross Profit, which increased to $16.1 million, or 40% of sales, from $9.6 million, or 31% of sales in fiscal year 2022, was favorably impacted by higher levels of Sales activity in addition to more informed value proposition and cost positions at the time of bid, which resulted in more optimized price and cost performance. Management of costs through the manufacturing cycle has been facilitated by recent capital investment. 2023 Capital expenditures were $3.4 million with a focus on machinery and equipment in support of minimizing the impact from material availability, cost, and these variables has resulted in more consistent period-to-period headcount resource variables. The mitigation of financial performance as reflected by Sales being in excess of $9 million for each quarter in 2023. In addition to capital investments, we also continue to invest in Research and Development and people with an eye toward future growth. Research and Development costs were $1.1 million in 2023. New resources were added in 2023 that increased our capabilities in several functional areas and we’re continuing to look for talent to support 2024 and beyond. As a result of all the above, Net Income finished at $6.3 million, or 16% of sales, versus the prior year at $2.2 million or 7% of sales. Earnings per share went up to $1.79 as compared to .64 cents in 2022. The sales order backlog of $32.5 million as of May 31, 2023, provides a good launch point into fiscal year 2024. Our strong balance sheet will enable us to invest in capital, research and development, and people in support of our pursuit of sustained profitable growth. Sincerely, TAYLOR DEVICES, INC. Paul Heary Chief Financial Officer “Our strong balance sheet will enable us to invest in capital, research and development, and people in support of our pursuit of sustained profitable growth.” – Paul Heary Y R A E H L U A P TRANSFER AGENT AND REGISTRAR Computershare Investor Services 150 Royall Street Canton, MA 02021 800-522-6645 www.computershare.com FINANCIAL REPORT—BY WRITTEN REQUEST A copy of the financial report on form 10-K can be obtained by written request to the attention of Paul Heary, CFO at Taylor Devices, Inc., 90 Taylor Drive, North Tonawanda, New York 14120. MARKET INFORMATION—2023 The Company's Common Stock trades on the NASDAQ Capital Market of the National Association of Securities Dealers Automated Quotation ("NASDAQ") stock market under the symbol TAYD. The high and low sales information noted below for the quarters of the fiscal year 2022 and fiscal year 2023 were obtained from NASDAQ. HOLDERS As of May 31, 2023, the number of issued and outstanding shares of Taylor Devices Common Stock was 3,520,442 and the number of record holders of the Company's Common Stock was 406. A substantial number of shares of Taylor Devices Common Stock are held in street name. The Company believes that the total number of beneficial owners of its Common Stock is less than 2,100. No cash or stock dividends have been declared during the last two fiscal years. The Company plans to retain cash in the foreseeable future to fund working capital needs. NOTICE OF ANNUAL MEETING—2023 Taylor Devices’ Annual Shareholders Meeting will be held (in person only) on Friday, October 20, 2023, beginning at 11:00 a.m. The meeting location: Hyatt Place, 5020 Main Street, Amherst, New York 14226. Hyatt Place Website: www.hyattplacebuffaloamherst.com. 3 2 0 2 A T A D E T A R O P R O C OFFICERS AND DIRECTORS F. ERIC ARMENAT | Board Member JOHN BURGESS | Chairman of the Board of Directors ROBERT CAREY | Board Member PAUL HEARY | Chief Financial Officer ALAN R. KLEMBCZYK | President and Board Member TIMOTHY SOPKO | Chief Executive Officer and Board Member INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Lumsden & McCormick, LLP Cyclorama Building 369 Franklin Street Buffalo, New York 14202-1702 GENERAL COUNSEL Barclay Damon, LLP Barclay Damon Tower 125 East Jefferson Street Syracuse, New York 13202 LEADERSHIP TEAM TODD AVERY | Vice President, Operations STUART BUCKLEY | Vice President, Business Development and Strategy PAUL CRVELIN | Vice President, Engineering SUSAN EWING | Human Resources Manager PAUL HEARY | Chief Financial Officer ALAN KLEMBCZYK | President JAMES O’HARA | Chief Information Officer TIMOTHY SOPKO | Chief Executive Officer MICHAEL YAX | Vice President, Quality and Continuous Improvement EXTENDED LEADERSHIP TEAM MEGAN BRANT | Accounting Supervisor DAWN BYSTRZAK | Executive Assistant NATHAN CANNEY | Director of Structural Engineering ROBERT CONRAD | Director of Continuous Improvement TIMOTHY DEWIEL | Production Control Manager KONRAD ERIKSEN | Structural Products Sales Director ANDREA GREEN | Production Control and Receiving Manager STEVEN HARDING | Maintenance Manager DONALD HORNE | Chief Engineer CHARLES KETCHUM III | Quality Assurance Manager MARK LEMKE | Protective Coatings Manager BRIAN LOWICKI | Director of Programs and Program Management NICHOLAS MARSOLAIS | Director of Supply Chain ERIC ROTH | Scholl Operations Manager—Test Supervision WILLIAM STREAMS | Machine Shop Manager COURTNEY TAYLOR | Business Development and Marketing Manager DAVID TAYLOR | Manager of Aerospace and Defense Sales DENNIS WARMUS | Manufacturing Engineering Manager 3 2 0 2 A T A D E T A R O P R O C I S E V T U C E X E D N A S R O T C E R D F O D R A O B I (From left to right) F. Eric Armenat – Board Member, Paul Heary – CFO, Todd Avery – VP, Operations, Timothy Sopko – CEO, Alan Klembczyk – President, Robert Carey – Board Member, John Burgess – Chairman of the Board of Directors, Mark McDonough – Corporate Secretary Photo courtesy: Taylor Devices, Inc. Taylor Wienke | Photographer I S E V T U C E X E D N A S R O T C E R D F O D R A O B I ALAN R. KLEMBCZYK—President and Board Member Since graduating from the University of Buffalo in 1987 with a degree in Mechanical Engineering, Mr. Klembczyk has held key positions in Sales, Engineering, and Executive Management at Taylor Devices. Over the last 35 years, he has held titles of Design Engineer, Assistant Chief Engineer, Chief Engineer, and Vice President of Sales & Engineering. He later went on to be appointed President of the Company and a Member of the Board of Directors in June 2018. Mr. Klembczyk has been responsible for establishing new Sales and Marketing policies and has been directly involved with defining internal Company policy and strategic direction in cooperation with all levels of Taylor Devices’ Management. He was an integral part of the team that managed upgrades to the Quality System and obtained 3rd party certification to International Standards ISO 9001, ISO 14000, and Aerospace Standard AS9100. Mr. Klembczyk has served for many years on the Technical Advisory Group for the US Shock and Vibration Information & Analysis Center (SAVIAC) and the Shock and Vibration Exchange (SAVE). In 2019, he received the Distinguished Service Award from SAVE. Additionally, he has been a tutorial and course instructor for various organizations internationally and has participated in many technical conferences and symposia. He is a founding member and first co-chair of the Industry Partner Committee of the US Resilience Council. Mr. Klembczyk has participated in many research projects for products for military and aerospace, industrial, and structural applications. He has served as Program Manager for many of these projects and has worked with academia including the University at Buffalo’s MCEER: Earthquake Engineering to Extreme Events, among others. He has published several papers describing unique applications for structural dampers, tuned mass dampers, vibration isolators, shock absorbers, and shock isolators, and holds US Patents for some of these components. These papers have been published by SAVE, SAVIAC, the Society for Experimental Mechanics (SEM), and the Applied Technology Council (ATC). TIMOTHY J. SOPKO—Chief Executive Officer and Board Member Mr. Sopko’s business experience spans more than thirty years in Aerospace (Military and Civil), Industrial, as well as Commercial markets with a primary focus on Engineering, Product Development, Program Management, Operations, and Business Management. Prior to joining Taylor Devices as CEO in April 2019, Mr. Sopko was Vice President and General Manager of Carleton Technologies Inc. (d.b.a. Cobham Mission Systems) in Orchard Park, New York, a Department of Defense Contractor. While there, he also held the positions of General Manager, Director of Engineering and Programs, Director of Engineering, and Director of Business Development. Under Mr. Sopko’s leadership as VP and GM, Carleton successfully grew its annual sales from $110m to over $200m. After nine years of Design Engineering and Program Management in the industry (1988-1997), Mr. Sopko co- founded Comprehensive Technical Solutions Inc., a New York State S-corporation that provides product design engineering services to companies across the United States, as well as produces and supports a portfolio of internally funded products. Mr. Sopko is a Mechanical Engineering graduate of The State University of New York at Buffalo where he was also a member of The University’s Mechanical and Aerospace Dean’s Advisory Board for over 10 years. Mr. Sopko is also an author and/or co-author of several US Patents. PAUL HEARY—Chief Financial Officer Mr. Heary has over twenty years of experience serving in senior financial management positions for several public and privately owned middle market manufacturers located in Western New York. Prior to joining Taylor Devices, Inc., Mr. technology serving the Heary was Chief Financial Officer of Multisorb Filtration Group, a leader pharmaceutical, food, and industrial markets. At Multisorb, Mr. Heary played a key role in guiding the company through its 2018 sale from a private equity owner. From 2006 to 2016, he was the Senior Finance Director at Carleton Technologies (d.b.a. Cobham Missions Systems), a global leader in technology for the aerospace and defense market. in sorbent Mr. Heary joined Taylor Devices in September 2022. He has BS (Accounting) and MBA degrees from The State University of New York at Buffalo and previously held certifications for public and management accounting (CPA and CMA). N A L A K Y Z C B M E L K O K P O S Y H T O M T I Y R A E H L U A P I S E V T U C E X E D N A S R O T C E R D F O D R A O B I F. ERIC ARMENAT—Board Member Mr. Armenat’s career has spanned more than 40 years in a variety of middle-market organizations both public and privately owned. Mr. Armenat most recently served as President and Chief Executive officer of Multisorb Filtration Group which he successfully spearheaded the sale of in early 2018 from a private equity owner. Multisorb is the world leader in the active packaging industry, solving complex technical challenges in the pharmaceutical, food, and industrial markets. From 2012 to 2016, Mr. Armenat served as President and Chief Executive Officer for several companies owned by private equity. These companies included healthcare delivery, medical waste collection, and disposal, as well as active packaging. He was responsible for the successful business improvement and eventual divestiture of the companies. From 2009 to 2012, Mr. Armenat served as Chief Operating Officer of Avox Systems (Zodiac Aerospace), a leading supplier of aircraft oxygen systems. From 1994 to 2009, he served as Vice President of Operations and then President and General Manager of Carleton Technologies (Cobham Mission Systems), a global leader of technology for the military and commercial aviation markets. Mr. Armenat also worked as an Operations Management Consultant with Ernst and Young beginning in 1984. Mr. Armenat earned his Bachelor of Science Degree in Industrial Engineering from Southern Illinois University and his MBA in Finance and Accounting from St. Bonaventure University. He proudly served in the United States Air Force. ROBERT M. CAREY—Board Member Mr. Carey brings over 45 years of experience ranging from general management to consultative work to the Company. He was the General Manager of the Reichert Analytical Instruments group from 2001 to 2009. The company manufactures and internationally sells a variety of analytical measurement food processing, and biotechnology research. instruments for use in medicine, Mr. Carey was the Principal at CMA, Ltd from 1990 to 2001. CMA, Ltd provides consulting services to the manufacturing sector in the areas of organization, operational change and strategic planning. Mr. Carey was also a is an international strategic planning Partner in Decision Processes International (DPI) from 1999 to 2001. DPI consultancy working with companies of all sizes. In 1979, Mr. Carey joined Wilson Greatbatch Ltd. (now Integer Holdings) as North American Sales Manager. Mr. Greatbatch held the patents for the implantable pacemaker. The eponymously named company is the world’s leader in In 1981 Mr. Carey was named Vice President of Wilson Greatbatch and General Manager implantable power sources. of the Electrochem Div. Electrochem which manufactures and internationally sells high-energy batteries used in rugged or remote environments such as space, oil and gas drilling, the military, and the ocean. He earned a Bachelor of Science in Microbiology from the State University of California, Long Beach and a Master of Business Administration from the State University of New York at Buffalo. Mr. Carey served in the U.S. Army, achieving the rank of Captain. JOHN BURGESS—Chairman of the Board of Directors Mr. Burgess gained his international strategy, manufacturing operations, and organizational development expertise from his more than 40 years of experience with middle-market public and privately-owned companies. Mr. Burgess served as President and CEO of Reichert, Inc., a leading provider of ophthalmic instruments, and spearheaded the acquisition of the company from Leica Microsystems in 2002, leading the company until its sale in January 2007. Prior to the acquisition, Mr. Burgess served as President of Leica’s Ophthalmic and Educational Division before leading the buyout of the Ophthalmic Division and formation of Reichert, Inc. From 1996 to 1999, Mr. Burgess was COO of International Motion Controls (IMC), a $200 million diversified manufacturing firm. During his tenure there, he led a significant acquisition strategy which resulted in seven completed acquisitions and sixteen worldwide businesses in the motion control market. Previously, Mr. Burgess operated a number of companies for Moog, Inc. and Carleton Technologies, including six years spent as President of Moog’s Japanese leader in electro-hydraulic servo subsidiary, Nihon Moog K.K. located in Hiratsuka, Japan. Moog, Inc. is the global control technology with a focus on the aerospace and defense sectors. It was recognized as one of The 100 Best Companies to Work For in America by Fortune Magazine. Mr. Burgess is also a former Operating Partner of Summer Street Capital Partners. Mr. Burgess earned a BS in Engineering from Bath University in England, and an MBA from Canisius College located in Buffalo, New York. Currently, Mr. Burgess is a Director of Bird Technologies of Solon, Ohio. I C R E . F T A N E M R A . M T R E B O R Y E R A C S S E G R U B N H O J 8 Willis Street Retrofit Building STRUCTURAL PROJECT 8 Willis Street was originally built in the 1980s as an eight-story tower in Wellington, New Zealand. Recent changes to the structural building codes required that the building undergo a retrofit to bring it up to the new seismic standards. During the retrofit, the developers decided to add five more stories to the existing building, and the structural engineer, Beca, used this opportunity to provide a “better than code” structure, making it one of the most resilient workspaces in the city. Cutting-edge structural modeling determined that twelve Taylor Dampers were needed to bring the building up to market-leading seismic resiliency, and consequently reduced costs and shortened an already minimally invasive retrofit. • Location: Wellington, New Zealand • Size: 12,300m2 • Stories: 5 • Number of Dampers: 12 • Owner: Argosy Property Limited • Structural Engineer: Beca • General Contractor: McKee Fehl Constructors Ltd. Photo courtesy: Architecture Plus – Andy Spain | Photographer. https://architectureplus.co.nz/commercial/1071/8-willis-street/ Taylor Devices – Konrad Eriksen | Structural Products Sales Director LOCATION: WELLINGTON, NEW ZEALAND Taylor Devices’ Nathan Canney, PhD, PE, Director of Structural Engineering, investigates the strategic installation of twelve TDI Fluid Viscous Dampers at the 8 Willis Street Building The 8 Willis Street building project converted this eight-story tower with a low 40% rating from the National Building Standard (NBS) into a thirteen- story modern building with an upscaled seismic rating of 130%. Twelve 4000 kN Fluid Viscous Dampers from Taylor Devices comprised the seismic retrofit. The completed and fully retrofitted building has successfully achieved the highest Level 6 Green Star rating. Department of Statistics was formerly located on the Wellington Waterfront. Their building was badly damaged in the 2016 Kaikoura earthquake and subsequently demolished. 8 Willis Street now welcomes both the Department of Statistics and the Ministry of Environment as valued tenants. To date, the 8 Willis Street building has won six awards, including the acclaimed 2023 Wellington Architectural Award for a Heritage building. INDUSTRY NEWS… Taylor Damped Moment Frame™ In case you missed the official press release in June 2023, Taylor Devices has introduced a new process that uses the Taylor Damped Moment Frame™ (TDMF™) which simplifies the design procedure required to incorporate exclusively Taylor Devices’ Fluid Dampers into buildings. It integrates an alternative lateral system using Steel Special Moment Frames equipped with supplemental damping. The TDMF™ system was developed and validated through the International Code Council Evaluation Service (ICC-ES) using the rigorous AC494 process which utilizes collapse analysis per the Federal Emergency Management Agency’s (FEMA) P-695 methodology. This new design procedure is rooted in Modal Response Spectrum Analysis alone and removes the need to conduct Nonlinear Time History Analysis (NLTHA) to design new steel buildings with dampers. The process eliminates the need for peer review for damper projects and has opened the door for engineers who may not have been familiar with NLTHA and damper design, thus enabling their achievement of better building performance and cost savings. Final approval from the ICC for this design procedure has been received. ™ E M A R F T N E M O M D E P M A D R O L Y A T … G N C U D O R T N I I Predator Drone MQ-9 Reaper AEROSPACE & DEFENSE Taylor Devices supplies the main and nose landing gear shock absorbers for the impressive MQ-9 Reaper. This aircraft is part of a remotely piloted aircraft system comprising a sensor and weapon- equipped aircraft, ground control station, satellite link, spare equipment, and operations and maintenance crews for deployed 24-hour missions. The aircraft is employed primarily as an intelligence-collection asset and secondarily against dynamic execution targets. Given its significant loiter time, wide-range sensors, multi- mode communications suite, and precision weapons, it provides a unique capability to perform strike, coordination, and reconnaissance against high-value, fleeting, and time-sensitive targets. • Crew: 0 onboard, 2 in ground station • Length: 36 ft 1 in (11 m) • Wingspan: 65 ft 7 in (20 m) • Height: 12 ft 6 in (3.81 m) • Empty weight: 4,901 lb (2,223 kg) • Max takeoff weight: 10,494 lb (4,760 kg) • Fuel capacity: 4,000 lb (1,800 kg) • Payload: 3,800 lb (1,700 kg) • Powerplant: 1 × 900 hp (671 kW) • Maximum speed: 300 mph (482 km/h, 260 kn) • Cruise speed: 194 mph (313 km/h, 169 kn) • Range: 1,200 mi (1,900 km, 1,000 nmi) • Endurance: 27 hr • Service ceiling: 50,000 ft (15,420 m) • Operational altitude: 25,000 ft (7.5 km) Photo courtesy: United States Air Force – https://www.af.mil/news/Photos/igsearch/MQ-9 Photographers: Main center: Robert Brooks Bottom left: Tech. Sgt. Emerson Nunez Bottom center: Senior Airman Christa Anderson Bottom right: Staff Sgt. Samuel Morse I 3 2 0 2 T R O P E R L A C N A N F D E T A D I L O S N O C I TAYLOR DEVICES, INC. 90 Taylor Drive | 1 Buffalo Bolt Way, North Tonawanda, New York 14120 Telephone: 716.694.0800 | Fax: 716.695.6015 www.taylordevices.com
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