Precision Dynamics Corporation Celebrates 50 Years of Innovation
San Fernando, CA (January 23, 2006) – Precision Dynamics Corporation (PDC), a leader in automatic wristband identification, celebrates its 50th anniversary, commemorating 50 years of product innovation in the healthcare, patron management, and law enforcement markets.
Over the past 50 years, PDC has set a foundation of excellence in innovation that has and continues to pave its path to success. Staying ahead of technology and anticipating market trends has been central to the company’s growth and longevity. The introduction of the first bar code patient wristband in 1984 and RFID products in 2000 are key examples of innovations that make PDC a leader in its industry.
“Implementing a strategy of innovation and accelerated growth will continue to guide PDC’s success,” says Dr. Walter W. Mosher, PDC Co-founder, Board Chairman and Chief Technology Officer. “With PDC’s new automated technologies leading the way, we look forward to the next 50 years, which will be even more exciting than the first.”
PDC has grown to a $60 million company, experiencing 17% growth in just the last 2 years, and aims to reach its goal of $100 million by 2007. PDC’s evolution from a single-piece wristband manufacturer during the 80s and 90s to a technology-based company will continue to be fundamental to sustaining its financial growth in revenues and profits.
The Board of Directors’ appointment of Gary Hutchinson to CEO in 2002, and Hutchinson’s subsequent development of AMAT (Advanced Marketing & Technology) division in 2003 and focus on strategic partnerships and international expansion have been critical to PDC’s progress.
The development of AMAT helped solidify the company’s transformation to a technology-based company, shifting the focus of its major product offerings to automated turnkey system solutions. The recent establishment of PDC Europe in 2004 expanded PDC’s technology offerings to new worldwide markets, and the development of PDC Mexico in 2003 enabled PDC to manufacture more products faster and improve on-time delivery.
“As we look forward to the next 50 years, we also look back with much appreciation and gratitude for all the support we have received from our loyal customers, partners, and employees,” says Dr. Mosher.
To express its gratitude to customers, employees, and the local community, PDC will feature product promotions to customers throughout the year and hold a ‘Golden Anniversary Day’ on April 21 for employees and local representatives at its corporate headquarters. Visit the PDC web site (www.pdcorp.com) for more information and details as they are announced.
Major company milestones include the development or establishment of:
- The first single-piece wristband in 1956
- Visa Band® wristbands for patron management in 1972
- Clincher® wristbands for inmate identification in 1976
- The first patient bar code wristband system in 1984
- Smart Band® RFID (radio frequency identification) wristband system in 2000
- PDC Mexico Manufacturing Facility in 2003
- AMAT Division formed in 2003
- AgeBand® age identification & verification wristband system in 2004
- PDC Europe, European company headquarters in 2004
- PDC Smart Kiosk™ RFID cashless payment solution in 2005
About Precision Dynamics
With 50 years of experience, PDC is the global leader and pacesetter in the development of automatic identification wristband systems for healthcare, patron management, and law enforcement. The company introduced the first patient Bar Code ID Wristband System in 1984, Smart Band® Radio Frequency Identification (RFID) Wristband System in 2000, and AgeBand® Electronic Age/ID Verification System in 2004. PDC is committed to 100% quality in service, design, and manufacturing. This is substantiated by their ISO-9001: 2000 and ISO-13485: 2003 certification at their main facility in San Fernando, CA. For more information, visit www.pdcorp.com.