Mate Precision Tooling Announces Corporate Name Change to Mate Precision Technologies
Expansion into precision machining, major new product release arriving in 202131 August 2020
Minneapolis, MN, August 31, 2020 — Mate Precision Tooling, a global leader in sheet metal fabrication products and solutions, announced today that it is changing its corporate name to Mate Precision Technologies. The name change reflects the company’s broader commitment to metalworking and using its expertise to drive innovations to shape the future of factory productivity. Firmly committed to its existing product lines, the name change allows for the expansion into the metal cutting and machining industry with the release of a major new product line in 2021.
“At our core, Mate is a precision products and technical solutions company. We relate to solving technical problems and manufacturing products to increase our customers’ productivity,” said Dean Sundquist, Chairman and CEO. “The new name – Mate Precision Technologies – represents an exciting new chapter for Mate. It truly supports our mission statement, which focuses on improving our customers’ factory productivity, and we are now better positioned to extend our skills and technologies to other markets like the metal cutting and machining industry.”
What’s not changing is Mate’s dedication to providing superior, innovative products and outstanding service. “It’s the meaning behind Respect Support Inspire, and how we’ve always differentiated ourselves from competitors,” said Sundquist. “Not only are all Mate products backed by a 100% unconditional customer satisfaction guarantee, but our customers count on us to provide the best in-field technical support in the industry.”
Sundquist emphasized that Mate remains committed to its existing customers. “Every company needs to grow and evolve, which is what Mate is doing. We continually look ahead for new ways to serve our customers. This is what launched Mate into worldwide markets, thick turret tooling, laser consumables, press brake tooling, and now metal cutting and machining. Looking ahead is what keeps Mate strong.”
The new name is effective September 1, 2020, and will be implemented across the company’s product and services through 2021.
About Mate Precision Technologies
Founded in 1962, Mate is a world-class manufacturer of superior solutions for the metal cutting and metal forming industries. Mate manufactures tooling for every major CNC punch press. In North America, we also offer a complete line of press brake tooling and laser consumables. Mate products and services are available worldwide, fully supported by more than 80 dealers in every industrialized country. Mate’s mission is to personally Respect, Support and Inspire metalworking professionals around the world with high-quality products and services for factory productivity.