Precimold Inc. diversifies with purchase of EJETL Division from Rutter Inc.

CANDIAC, QUÉBEC – Monday July 12th, 2010 – Precimold Inc., www.precimold.com contract manufacturer, custom injection molder, and tool maker of precision medical, electronic and technical components, has purchased the specialized Search & Rescue lighting division EJE Trans-Lite Inc. (EJETL) from one of its clients Rutter Technologies Inc. for whom it had been molding all it’s plastic components for the past 12 years.

EJETL was founded by John E. Brain and Donald Clarke in Montreal in 1988 as a specialty lighting company to fill a need for search and rescue operations and distress situations. It immediately set-up business in Newfoundland, dedicated to saving the lives of seamen and airmen in both the military and civilian sectors. It quickly developed into the market leader for the regulated cruise line industry with its’ patented “Digi-Lite”, which was used on the majority of onboard life jackets. Since then it has developed numerous other leading technology SAR products, and several new products are currently in the proto-typing and testing stages. John eventually sold his ownership in EJETL, but stayed on to continue to develop new products for Rutter throughout the years, including the worlds first approved patented LED light for this market.

On Friday July 9th, after completion of months of due diligence, Gunter Weiss, President of Precimold visited Rutter in Newfoundland to complete the transaction in person. Accompanied by Daniel Marginson, General Manager of Precimold, and John Brain who now works for Precimold as its’ R&D Project Leader, the trio were eager to add this acquisition to the growing Precimold portfolio. All manufacturing and final assembly work will be gradually transferred to Precimold’s plant in Candiac as the required regulatory approvals are acquired.

Precision Concepts International Inc. (PCI), a division of Precimold, will be dedicated to the sales and marketing of all current and future products.

Daniel Marginson, General Manager
Precimold Inc.

Tel.: 450-659-2921 ext:19