Precise Connections, Inc. Market Research Report

Background

Company Overview

Precise Connections, Inc. is a privately held electronics manufacturing services (EMS) provider headquartered in Duncanville, Texas. Established in 1985, the company specializes in delivering comprehensive electronic manufacturing solutions, including design consultation, PCB assembly, cable assembly, box build, mechanical fabrication, testing, and troubleshooting. Precise Connections serves original equipment manufacturers (OEMs) across various industries, emphasizing quality, service, and customer-centric approaches.

Mission and Values

The company's mission is to serve the manufacturing needs of its customers through innovative thinking, creative solutions, and a commitment to excellence. Core values include prioritizing people, service above self, creating partnerships, leading by example, and living with integrity.

Key Strategic Focus

Core Objectives

Precise Connections aims to provide high-quality electronic manufacturing services that meet customer expectations, ensuring timely delivery and cost-effective solutions.

Areas of Specialization

Design Consultation: Assisting clients in refining product designs for manufacturability.

PCB Assembly: Offering both surface mount and through-hole assembly services.

Cable Assembly: Providing custom cable and wire assembly solutions.

Box Build and Mechanical Fabrication: Delivering complete box build services and mechanical fabrication.

Testing and Troubleshooting: Ensuring product functionality through comprehensive testing and troubleshooting services.

Key Technologies Utilized

The company employs advanced manufacturing technologies, including automated through-hole assembly, surface mount technology (SMT), and selective soldering capabilities, to enhance production efficiency and product quality.

Primary Markets Targeted

Precise Connections serves OEMs across various industries, including telecommunications, medical devices, industrial equipment, and consumer electronics, providing tailored solutions to meet diverse manufacturing needs.

Financials and Funding

Funding History

Precise Connections is a privately held company and has not publicly disclosed detailed funding history or financial statements. Estimates suggest annual revenues of approximately $10.3 million, with a staff of around 25 employees.

Recent Developments

The company has not publicly announced recent funding rounds or significant financial developments.

Pipeline Development

Product Development

Precise Connections focuses on providing end-to-end manufacturing services, from design consultation to final product assembly, ensuring seamless integration and high-quality outcomes for clients.

Anticipated Milestones

The company continues to enhance its manufacturing capabilities and expand its service offerings to meet evolving market demands.

Technological Platform and Innovation

Proprietary Technologies

Precise Connections utilizes proprietary manufacturing processes, including selective soldering, to improve production efficiency and product reliability.

Significant Scientific Methods

The company employs advanced testing and troubleshooting methodologies to ensure product functionality and quality.

Leadership Team

Key Executives

Jonathan Ott: CEO with a background in computer engineering and experience at Hewlett-Packard. He returned to Precise Connections in 2013 to lead business development and strategic initiatives.

Jerry Thatcher: Director of Operations with over 20 years of experience, responsible for operations and finances. Holds an MBA from Taylor University.

Scott Hulbert: Quality and Engineering Manager since 1993, overseeing test and quality departments, and instrumental in achieving ISO 9001 certification in 1996.

Angela Carey: Accounts Manager with over 26 years of experience in customer service, managing accounts and financial operations.

Wes Basinger: Customer Service Manager with a math degree from Dallas Baptist University, returning to Precise Connections to lead customer service initiatives.

Competitor Profile

Market Insights and Dynamics

The EMS industry is characterized by rapid technological advancements and increasing demand for high-quality, cost-effective manufacturing solutions. Companies like Precise Connections must adapt to evolving customer needs and technological innovations to maintain competitiveness.

Competitor Analysis

Precise Connections competes with other EMS providers in the Dallas-Fort Worth area, such as GPC Incorporated, Reycomp, Inc., and Microboard Processing Inc. These competitors offer similar services, including PCB assembly and contract manufacturing, contributing to a competitive landscape.

Strategic Collaborations and Partnerships

Collaborations

Precise Connections has established long-standing relationships with suppliers across multiple industries, enhancing its supply chain capabilities and enabling competitive cost savings.

Operational Insights

Strategic Considerations

To maintain a competitive edge, Precise Connections focuses on delivering high-quality products, exceptional customer service, and operational efficiency. The company's commitment to continuous improvement and innovation positions it favorably in the EMS market.

Strategic Opportunities and Future Directions

Expansion Plans

Precise Connections aims to expand its service offerings and manufacturing capabilities to meet the growing demands of its diverse clientele. By leveraging its expertise and customer-centric approach, the company seeks to strengthen its market position and explore new business opportunities.