Iowa Precision, A Member Of The Formtek Group

What Iowa Precision, A Member Of The Formtek Group does

Based on the bulk of the input data, the company operates as a manufacturer of laboratory and industrial furnace equipment serving university, government, and industrial research customers. Its catalog spans high-temperature box furnaces up to 1800°C, muffle furnaces, tube furnaces, atmosphere-controlled furnaces, vacuum furnaces, rotary-tube furnaces, CVD (chemical vapor deposition) systems, and sintering furnaces, built around proprietary thermal insulation and heating-element architectures. Revenue mechanics are driven by one-off capital-equipment sales to research laboratories and materials-science departments, with each unit representing a meaningful but bounded ticket; the business model is fundamentally project-based procurement tied to research grants and institutional capex cycles, rather than subscription or recurring-revenue.

Name

Iowa Precision, A Member Of The Formtek Group

Website

https://iowaprecision.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Laboratory and Industrial Thermal Processing Equipment

NAICS

Industrial Process Furnace and Oven Manufacturing (333994)

SIC

Industrial Process Furnaces & Ovens (3567), Laboratory Apparatus & Furniture (3821)

akta.pro primary industry

Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE)

Keywords

• Vacuum furnace equipment
• Thermal processing systems
• Laboratory furnaces manufacturing
• Planetary ball mills
• Thin film deposition

Headquarters

HQ city

Cedar Rapids

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales: Direct sales of high-temperature furnaces, ball mills, vacuum systems, and related laboratory equipment to research institutions, universities, and industrial customers

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The company designs, manufactures, and sells laboratory and industrial thermal processing equipment, with a portfolio centered on vacuum furnaces (melting, sintering, hot pressing, arc, directional solidification, zone melting), tube furnaces, box/shaft/lifting furnaces, atmosphere and hydrogen furnaces, CVD/PECVD/ALD thin-film deposition systems, crystal growth furnaces, and planetary ball mills. Equipment is custom-engineered to customer specifications, with international safety certifications (UL, CSA, CE, TUV), and is sold via a direct regional sales force to research institutions, universities, and industrial laboratories in China and selected international markets.

Product overview

Nanjing Boyuntong Instrument is a specialized manufacturer of laboratory and industrial thermal processing equipment, including electric furnaces and ball mills. The product portfolio centers on vacuum furnaces (vacuum melting, vacuum sintering, vacuum hot pressing), tube furnaces (single-zone, multi-zone, rotating, large-diameter, hydrogen), box furnaces (standard, vacuum, atmosphere), atmosphere/hydrogen furnaces, CVD/PECVD/ALD thin film deposition systems, crystal growth furnaces, and planetary ball mills. Supporting accessories include vacuum pumping systems, temperature control instruments, and gas supply/mixing systems. The company serves research institutions, universities, and industrial manufacturers in materials science, semiconductors, batteries, and advanced ceramics sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Vacuum Melting Furnace (真空熔炼炉) Vacuum furnace for melting and casting metals and alloys under vacuum conditions, used in research and industrial applications for aerospace materials and specialty alloys.
• Vacuum Suspension Melting Furnace (真空悬浮熔炼炉) Vacuum induction suspension melting furnace where the molten material is levitated during melting, preventing contamination from crucible contact.
• Vacuum Arc Furnace (真空电弧炉) Vacuum arc furnace using electric arc to melt conductive materials under high vacuum for production of high-purity metals and alloys.
• Vacuum Sintering Furnace (真空烧结炉) Vacuum sintering furnace for sintering powdered materials without oxidation, achieving high density and purity in the final product.
• Hot Pressing Furnace (热压炉) Hot pressing furnace combining high temperature and pressure for sintering ceramic and metal matrix composites with improved density and mechanical properties.
• SPS Plasma Spark Sintering System (SPS等离子烧结) Spark Plasma Sintering system using pulsed direct current to enable rapid sintering at lower temperatures, preserving fine microstructures in advanced materials.
• CVD System (CVD系统) Chemical Vapor Deposition system for depositing thin films and coatings on substrates through chemical reactions of precursor gases at elevated temperatures.
• PECVD System (PECVD系统) Plasma-Enhanced Chemical Vapor Deposition system using plasma to enable film deposition at lower temperatures than conventional CVD.
• ALD Atomic Layer Deposition System (ALD原子层气相沉积系统) Atomic Layer Deposition system for depositing ultra-thin, highly uniform films with angstrom-level precision through sequential self-limiting surface reactions.
• MOCVD / Graphene Wafer Growth Equipment (MOCVD/石墨烯晶圆生长) Metal-Organic Chemical Vapor Deposition system designed for graphene growth on wafers and other 2D materials research applications.
• Tube Furnace Series (管式炉系列) Comprehensive line of tube furnaces including single-zone, multi-zone, rotating, large-diameter, hydrogen, stainless steel, vertical, and RTP rapid heating models for diverse thermal processing applications.
• Box Furnace / Shaft Furnace / Lifting Furnace (箱式炉/井式炉/升降炉) Box furnaces, shaft furnaces, and lifting furnaces available in various sizes and heating configurations including six-sided and four-sided heating for uniform temperature distribution.
• Atmosphere Furnace / Hydrogen Furnace (气氛炉/氢气炉) Atmosphere furnaces and hydrogen furnaces for heat treatment under controlled gas environments including inert gases, reducing atmospheres, and hydrogen for specialized material processing.
• Crystal Growth Furnace (晶体生长炉) Crystal growth furnace for growing single crystals and polycrystalline materials used in semiconductors, optics, and advanced materials research.
• Planetary Ball Mill (行星式球磨机) Planetary ball mills for grinding and mixing materials in both dry and wet conditions, available in various capacities from 0.4L to 100L with optional vacuum and atmosphere-controlled grinding jars.
• Roller Hearth Kiln (辊道窑) Electric roller hearth kiln for continuous high-temperature processing of lithium battery cathode materials, rare earth materials, and magnetic materials in production quantities.
• PTF-800 Degreasing / Debinding Furnace (PTF-800排胶脱脂炉) Degreasing and debinding furnace for removing binders and organic substances from powder metallurgy parts before final sintering, featuring hot air circulation and purification system.
• Vacuum System (真空系统) Vacuum pumping systems including rotary vane pumps, roots pumps, molecular pump stations, and diffusion pump systems for achieving various vacuum levels from rough to ultra-high vacuum.
• Temperature Control Instruments (温控仪表) Temperature control instruments including touch screen controllers, Eurotherm controllers, Shimaden controllers, and Yudian controllers for precise furnace temperature management.
• Gas Supply / Mixing System (供(混)气系统) Gas supply and mixing systems including mass flow controllers, gas distribution panels, and gas mixing units for controlled atmosphere delivery to furnaces.

Quantifiable outcome

• Furnaces capable of achieving 1800°C operating temperatures
• +1 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Xiamen University School of Materials SciencecoreStrategic or Co-development Partner · 24 March 2025Company donated 100,000 RMB to support the development of Xiamen University's School of Materials Science, demonstrating strategic partnership with academic institutions

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Materials Research Furnaces: MRF manufactures specialized high-vacuum and high-pressure furnaces for materials research, including arc melting and floating zone systems, overlapping with Iowa Precision's vacuum arc furnace and vacuum melting furnace products for academic and government research customers.
• Nabertherm: Nabertherm (Germany) is one of the world's largest manufacturers of laboratory and industrial furnaces with an extremely broad catalog including tube, chamber, atmosphere, and high-temperature furnaces up to 1800°C — directly comparable to Iowa Precision's furnace breadth and target customer base.
• Carbolite Gero: Carbolite Gero is a leading European manufacturer of laboratory and industrial furnaces (chamber, tube, atmosphere, vacuum) and offers a comparable portfolio to Iowa Precision's box, tube, and atmosphere furnace lines for research and industrial customers.
• Centorr Vacuum Industries: Centorr manufactures vacuum furnaces for sintering, brazing, hot pressing, and metallurgical processing — closely matching Iowa Precision's vacuum melting, vacuum sintering, and hot pressing furnace lines for materials research and specialty alloy production.
• Thermal Technology LLC: Thermal Technology specializes in high-temperature vacuum and controlled-atmosphere furnaces (spark plasma sintering, hot pressing, crystal growth) — overlapping closely with Iowa Precision's SPS, vacuum hot press, and crystal growth furnace SKUs serving advanced materials research.
• Sentro Tech Corporation: Sentro Tech manufactures laboratory and industrial furnaces (box, tube, atmosphere, high-temperature) sold to universities and industrial labs — directly comparable to Iowa Precision's laboratory furnace catalog and customer segments.
• MTI Corporation: MTI Corp (Richmond, CA) manufactures and sells laboratory furnaces, ball mills, and crystal growth equipment directly overlapping with Iowa Precision's tube furnaces, box furnaces, and planetary ball mill lines, serving the same academic and industrial R&D customers globally.
• CVD Equipment Corporation: CVD Equipment Corporation manufactures CVD, PECVD, and ALD thin-film deposition systems used in semiconductors, energy, and research — directly overlapping with Iowa Precision's CVD/PECVD/ALD/MOCVD product line and the same university and industrial R&D buyers.

Emerging players

• R.D. Webb Company: R.D. Webb Company is a smaller US-based manufacturer of specialty high-temperature and vacuum furnaces for research applications, representing a more niche emerging competitor with partial product overlap to Iowa Precision's high-temperature specialty furnace offering.

Broad incumbents

• Thermo Fisher Scientific: Thermo Fisher is a broad incumbent scientific instrumentation company that offers laboratory furnaces and thermal processing equipment as part of a much wider analytical and life sciences portfolio, competing with Iowa Precision at larger institutional accounts where procurement consolidation favors one-stop vendors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/iowa-precision-industries-inc.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 Iowa Precision, A Member Of The Formtek Group