Read up on the website, very interesting http://precisionaerotech.com/company/history/ Currently Panasonic is still Precision’s largest customer but now accounts for less than 50% of total revenues as business from other customers has increased. The company maintains considerable inventory, a high percentage to meet Panasonic’s order requirements.
The move of our manufacturing arm is planned for next week. We will, as soon as possible, post pictures of our new state of the art facility on our web site.
We have continued our negotiations with four prospective acquisitions. Final agreements are imminent.
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