NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

A. Precisionmatics Capital (X328)
April 17, 2012
and robotic loading type machines. The Company continues to stay on top of emerging
technology in the machining field, researching and purchasing new equipment and designs
that produce highly accurate and consistent machined parts for customers. The Company
utilizes CNC methods and to concentrate on hard to work metals such as stainless steel and
high temperature alloys.
Ownership – The Company is privately owned.
Size – The Company operates out of one 28,000-square-foot facility in New York State.
Market – Precisionmatics targets customers in the aerospace, military, firearms, medical,
and specialized industries.
ESD Involvement – To encourage the Company to proceed with its business improvement
plan, ESD provided an incentive proposal of a $100,000 capital grant, which was accepted
in December 2010.
Competition – The machining services field has become very competitive as many smaller
machine manufacturers have begun using CNC equipment. Although using CNC equipment
does not guarantee a successful manufacturing facility, the businesses that flourish have
access to the correct equipment and systems to support a sufficient inventory and respond
to customers fluctuating needs and schedules.
Past ESD Support – This is the first ESD grant to the Company.
The Project:
Completion – November 2011
Activity – Through its work, the Company has been cited by its top customers as one of
their strongest suppliers. However, in 2009, Precisionmatics identified a need to improve
its competitive edge in the highly demanding and ever changing market for aerospace,
firearms, medical and specialized industrial markets. An evaluation of its machinery and
facility capabilities revealed shortfalls in specific areas that could affect supplier status. To
meet the challenges of competing with other vendors and maintaining its top supplier
status, Precisionmatics developed a plan to improve these critical areas. As part of its
improvement plan, the Company’s facility was re-organized into cells to manufacture
machine parts based on size and customer specifications. In addition, the company has
upgraded its facility with new machinery and equipment.
Results – Retain 47 existing jobs and create 5 new jobs by January 1, 2016. The Company
has already exceeded their goal and has 60 Full Time employees at the project site.
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