Some Small Companies Grow As Large Firms Cut Costs

RAMIT PLUSHNICK-MASTI

LATROBE, Pa. (AP) — For 10 years, Conicity Technology has been trying to convince the nation's largest manufacturers — from auto companies to Caterpillar — that its products could save them millions of dollars.

The technology that extends the life of manufacturing tools was a tough sale when the economy was growing. But since the recession began, Conicity's revenue is up 75 percent.

Welcome to another side of the new frugality sweeping the country from individual consumers to global conglomerates: Small companies that offer unique ways to cut costs or help big companies retain customers are seeing their businesses blossom. ...