|"IF THE "PT" IN THE ACRONYM OF YOUR COMPANY NAME MEANS PRECISION TECHNOLOGIES, WHAT DOES THE "R" IN PTR STAND FOR?"|
The "R" in our name stands for Remagen. In late 1989, Leybold AG sold off their Electron and Laser Beam Welding related activities including both of their Maintal, Germany and Enfield, CT divisions to Integral Hydraulics. Integral Hydraulics subsequently named these two newly acquired divisions PTR-Precision Technologies after its existing Precision Technologies group in Remagen, Germany.
The PTR facility located in Germany was then called PTR-Praezisionstechnik GmbH and our facility in the United States was renamed PTR-Precision Technologies, Inc.