Precision Resource

Automotive Zero-Emissions Manufacturing Challenge

Shelton, CT – April 29, 2022 – Precision Resource Inc., a leading supplier of precision metal components manufactured with fineblanking technology, in partnership with Miltera Machining Research Corp., a rapid prototyping and ultra precision manufacturer, is pleased to announce that it has been chosen to participate in the NGen Automotive Zero-Emissions Manufacturing Challenge Program. Next Generation Manufacturing Canada (NGen) is the industry-led, non-profit organization leading Canada’s Advanced Manufacturing Supercluster. The Automotive Zero-emissions Manufacturing Challenge Program is designed to enhance the position of Canadian companies in the automotive supply chains of the future.

As technically advanced suppliers of critical components for transportation, Precision Resource and Miltera understand and support the significance of the shift from ICE to zero-emission powertrains. Through collaboration with research organizations, OEMs and Tier One companies, we aim to develop long-term partnerships to advance Canada’s position as the global leader in the transformation and mass adoption of zero-emission technology for on-road vehicle applications. With NGen’s support, Precision Resource and Miltera will jointly invest in the latest advanced manufacturing technology for prototype development and manufacturing scale up in the city of Cambridge.

“Precision Resource looks forward to the opportunity to add our passion for technology advancement in a way that both supports our customers and the environment. We are pleased to support Canada’s role in the transformation of the automotive industry” said Kaveh Vafaei, Managing Director of Precision Resource.

About Precision Resource:
Precision Resource is a dynamic and growing company that specializes in fineblanking and finishing of critical components. As a world leader in fineblanking technology, we provide cutting edge solutions to customers in a variety of industries, including automotive, heavy duty, medical, aerospace, electronics, tools, hardware, military, and defense. With over 100 presses in operation ranging from 40-1600 tons, Precision Resource has the widest range in the industry and is able to supply fineblanked parts from tiny electronics contacts to large engine plates weighing over 25lbs. The company operates four production facilities in the United States, and four international facilities in Canada, Mexico, China and Slovenia. For more information please visit: https://www.precisionresource.com

About Miltera Machining Research Corp:
Miltera was formed in 2007 to bring together top engineering talent with the latest technology to serve as the premier prototype and advanced manufacturing facility. Miltera specializes in rapid prototyping, short-run production and turn-key applications in the most demanding and ultra-precision applications. Projects span all industries, but often involves the aerospace, medical, motorsports, and consumer electronics sectors. Miltera’s specialists work at the highly automated headquarters encompassing over 30,000sqft. Capabilities include 5-axis machining, multi-axis turning, EDM, grinding and sub-micron inspection capability. For more information please visit: https://www.miltera.com/

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Electronic Communication Disclaimer

All electronic communications to or from Precision Resource (including all subsidiaries and affiliates using the domain precisionresource.com) are governed by these terms and conditions.

1. Intended Recipients

Electronic communications from Precision Resource are intended only for the person or persons to whom the communications are addressed. Absent specific instruction, such communications are not intended or approved for forwarding, copying, posting on any website, or disclosure to any unauthorized recipient and may not be relied upon by any person other than the intended addressee. Persons who receive electronic communications who are not the recipient intended by the Precision Resource sender are asked to delete the communication without reviewing its contents, copying or forwarding the communication and notify the Precision Resource sender as soon as possible of their receipt and deletion of the communication.

2. Legal Effect

Electronic communications are intended as a convenient way to exchange information, but are not intended to create any legally binding obligation on Precision Resource.

No employee, representative, or agent of Precision Resource is authorized to conclude any legally binding agreement, or make any legally binding representations or warranties, on behalf of Precision Resource by electronic communication (other than through authorized EDI transactions) without the express written confirmation of an officer or director of Precision Resource. Any representation to the contrary may not be relied upon by the recipient of the electronic communication. Any electronic communications sent to Precision Resource purporting to legally bind Precision Resource in any way shall have no force or effect. Precision Resource’s

Standard Terms and Conditions, available at www.precisionresource.com, apply to all electronic communications.

3. Confidential and Privileged Information

Any information contained in electronic communications and any attachments thereof relating to the business of Precision Resource or any of its employees, shareholders, customers or suppliers is confidential and may be privileged.

Any such information shall not be disclosed to any third party or used for any purpose other than the purpose intended by the Precision Resource sender and is subject to the confidentiality provisions contained in Precision Resource’s Standard Terms and Conditions, available at www.precisionresource.com. The inadvertent misdirection of an electronic communication containing confidential or privileged information shall not constitute a waiver of Precision Resource’s rights with respect to such confidentiality (including trade secrets) or privilege. Any electronic communication from a Precision Resource sender to or from its legal counsel, including in-house legal counsel, shall be presumed subject to the attorney-client privilege even if others are copied on such communications.

4. Views and Opinions.

Information, views and opinions contained in an electronic communications express the opinion of the sender and not necessarily the opinion of the Company. Precision Resource policy prohibits the use of electronic communications in any harassing, illegal or discriminatory manner or that infringes or violates the rights of others. Any communications contrary to such policy are not authorized by Precision Resource and are outside the scope of employment of the sender. The company will not accept any liability in respect of any such communication. Email communications to and from Precision Resource may be monitored to ensure compliance with internal policies.

5. Nature of Electronic Communication; Acceptance of Risk.

By its nature, electronic communication is subject to risk. Electronic communications are not secure and cannot be guaranteed to be error free as they can be intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed. Additionally, although Precision Resource takes reasonable and customary measures to ensure that outgoing electronic communication is free of virus infection, such infection remains a possibility. The recipient should check any electronic communications and any attachments for the presence of viruses. Precision Resource accepts no liability for any intercepted, delayed, mis-directed, amended, altered, corrupted, lost or destroyed messages, any errors or omissions in the content of any electronic communication, or any damage caused by viruses resulting from electronic communications from Precision Resource.

Any person or entity engaging in electronic communication with Precision Resource accepts all of the foregoing risks and these Terms and Conditions by virtue of engaging in such communication.