What is SMS Precision Tech?
SMS Precision Tech is a manufacturer of 100% American-made directional drilling and MWD (Measurement While Drilling) products. Their comprehensive product line includes essential components such as MWD parts, drill pipe screens, and subs, all engineered to meet stringent quality standards including API-QI and ISO-9001. Beyond manufacturing, the company provides critical services encompassing engineering, precision CNC machining, and muleshoe repairs, catering to the specific needs of businesses operating within the directional drilling industry. Their commitment to quality assurance and precision engineering positions them as a reliable solutions provider for clients seeking robust and dependable drilling equipment.
How much funding has SMS Precision Tech raised?
SMS Precision Tech has raised a total of $866K across 2 funding rounds:
Debt
$350K
Debt
$516K
Debt (2020): $350K with participation from PPP
Debt (2021): $516K led by PPP
Key Investors in SMS Precision Tech
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investors
What's next for SMS Precision Tech?
The recent major strategic investment signifies a pivotal moment for SMS Precision Tech, likely enabling the company to expand its manufacturing capabilities, enhance its product development pipeline, and potentially broaden its market reach. This infusion of capital, coupled with the company's established expertise in high-quality directional drilling components, suggests a strategic focus on scaling operations and solidifying its competitive advantage. Future growth may involve further technological integration, increased production capacity, and strengthening partnerships within the energy and mining sectors.
See full SMS Precision Tech company page
