EXPONENT INC

EXPONENT INC is a science and engineering consulting firm that provides solutions to complex problems. The company's interdisciplinary team, drawing from over 90 technical disciplines, solves challenges for stakeholders. Leveraging over 55 years of experience in analyzing accidents and failures, Exponent advises clients on innovating technologically complex products and processes, ensuring user safety and health, and addressing sustainability challenges. The company's history dates back to 1967 with the founding of Failure Analysis Associates, which was incorporated in California the following year and reincorporated in Delaware as Failure Analysis Associates, Inc. in 1988. The Failure Group, Inc. was organized in 1989 as a holding company for Failure Analysis Associates, Inc. and changed its name to Exponent, Inc. in 1998. Exponent serves clients across various sectors including chemical, construction, consumer products, energy, food, beverage and nutrition, government, life sciences, insurance, manufacturing, technology, industrial equipment, and transportation. Many engagements are initiated by large corporations, lawyers, or insurance companies whose clients are involved in or anticipate litigation related to their products, equipment, processes, or services. The scope of services in failure prevention and technology evaluation has expanded with increasing technological complexity. During 2025, services to clients in the consumer products industry represented approximately 21% of revenues, energy and utilities industries 20%, transportation industry 16%, and chemical industry 11%. Services are provided on a fixed-price or time and material basis. Hourly rates for staff range from $225 to $1,375 per hour, with bill rate increases implemented annually at the start of the fiscal year.