By Andrew Kirk
Kennewick entrepreneur
Reid Lunde named his company Kaizen Speed after the Japanese business term for
continuous improvement. Since 2005, Kaizen Speed has been steadily growing, and
in November won a prestigious industry award for Lunde’s new prototype.
Fifteen years ago,
Lunde was attending Columbia Basin College and started Kaizen Speed in borrowed
space in a friend’s backyard shop.
By 2008 the company
was boasting annual revenue approaching $400,000, selling Honda after-market
products that boost performance for (mostly) racing teams.
A decade later revenue
exceeded $1 million from services provided at its Gum Street shop (including
dyno tuning and engine assembly) and new products that worked in more vehicles,
like tensioners, wire covers, drag brakes and oil pans.
The company’s next the
goal was to produce products for even wider appeal.
For the last two
years, Kaizen Speed has been developing an innovative relay control system for
after-market accessories. Most vehicles have 20 to 30 separate relays. Kaizen
Speed’s relays are interconnectable, meaning new ones can be added to the
existing ones. That makes them easier and faster to install and requires less
wiring. The system will work in cars, trucks, UTVs and boats.
“Anything with a
battery,” Lunde said. “Relays are required to install auxiliary fog lights, or
a light bar, or a cooling fan.”
Fully-functioning
prototypes are undergoing final tests. Design work was done in the United States
and Lunde intends for production to be in-country as well. The electrical
components were designed by CANtrolls, an electrical engineering firm in
Philadelphia.
Kaizen Speed is active
in the Specialty Equipment Market Association, or SEMA, and Lunde submitted his
prototype to the Young Executive Network’s LaunchPad competition at the annual
SEMA Show in Las Vegas in November.
The relay control
prototype was a finalist out of 80 submissions before being named the winner.
Lunde received a $10,000 prize plus exhibition space at next year’s show.
“We are pleased to
present Reid Lunde with an award that recognizes the dedication and
perseverance of young entrepreneurs in the automotive industry,” said Bryan
Harrison, SEMA council director of the Young Executives Network. “His product
is a great example of innovation and how future leaders continually shape the
success of the automotive aftermarket.”
The prize is minimal
compared to the value of the exposure, recognition and validation the judges
gave it, since they are after-market industry experts, Lunde said.
“The industry saw the
product has legs,” he said. Winning the award also means receiving coaching
from industry veterans and help marketing the new product.
Vadim Belogorodsky
owns CANtrolls and has been working on the new relay system for six months.
Lunde brought him on as a partner to work together more closely. Belogorodsky
believes the new product will be revolutionary in the switching industry.
“What we are doing is
the first of its kind, and for that, we believe it will be a great commercial
success. As a product it is also positioned very well to grow over time,” he
said. “The LaunchPad competition was the best litmus test we could have
performed… We had great feedback from the industry professionals and the
judging panel… plus the customer feedback during the SEMA Show was
overwhelmingly positive.”
Winning was a huge
“green light” to begin the next phase of testing. Lunde said he’s focused on
“riding the wave” of credibility the win brought.
“We’re pushing real
hard to get into manufacturing,” Lunde said. “We hope to have the product ready
for sale by the end of 2020.”
Kaizen Speed:
kaizenspeed.com; KStuned.com.