What is Precision Technologies?
Precision Technologies specializes in advanced manufacturing, operating a 15,000 square foot facility designed for optimal production flow from engineering to assembly. The company places a strong emphasis on quality control, integrating continuous investment in cutting-edge technology with Lean Manufacturing and Six Sigma practices. This approach ensures error-free products and competitive pricing for customers. Precision Technologies also boasts an on-site electro-mechanical assembly department for expedited component assembly and is an ISO and ITAR Certified company, capable of handling sensitive product manufacturing and maintaining thorough record-keeping through its ERP software.
How much funding has Precision Technologies raised?
Precision Technologies has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Precision Technologies
PPP
Public-Private Partnership
What's next for Precision Technologies?
With the recent influx of capital, Precision Technologies is poised for accelerated growth and enhanced market penetration. The large-scale, late-stage funding suggests a strategic focus on expanding production capabilities, investing in further technological innovation, and potentially broadening its customer base. The company's established reputation for quality, efficiency, and adherence to stringent certifications like ISO and ITAR positions it favorably for future development and market leadership in the competitive manufacturing landscape. This investment will likely fuel initiatives aimed at solidifying its position as a premier provider of precision-engineered and manufactured components.
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