What is Precision Technologies?
Founded in 1987, Precision Technologies Inc. has built a robust reputation for high-precision machining and manufacturing. Leveraging decades of expertise, particularly from its founder's background in cutting-edge computer disc drive technology, the company specializes in producing components with extremely tight tolerances. Its capabilities span diverse and demanding industries, including aerospace, defense (manufacturing components for SM3 missiles), medical devices (blood filter holders), and industrial applications (vacuum pump rotors, life raft inflation valves). The company's commitment to quality is evidenced by its ISO 9001:2015 accreditation and ITAR registration, ensuring adherence to stringent industry standards. A recent expansion into a 15,000 sq. ft. facility in Monticello, MN, has enhanced its capacity and responsiveness to growing customer needs.
How much funding has Precision Technologies raised?
Precision Technologies has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Precision Technologies?
The substantial capital infusion, characterized as large-scale late-stage funding and a major strategic investment, positions Precision Technologies for accelerated growth and market penetration. This financial backing is expected to fuel further technological advancements, capacity expansion, and potentially the exploration of new high-value market segments. The company's focus on maintaining traceable consistency and high production at competitive costs, combined with its established quality certifications, provides a strong foundation for leveraging this investment to solidify its leadership in precision manufacturing.
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