What Ltb Engineering does

LTB Engineering is a privately held, founder-led engineering services firm that provides custom new-technology development for industrial and manufacturing clients on a project basis. Operating from a single lab facility in Georgetown, South Carolina, the firm is led by Greg Lyon (President and Chief Engineer) and Hunter Lyon (Vice President and Chief Technician) and has been developing technologies, products, and processes for client-partners across a wide spectrum of industries for approximately 25 years.

The firm's offering is structured around a three-stage "Design | Develop | Deploy" framework. Design services produce concept sketches, design drawings, solid models, patent disclosures, prototypes, and test analyses, and the firm states it has provided engineering and invention services resulting in 38 patents for its clients. Develop services focus on rapid new-technology, test, product, and process development, while Deploy services carry projects from initial sketch through prototype to production, emphasizing rapid design-build-test-iterate cycles and bespoke physical-prototyping capabilities such as SLA printing and specialized test rig development (e.g., ball screw test rigs).

LTB operates a project-based professional services revenue model with custom, quote-based pricing determined through direct client consultation. Go-to-market is enterprise field sales via direct principal-led engagement, supported by a website with downloadable technical and methodology PDFs (including "The Disruptive Technology," "Inside Innovation," and a New Product Development Plan) and an outbound call-to-action inviting prospective clients to visit the Georgetown lab. No external investors, partners, distribution channels, or named customers are disclosed, and the firm appears to serve a horizontal industrial/manufacturing client base across the Southeast United States with no stated global footprint.

Name

Ltb Engineering

Legal name

LTB Engineering

Website

https://ltbeng.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Engineering Services

NAICS

Engineering Services (54133)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• Engineering services
• Product development
• Rapid prototyping
• Industrial design
• Technology commercialization

Headquarters

HQ city

Georgetown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Engineering Services and Project Development: Custom engineering and new technology development services provided on a project basis to client-partners. Revenue derived from design, development, and deployment of new technologies, products, and processes. Services include concept development, prototyping, testing, and commercialization support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

LTB Engineering provides custom design, development, and deployment engineering services for new technologies, products, and processes. The firm supports industrial clients through the full innovation lifecycle, from concept sketches and patent disclosures to prototyping, testing, fabrication, and commercialization, with capabilities spanning SLA printing and specialized test rig development.

Product overview

LTB Engineering is an engineering services firm offering a unified suite of design, develop, and deploy services for new technology creation. The company provides concept-to-commercialization support including concept sketches, design drawings, solids models, patent disclosures, prototypes, test results, and analysis. Their core offerings consist of Design Services (engineering and invention for 38 patents), Develop Services (25 years of new technology, test, product, and process development), and Deploy Services (rapid design, fabrication, testing, and iteration from sketch to production). Supporting resources include downloadable PDF documents covering process development capabilities, medical device expertise, a Georgetown, SC laboratory overview, and methodology papers on the Disruptive Technology framework and Inside Innovation approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Design Services

Quantifiable outcome

• 38 patents developed for clients

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Altair Engineering: Large, established engineering software and services company serving industrial clients across simulation, design, and product development (now part of Siemens). Comparable in providing engineering services to industrial customers but with vastly broader scope, software platform, and global reach than LTB.
• Battelle Memorial Institute: Large nonprofit applied science and R&D organization that performs contract engineering, prototyping, and technology commercialization for industrial and government clients. Comparable in delivering custom engineering and invention services with patent-generating outcomes, but at much greater scale and breadth than LTB.

Direct peers

• Carbon Design Group: San Francisco-based product design and engineering consultancy working on physical product development, prototyping, and manufacturing transfer. Comparable in delivering custom engineering services and rapid prototyping to industrial clients.
• Smart Design: Global design and innovation consultancy with a strong industrial and consumer product practice, providing concept, engineering, prototyping, and commercialization support. Comparable in serving clients seeking end-to-end product development partnerships.
• Bresslergroup: Philadelphia-based product design and engineering consultancy that takes clients from research and concept through prototyping and production-ready design. Comparable in serving industrial clients with custom engineering, prototyping, and IP-generating engagements.
• Nottingham Spirk: Cleveland-based product innovation and design firm that partners with clients to develop patented, commercialized products from concept through production. Closely comparable to LTB's Design-Develop-Deploy model, with a similar emphasis on patentable invention outcomes and bespoke client engagement.
• Lunar Design: San Francisco-based industrial design and innovation firm specializing in physical product development, prototyping, and commercialization for corporate clients. Comparable in providing integrated design-to-deployment services for industrial and manufacturing customers.
• IA Collaborative: Design and innovation consultancy that partners with clients on product, service, and experience design with embedded engineering and prototyping capabilities. Comparable in offering integrated concept-to-deployment services for industrial clients.
• Worrell: Minneapolis-based product design and development firm with deep medical device and industrial expertise, taking products from research through commercialization. Comparable in offering custom engineering, prototyping, and process development, including medical device capabilities that LTB also markets.
• Sundberg-Ferar: Michigan-based product design and innovation firm with embedded prototyping and engineering capabilities serving industrial and consumer clients. Comparable as a boutique product development partner with full-lifecycle design-to-deployment services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ltbeng

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ltb Engineering