Productivity Technologies Corp. (PRAC)

Overview

Productivity Technologies Corp., originally known as Production Systems Acquisition Corporation until its name change in May 1996, operates through its various subsidiaries to offer a wide range of automated industrial solutions. The company's history dates back to its incorporation in 1993, and it has since established its headquarters in Fenton, Michigan. Productivity Technologies Corp. is in the business of manufacturing and selling automated industrial systems, industrial machinery and equipment, and custom electrical control panels. Serving a global client base, the company has a direct presence in the United States and international markets, with sales and engineering offices located in Michigan, Germany, and China. Its clientele primarily consists of automobile and automotive parts manufacturers, appliance manufacturers, steel service centers, and others involved in the production of lawn and garden equipment, office furniture, heating, ventilation and air conditioning (HVAC) equipment, and major construction machinery.

Products and Services

• Quick Die Change Equipment

  This range of equipment is designed to expedite the process of changing dies in metal stamping operations, enhancing efficiency and reducing downtime in the automotive and other metal stamping sectors.

• Press Automation Equipment

  These systems are engineered to automate the process of metal stamping, significantly improving production speed and consistency for manufacturers in various industries, including automotive manufacturing.

• Flexible Transfer Equipment

  Productivity Technologies Corp. offers flexible transfer systems that automate the movement of parts between processes, which helps in improving the overall speed and efficiency of production lines.

• Stacking/Destacking Equipment

  This category of equipment is designed for the automated stacking and destacking of parts, crucial for managing the inputs and outputs in metal stamping and other industrial applications effectively.

• Custom Electrical Control Panels

  The company takes on the design, manufacturing, and installation of custom electrical control panels that are primarily used in production machinery and machine tools. These control panels find their applications across various industries, including automotive, adhesive and sealant manufacturing, food processing, and more.