Precision Tool Technologies

What Precision Tool Technologies does

Precision Tool Technologies, Inc. (PTT) is a privately held precision manufacturer and distributor founded in 1994 and headquartered in Brainerd, Minnesota. The company operates from approximately 20,400 sq. ft. of climate-controlled manufacturing space and employs between 11 and 50 people. It is organized around three product pillars: (1) contract manufacturing services covering multi-axis CNC machining, quick-turn machining, injection molding using all-electric Toshiba presses with robotic handling, EDM, laser welding, and assembly; (2) optical products for wholesale optical laboratories, including finishing tools, surfacing blocks, AR coating fixtures (where PTT was the first developer of AR rings), lab trays, gauges, and calibration lenses; and (3) gas inflation systems for marine, defense, and safety applications, comprising flanges and four valve SKUs (inflation, pressure relief, top off, inlet check) certified to ISO 15738:2019. The company also operates the 168 Manufacturing sub-brand, which sells the proprietary FullShop Automated Coolant Management System (FS40 and FS120 series) to other CNC machine shops, enabling unattended lights-out operation.

The business generates revenue through professional services (contract manufacturing) and hardware sales (optical catalog, gas inflation valves, automation equipment), with quote-based pricing across all channels and no public rate cards. Sales go through direct, technical-rep-led quoting for manufacturing services, an online catalog for optical products, and dedicated web properties for FullShop and gas inflation systems. The company is family-led (President Jim Goerges; Jared Goerges in Sales & Marketing) and family-controlled, with no outside investors identified. Customers span medical and life sciences, electronics, industrial manufacturing, recreational oxygen products (e.g., Oxygen Plus / O+), wholesale optical laboratories, and critical infrastructure industries; PTT holds ISO 9001:2015 with Design Certification and is investing in 5-axis capacity (DMG Mori DMU 50) and over $1 million in metrology (Zeiss ACCURA CMM). Revenue, ARR, and customer concentration are not publicly disclosed.

Name

Precision Tool Technologies

Legal name

Precision Tool Technologies, Inc.

Website

https://precisiontooltech.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Tool Technologies (founded 1994, Brainerd, MN) is a privately held precision manufacturer providing contract CNC machining, quick-turn manufacturing, and injection molding, alongside optical laboratory products, ISO 15738-compliant gas inflation valves, and the proprietary FullShop coolant automation system sold under its 168 Manufacturing sub-brand. It serves medical, electronics, industrial, defense, and optical laboratory customers.

Ownership category

akta.pro rank

Product category

Optical Laboratory Equipment and Precision Manufacturing

NAICS

Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (333514), Turned Product and Screw, Nut, and Bolt Manufacturing (33272), Cutting Tool and Machine Tool Accessory Manufacturing (333515)

SIC

Screw Machine Products (3451), Optical Instruments & Lenses (3827), Special Industry Machinery, Nec (3559)

akta.pro primary industry

Injection Molded Optical & Transparent Parts (Lenses, Light Guides) (IMANAFAL)

akta.pro secondary industry

Prototype Jigs, Fixtures & Assembly Aids (Additive) (IMAAAFAE)

Keywords

• Precision machining services
• CNC contract manufacturing
• Optical lab equipment
• Injection molding services
• Coolant management systems

Headquarters

HQ city

Brainerd

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Provides precision CNC machining, injection molding, laser welding, EDM, and assembly services for complex parts across medical, electronics, industrial, and optical industries. Services include multi-axis machining, quick-turn capabilities, and lights-out manufacturing.
2. Optical Products Manufacturing and Distribution: Manufactures and distributes high-quality optical laboratory products including finishing tools, surfacing blocks, AR coating fixtures, lab trays, gauges, and calibration lenses for the prescription eyewear industry.
3. Gas Inflation Systems Components: Designs and manufactures gas inflation control components including flanges, relief valves, top off valves, inlet check valves, and inflation valves for inflatable structures used in marine, defense, and safety applications.
4. Automation Technology (168 Manufacturing): Develops and sells FullShop Automated Coolant Management Systems (FS40 and FS120 series) to other machine shops, enabling coolant automation and lights-out capabilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Precision Tool Technologies manufactures and distributes optical laboratory products including lens finishing, surfacing, anti-reflection (AR) coating equipment, and lab trays. The company also provides precision contract manufacturing services such as CNC machining and injection molding, and produces gas inflation systems along with FullShop coolant management systems through its 168 Manufacturing sub-brand.

Product overview

Precision Tool Technologies is a precision manufacturing company offering a portfolio of manufacturing services and optical industry products. The core manufacturing services include Contract Manufacturing (CNC machining with five-axis and multi-tasking equipment enabling lights-out operation), Quick-Turn Manufacturing for complex parts with fast turnaround, and Injection Molding using all-electric Toshiba machines with robotic handling for clean, unattended production. The Optical Products line serves wholesale optical laboratories with four sub-categories: Finishing Products (edge blocks, gauges, chucks, deblockers), Surfacing Products (surface blocks, blocking rings, lap tools), AR Coating Products (rings, shields, spreaders), and Lab Trays (Versi Tray automation trays). The Gas Inflation Systems product line includes precision-machined valves (Inflation, Pressure Relief, Top Off, Inlet Check) and flanges for maritime and safety applications meeting ISO 15738:2019 standards. The 168 Manufacturing brand offers FullShop Automated Coolant Management Systems (FS40 and FS120 models) for CNC shop automation enabling lights-out machining. Supporting services include manufacturing support (assembly, laser welding, rapid prototyping), quality control (CMM, metrology), and specialty machining. The products integrate through shared manufacturing capabilities, with optical products often produced using the company's own CNC and molding equipment.

Differentiator

Problem solved

Functional benefit

Brands

• 168 Manufacturing: A brand of Precision Tool Technologies that designs and develops CNC machine shop automation technologies, including FullShop Automated Coolant Management Systems.
• FullShop

Products and services

• Optical Laboratory Products Manufacturer of optical laboratory equipment including lens finishing systems, surfacing machines, anti-reflection (AR) coating equipment, and lab trays used by optical laboratories and lens processing facilities.
• Gas Inflation Systems Manufactures gas inflation systems, typically used in optical lab environments for lens processing applications.
• CNC Contract Manufacturing Services Provides precision CNC machining contract manufacturing services to industrial customers requiring custom machined components.
• Injection Molding Services Provides plastic injection molding contract manufacturing services for industrial customers.
• FullShop Coolant Management Systems Industrial coolant management and automation systems produced through the 168 Manufacturing sub-brand for industrial machining operations.

Quantifiable outcome

• Manufacturing time reduced by approximately 75% on complex parts using 5-axis machining vs. multiple manual setups on 3-axis machines
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Coburn Technologies: Coburn Technologies is a long-standing supplier of optical lab equipment, including edgers, finishers, surface blockers and consumables for wholesale optical labs. It overlaps directly with PTT's optical products business across finishing, surfacing and lab supply categories.
• OptiPro Systems: OptiPro Systems manufactures precision optical lens manufacturing equipment, including lens generators, surface finishers and metrology systems. It is a direct competitor to PTT in supplying wholesale optical laboratories with production tooling and processing equipment for prescription lenses.
• Satisloh: Satisloh (part of EssilorLuxottica) is one of the world's largest suppliers of optical lens manufacturing equipment, including generators, polishers, coating systems and AR coating consumables. It competes with PTT both in AR coating fixtures/rings and broader optical lab tooling at global scale.
• Schneider Optical Machines: Schneider Optical Machines produces precision optical surfacing and finishing equipment for the ophthalmic industry. It is a direct peer to PTT in surfacing and finishing tooling supplied to wholesale optical laboratories worldwide.
• Xometry: Xometry operates an online marketplace for on-demand CNC machining, injection molding, sheet metal and 3D printing services. It competes with PTT's contract manufacturing business for the same quick-turn, custom-parts customers in medical, electronics and industrial markets.
• Protolabs: Protolabs offers automated CNC machining, injection molding, and 3D printing services with quick-turn quoting and global production. It directly competes with PTT's contract manufacturing and quick-turn CNC/injection molding business, albeit at significantly larger scale and via a digital platform.
• National Optronics: National Optronics specializes in optical lab edging and finishing equipment, including patternless edgers and blocking systems. Its edging and finishing product lines directly overlap with PTT's finishing products (edge blocks, deblockers, gauges, chucks).

Broad incumbents

• Haas Automation: Haas Automation is one of the largest U.S.-based CNC machine tool builders, supplying vertical machining centers, lathes and rotaries. As a broad incumbent in precision manufacturing, Haas shapes the competitive landscape for shops like PTT and represents a much larger-scale peer in the U.S. precision-machining ecosystem.
• DMG Mori: DMG Mori is a global manufacturer of CNC machine tools including 5-axis machining centers and turn-mill machines. While PTT purchases DMG Mori equipment rather than competing head-on, DMG Mori is a broad incumbent in the same advanced precision-manufacturing space and shapes the equipment ecosystem PTT operates within.

Emerging players

• Haimer: Haimer is a German manufacturer of precision tool management products, including tool holders, shrinking/balancing machines, and 3D sensors for CNC machining. It overlaps with PTT in the precision tool management and balancing category (PTT offers Haimer-based balancing services) and represents an adjacent peer in the CNC shop automation space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/PrecisionTool1
• YouTubeyoutube.com/user/MrPrecision10
• Facebookfacebook.com/Precisiontooltech
• LinkedInlinkedin.com/company/precision-tool-technologies-inc-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Tool Technologies