Mike Conrad 4/24/2019
Precision Medical Technologies, Inc.
Precision Medical Technologies, Inc. Invests Over $2.5 Million in Capital Equipment and Facility Expansion
Contract Manufacturing Company Adding Multiple CNC Machines and Expanding New Facility
Warsaw, IN: Today, Precision Medical Technologies, Inc. (PreMedTec), a medical device contract manufacturer, announced that it has concluded the purchase of over $2.5 million worth of capital equipment. The investment includes four Swiss lathes with magazine bar feeders, three 5-axis mills, grinding equipment, a CMM, and electro-polishing equipment. In addition to the capital purchases, PreMedTec also plans to expand its newest manufacturing facility in North Manchester, Indiana, in mid-2019.
“Expanding capacities and capabilities this year enables PreMedTec to continue offering high quality, custom implants and instruments with nominal lead times,”PreMedTec Business Development Manager Ryan Thornburgh said. “The increase in machining capacities reduces lead times, thus allowing customers to get products to market quickly. We have also added a significant number of employees over the past few years to help with product throughput. It is exciting to see the growth of PreMedTec over the past 15 years.” Due to PreMedTec’s significant growth in all three of its manufacturing facilities, increasing capacity and technologies will facilitate the continued growth and expansion.
About Precision Medical Technologies, Inc.:PreMedTec is a medical device contract manufacturing company based in Warsaw, IN. Founded in 2003, PreMedTec has expanded to three manufacturing facilities all located in northern Indiana. Each manufacturing facility is comprised of its own engineering, quality, machining, finishing, and shipping departments and operates off the same quality manual.