What is Precision Assembly Technologies?
Established in 1999 and headquartered in Bohemia, New York, Precision Assembly Technologies (P.A.T.) operates as a sophisticated electronic manufacturing services provider. The company maintains a comprehensive service portfolio that encompasses printed circuit board (PCB) assembly, complex box build assembly, and intricate wire harness fabrication. By offering turnkey solutions and rapid prototyping, P.A.T. functions as a vital link in the supply chain for high-stakes industries such as robotics, medical device manufacturing, and industrial electronics. Their operational model is predicated on delivering end-to-end product lifecycle support, ensuring that clients can transition from conceptual design to market-ready hardware with optimized efficiency and rigorous quality control standards.
How much funding has Precision Assembly Technologies raised?
Precision Assembly Technologies has raised a total of $801K across 2 funding rounds:
Debt
$350K
Debt
$451K
Debt (2020): $350K with participation from PPP
Debt (2021): $451K led by PPP
Key Investors in Precision Assembly Technologies
PPP
Public-Private Partnership
What's next for Precision Assembly Technologies?
With the recent influx of $451K, Precision Assembly Technologies is well-positioned to accelerate its capital expenditure programs, likely focusing on the modernization of its manufacturing floor and the integration of advanced automation technologies. As the firm navigates the complexities of the current industrial landscape, this financing provides the necessary runway to expand its rapid prototyping capacity and deepen its penetration into the defense and aerospace sectors. Future growth will likely be driven by a strategic emphasis on supply chain resilience and the adoption of next-generation assembly methodologies, ensuring that P.A.T. remains a preferred partner for OEMs requiring high-reliability electronic components. The company's focus remains on maintaining its competitive edge through technical excellence and operational agility.
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