Precision Resource

Precision Resource Acquires Assets of Sekam Technologies

Precision Resource, Inc., a leader in the supply of precision metal components manufactured with fineblanking technology, today announced that it has completed the purchase of the assets of Sekam Technologies, Inc., a leading Canadian supplier of fineblanked components.

Located in Kitchener, Ontario, Sekam Technologies specializes in the supply of complex components and assemblies using fineblanking and fine cold forming technologies. The company markets its products to the automotive, electronics, power tool, and industrial markets primarily.

Sekam will be added to Precision Resource’s Canadian operations and will be known as “Precision Resource Canada – Kitchener Plant.” Precision Resource Canada currently operates a facility in nearby Cambridge, Ontario. Precision Resource will maintain Sekam’s existing facility in Kitchener, and Sekam’s executive and operational management teams will remain in place with Kaveh Vafaei remaining as General Manager of the Kitchener Plant.

“We are excited to be acquiring the assets, technology, and accumulated experience of Sekam Technologies,” said Peter Wolcott, President of Precision Resource, Inc. “Sekam has built a reputation as a technology innovator. By combining their technical capabilities with Precision Resource’s own technology and the strength of our larger organization, we are confident that this acquisition will help Precision Resource to continue our growth well into the future.”

Fineblanking is a high precision metal forming process used extensively in the automotive, heavy duty, electronics, medical, lawn and garden, and general industrial industries. This unique process creates parts with very tight dimensional tolerances, excellent flatness, and with very little variation form part-to-part throughout long production runs. These characteristics lead designers to specify fineblanked components for their most critical applications.

Founded as Fairfield Tool Company in 1947, privately held Precision Resource has grown to be the leading supplier of fineblanked components in North America and services leading manufacturers throughout the world. Precision Resource also has a tremendous range of secondary finishing capabilities that enable it to provide completed components to their customers. These capabilities include CNC machining, double disc grinding, fine grinding, lapping, broaching, and assembly.

Precision Resource now has seven production facilities in the United States and Canada. In addition to the two facilities in Ontario, the company operates plants in Huntington Beach, CA; Ft. Lauderdale, FL; Vernon Hills, IL; Mt. Sterling, KY; and has a production facility and corporate headquarters in Shelton, CT. For more information regarding the company, visit www.precisionresource.com.

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1. Intended Recipients

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Electronic communications are intended as a convenient way to exchange information, but are not intended to create any legally binding obligation on Precision Resource.

No employee, representative, or agent of Precision Resource is authorized to conclude any legally binding agreement, or make any legally binding representations or warranties, on behalf of Precision Resource by electronic communication (other than through authorized EDI transactions) without the express written confirmation of an officer or director of Precision Resource. Any representation to the contrary may not be relied upon by the recipient of the electronic communication. Any electronic communications sent to Precision Resource purporting to legally bind Precision Resource in any way shall have no force or effect. Precision Resource’s

Standard Terms and Conditions, available at www.precisionresource.com, apply to all electronic communications.

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Any information contained in electronic communications and any attachments thereof relating to the business of Precision Resource or any of its employees, shareholders, customers or suppliers is confidential and may be privileged.

Any such information shall not be disclosed to any third party or used for any purpose other than the purpose intended by the Precision Resource sender and is subject to the confidentiality provisions contained in Precision Resource’s Standard Terms and Conditions, available at www.precisionresource.com. The inadvertent misdirection of an electronic communication containing confidential or privileged information shall not constitute a waiver of Precision Resource’s rights with respect to such confidentiality (including trade secrets) or privilege. Any electronic communication from a Precision Resource sender to or from its legal counsel, including in-house legal counsel, shall be presumed subject to the attorney-client privilege even if others are copied on such communications.

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Information, views and opinions contained in an electronic communications express the opinion of the sender and not necessarily the opinion of the Company. Precision Resource policy prohibits the use of electronic communications in any harassing, illegal or discriminatory manner or that infringes or violates the rights of others. Any communications contrary to such policy are not authorized by Precision Resource and are outside the scope of employment of the sender. The company will not accept any liability in respect of any such communication. Email communications to and from Precision Resource may be monitored to ensure compliance with internal policies.

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By its nature, electronic communication is subject to risk. Electronic communications are not secure and cannot be guaranteed to be error free as they can be intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed. Additionally, although Precision Resource takes reasonable and customary measures to ensure that outgoing electronic communication is free of virus infection, such infection remains a possibility. The recipient should check any electronic communications and any attachments for the presence of viruses. Precision Resource accepts no liability for any intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed messages, any errors or omissions in the content of any electronic communication, or any damage caused by viruses resulting from electronic communications from Precision Resource.

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