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Productivity Technologies Corp. Announces New Low Cost Tooling Product

18 January 1998

Productivity Technologies Corp. Announces New Low Cost Tooling Product

    NEW YORK, Jan. 16 -- Productivity Technologies Corp.
announced that its operating subsidiary, Atlas Technologies,
has introduced new gripper/finger tooling for transfer presses.
    "The development of the new low cost tooling finger is in response to the
dramatic shift from tandem press lines to transfer press production methods,"
according to Michael D. Austin, Atlas president.  "The new product provides
access to a market, with the potential to grow from $10 million to $100
million over the next decade.  We expect to gain significant market share
because of the cost benefits, improved flexibility and ease-of-use over the
limited choices currently available."
    The new products are scheduled to be available by mid-summer 1998, and
will offer both the upgraded versions of its current dedicated tooling
fingers, and the new patent pending flexible articulated models.  A full line
of shovel-type fingers, grippers, part sensors, actuators, connectors, and
tooling rails will be available in various sizes.  Atlas also offers
engineering support, including installation.
    According to Austin, "With extensive experience in stamping press
automation, Atlas is a leader in its capability to adapt finger tools in
transfer presses to the specific shape and size of the stamping.  Since
tooling is bought each time a new part is introduced, it provides Atlas with
repeat order potential that complements our FLEX transfer press equipment
business."

SOURCE  Atlas Technologies