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Precision Aerospace Components to Distribute High Tech Locking Washer

Dépèche transmise le 8 juin 2009 par Business Wire

NEW YORK--(BUSINESS WIRE)--Precision Aerospace Components, Inc. (OTCBB:PAOS) has, through its subsidiary TIGER-TIGHT CORP., obtained the exclusive rights for the United States and Canada to distribute the full line of a proprietary locking washers to be produced by ESK Ceramics, of Germany, a subsidiary of Ceradyne Corp. (CRDN).

“The unique performance capabilities of this product line exceed anything presently in the marketplace, whether locking nuts, locking washers or combined products. They exhibit higher holding properties, in a smaller footprint without adversely affecting the mating material in the joint,” said Andrew Prince, President of Tiger Tight and Precision.

Bob Serabin, Tiger-Tight’s General Manager said, “We are excited to have this opportunity to offer a demonstrably superior product which should be used across many markets to provide increased safety, reliability and convenience. We are confident that due to its overall benefits, it will be designed in to new applications. And, immediately it can be used to upgrade existing fastening applications. This product will be used to solve vibration caused loosening of joints in industries as diverse as wind power to aviation. It will be used by repair and maintenance facilities and in new fabrications and assemblies. For design engineers and maintenance departments, it solves the widespread problem of joints which are supposed to be vibration resistant but which are not and consequently loosen over time.”

Joel Moskowitz, CEO of Ceradyne Corp., said, “We are pleased to be able to have developed a process which will now extend beyond its long history in the automotive industry where its benefits were proven. We are confident that the Tiger-Tight product line will be widely accepted.”

Dr. Thomas Juengling, President of ESK Ceramics noted that, “We anticipate a long and mutually rewarding relationship with Tiger-Tight Corp. The unique capabilities of this product line will be rapidly embraced by the marketplace. We look forward to working with Tiger-Tight as applications expand.”

Tiger-Tight Corp., located at 2200 Arthur Kill Road, Staten Island, NY, 718-356-3376, is presently signing up Representatives and Distributors to bring the product line to the market. It has already engaged Freundlich Supply Company, a well known distributor of self locking fasteners with a 70 year history of successful operations, to be a distributor.