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Harvest Precision Components

June 6th, 2001

Harvest Precision Components is a start-up ceramic component manufacturing company. Harvest's patented technology manufactures precision, high volume injected molded parts using a proprietary EDM finishing process. This process allows Harvest to manufacture a much higher volume of parts at a much lower cost than its competitors, which must use a diamond machining process. Harvest estimates that the current market for diamond machined ceramic and hardened metal components is $9.1 billion, growing greater than 15% per year. The company has targeted precision surgical blades (estimated $275 million market) and gas combustion components (estimated $153 million market) as its initial products.

Harvest's management team will consist of individuals with management and manufacturing experience at Corning, Carborundum, GE and other major companies. The company is seeking $2.7 million of equity to fund the development of manufacturing capacity, startup costs and working capital.


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