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Happy Holidays

Tim BurnsTim Burns,
President and CEO

Throughout much of the world, this is a season of family celebrations, reflection, and greetings of goodwill. With that holiday spirit in mind, we extend to you and your families our very best wishes from the entire Preco team.

As we celebrate the holiday season and move into a new year, it’s a good time to reflect about what we have accomplished this past year. Despite the continuing economic challenges all over the world, Preco experienced some very positive market successes. Here are just a few examples:

Last spring we opened a new sales office in Mexico to provide more sales support for the growing demand for our products in Central and South America—especially in the automotive, packaging and medical device industries. This past summer we expanded our China operations by launching Preco High Technology Systems Company, LTD to oversee the manufacturing and selling of the new Preco Rotary Converting Platform-Asia (RCP-A), a versatile rotary converting platform for producing complex, multi construction components for the expanding electronic and medical products markets in Asia.

Our new Preco Golden Laser (PGL) system continued to gain market acceptance in 2010. One of our PGL units was on hand at the NBA All-Star Jam in Dallas, Texas last February where it delighted fans by customizing souvenir basketballs in less than 30 seconds.

Our Contract Manufacturing Services (CMS) at our plant in Somerset, Wisconsin continued to expand its range of helpful services by adding heat treating and aluminum oxide blasting for metal components. Collaboration between Preco's CMS team and Kettering University resulted in a lightweight, high powered advanced energy storage module with Ultracapacitors that helped power the University's Formula Zero race car, a next generation electric vehicle.

You can see that 2010, though challenging, gave us many opportunities to celebrate success. As we look ahead to 2011, you can be sure our talented and experienced staff is working hard to create new ways to take your businesses to the next level with advanced laser processing systems, die cutting, lamination and close tolerance screen printing equipment. Preco's Contract Manufacturing Services (CMS) is expanding in the medical marketplace with appropriate certification and very importantly, the opening of a new CMS facility dedicated to medical, electronics and packaging. Enjoy the holidays and then join us for a very good new year!

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