Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


Home > Press > AMETEK Acquires Sterling Ultra Precision

Acquisition Strengthens AMETEK's Position in Niche Ophthalmic Lens Market

AMETEK Acquires Sterling Ultra Precision

Paoli, PA | Posted on January 26th, 2010

AMETEK, Inc. (NYSE: AME) announced it has acquired the assets of Sterling Ultra Precision, a privately held reseller of machine tools for the ophthalmic lens market. Sterling Ultra Precision is headquartered in Tampa, FL.

"The acquisition of Sterling Ultra Precision provides us with an attractive opportunity to further broaden our capabilities and position in the niche ophthalmic lens market," comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "Sterling currently bundles AMETEK's Precitech Optoform machine tools with proprietary software and specialty fixtures that are used in the design and manufacture of contact lenses, contact lens molds and intraocular lenses."

"Our Precitech business has a long-standing relationship with Sterling, which enjoys strong brand recognition, large customer base and excellent market share in the ophthalmic lens market. By acquiring Sterling, we gain direct access to a highly profitable niche market that has excellent growth opportunities worldwide," adds Mr. Hermance.

Acquired in 2006, AMETEK's Precitech business is a leader in ultra-precision machining systems for applications requiring nano-metric levels of accuracy. Its Optoform machine tool systems are designed specifically for the high-speed lathing of spherical, multi-curve or aspheric contact and intraocular lenses.

Precitech is a unit of AMETEK Ultra Precision Technologies, which also includes AMETEK's Taylor Hobson and Solartron Metrology businesses, which provide high-end metrology instruments used in a wide variety of ultra-precise manufacturing and nanotechnology applications.

Forward-looking Information

Statements in this news release relating to future events such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.


AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales of $2.1 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.

For more information, please click here

William J. Burke
(610) 889-5249

Copyright © PrNewswire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Graphene Canada 2015: Conference program revealed featuring the latest developments on graphene October 6th, 2015

Harris & Harris Group Portfolio Company, D-Wave Systems, Announces Multi-Year Agreement to Provide Its Technology to Google, NASA and USRA's Quantum Artificial Intelligence Lab October 6th, 2015

Global Engineering Firm DPS to Establish U.S. Advanced Technology Group Headquarters at SUNY Poly CNSE and Create 56 New Jobs Under STARTUP-NY Initiative October 6th, 2015

Electron tomography with 3,487 images in 3.5 seconds: High-speed electron tomography sets new standards for 3-D images of the nanoworld October 6th, 2015


Observing the unobservable: Researchers measure electron orbitals of molecules in 3-D October 6th, 2015

Superconductivity trained to promote magnetization: Russian scientist and her colleagues discovered the superconductivity effect, which will help to create future supercomputers October 6th, 2015

Nanoscale photodetector shows promise to improve the capacity of photonic circuits: Researchers at the University of Rochester have fabricated a device in which light can induce a current using a silver nanowire -- an important step toward harnessing light to speed up the next ge October 6th, 2015

Big range of behaviors for tiny graphene pores: Like biological channels, graphene pores are selective for certain types of ions October 6th, 2015


Electron tomography with 3,487 images in 3.5 seconds: High-speed electron tomography sets new standards for 3-D images of the nanoworld October 6th, 2015

Rice news release: Smaller is better for nanotube analysis: Rice University's variance spectroscopy technique advances nanoparticle analysis September 30th, 2015

Flex-ANA workshop at NCSU: Flex-ANA: An Automated System for Nanomechanical Analysis of Soft Materials October 28 (NCSU, Raleigh, NC, US) September 30th, 2015

Nanosurf at the SYNMarburg 2015 Summer School: Nanosurf at the SYNMarburg 2015 Summer School September 30th, 2015


GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

Car Brands
Buy website traffic