Precision Resource

Precision Resource Announces Addition To Canadian Facility

Precision Resource, Inc., a leader in the supply of precision metal components manufactured with the fineblanking technology, today announced that it has completed an addition to its Cambridge, Ontario facility.

The expansion of Precision Resource Canada’s facility added 30,000 ft² of production space and increased the total area of the facility to 136,000 ft².  Precision Resource Canada specializes in the high volume production of automotive and general industrial components.

“We’ve been fortunate to be able to grow our business significantly in the past several years, even in a difficult environment for manufacturing in North America,” said Ron Hunt, General Manager of Precision Resource Canada.  “This addition will provide the room that we will need for the new business that we have booked and will allow us to significantly improve our overall material flow in the plant.”

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 has six production facilities in the United States and Canada.  In addition to the facility in Cambridge, 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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Electronic Communication Disclaimer

All electronic communications to or from Precision Resource (including all subsidiaries and affiliates using the domain precisionresource.com) are governed by these terms and conditions.

1. Intended Recipients

Electronic communications from Precision Resource are intended only for the person or persons to whom the communications are addressed. Absent specific instruction, such communications are not intended or approved for forwarding, copying, posting on any website, or disclosure to any unauthorized recipient and may not be relied upon by any person other than the intended addressee. Persons who receive electronic communications who are not the recipient intended by the Precision Resource sender are asked to delete the communication without reviewing its contents, copying or forwarding the communication and notify the Precision Resource sender as soon as possible of their receipt and deletion of the communication.

2. Legal Effect

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.

3. Confidential and Privileged Information

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.

4. Views and Opinions.

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.

5. Nature of Electronic Communication; Acceptance of Risk.

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.

Any person or entity engaging in electronic communication with Precision Resource accepts all of the foregoing risks and these Terms and Conditions by virtue of engaging in such communication.