Parlec Embarks on Multi-Million Dollar Investment in US Manufacturing Operations

Rochester, NY, November 1, 2010 – Parlec Inc., a worldwide leader in tooling and presetting solutions, is in the midst of a multi-million dollar investment to upgrade and modernize its manufacturing operations at its World Headquarters in Fairport, New York.

“By moving forward with our Factory of the Future Initiative, we are investing in US manufacturing as a strategy to provide our worldwide customers with high performance products at unparalleled quality. We are also creating growth opportunities for our employees and additional employment for the skilled workforce available in Upstate New York,” said Michael Nuccitelli, President and CEO at Parlec, Inc. “We are currently installing multi-axis and multi-tasking machines that provide a high degree of automation to support “lights-out” production of highly engineered tooling products.”

Parlec, Inc., (www.parlec.com) a worldwide leader in tooling, and presetting solutions, offers more than 50 years of experience in CNC tooling innovation. The company provides a complete line of manufacturing products from its headquarters in Fairport, NY. Parlec offers unmatched levels of technology and support on a global basis with sales, engineering, manufacturing, and service throughout North America, Europe and Asia. Parlec’s product family, comprised of more than 8,000 individual products, includes solutions for toolholding, boring, tapping, driven and static tooling, and presetting and has more than 30 patented processes and technologies.

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