Precision Technologies (PTI) began in the 1960s as a specialist automotive toolmaker located in Tamworth. From there the business expanded into a wide range of sectors, including oil and gas and medical. Today, many of PTI’s components are used in high-profile applications including Formula One where PTI has built significant expertise. Panoramic backed a management buy-in of the company in December 2015.
Investing in assets
In March this year PTI took delivery of the latest specification of gear grinding machinery, the impressive Viper 500K from Hofler. The first of its kind in the UK, it will provide additional capability and capacity to produce the most complex gear geometries to the highest standards. The Viper 500k has taken pride of place on the factory floor and customers are delighted with the enhanced service that PTI can provide. Panoramic invested additional funds to support the machine purchase.
Investing in people
This year PTI offered four-year apprenticeships to Jack Palin, Zac Golder and Gabriel Sosnowski. PTI’s partnership with the EEF (manufacturing college) means they gain exposure to classroom-based learning and hands on experience in a controlled environment at EEF during their first year and increase their time at PTI over subsequent years to put their skills into practice. The EEF facility is state of the art and offers a great learning experience. Their time on site is also very important to PTI as they learn from the outset the niches associated with the industry and the importance of precision and high quality.
During non-teaching weeks the apprentices return to site and have an opportunity to work on the shop floor; they also have an opportunity to learn new skills through PTI’s time served experts, gaining exposure to high profile customers including Mercedes. It’s very rewarding to be able to support young ambitious school leavers and graduates to develop manufacturing and engineering skills which play such a vital role in the UK economy. PTI wishes them all the best for their exciting career ahead.
New senior appointments
In September 2018 PTI were delighted to welcome Lee Wardell to the board. Lee joined the team a year ago as Operations Director. He continues to drive significant process improvements through the factory and enhance PTI’s service offering. Lee works closely with PTI’s major customers and is an integral part of the team. PTI also welcomed HR manager Faye Norris to the team.
2018 has seen another busy year for PTI (and fans alike), in particular with Formula One and motorsport where drive components are supplied either directly to race teams or via leading engine and transmission assemblers. PTI have garnered many accolades and built up an impressive customer base for quality, performance and delivery. Outside F1 PTI continue to supply components to A1 GP, Indy, Cart, Rally, GT, Historic and Moto GP classes of motor racing.