Adcole Corporation Appoints J. Brooks Reece President & CEO

MARLBOROUGH, MA--(Marketwired - Jul 31, 2014) - Adcole Corporation, a leading manufacturer of special purpose machines for measuring engine components such as camshafts, crankshafts, and pistons, as well as sun angle sensors for space satellites has appointed Brook Reece President & CEO. Adcole was founded in 1957 by Addison D. Cole who was President & CEO for 57 years, retired at Age 95, and sold the business to Artemis Capital Partners. Terms of the purchase were not disclosed.

Mr. Reece previously served as Vice President Sales at Adcole Corporation for 20 years and is uniquely qualified to lead the company. "Our heritage is one of innovation and trusted accuracy and our vision is to be the most trusted and valued name in the space and industrial metrology industries. We are presently on an extremely fast product development track in response to the rapid technological changes in engine development. Innovation is our heritage and central to our future business strategy," he said.

Artemis Capital Partners is a Boston-based private equity firm that focuses on equity growth investments in outstanding 'industrial technology' companies such as Adcole Corporation.

About ADCOLE Corporation

Adcole Corporation is the global center of expertise for designing and manufacturing the world's highest accuracy machines for measuring camshafts, crankshafts and pistons, as well as digital sun angle sensors for space satellites. No other company can better measure critically important reciprocating engine components or the angle to the sun.

Founded in 1957, Adcole has manufacturing facilities in both Massachusetts and Florida and offices across the world, maintaining close relationships with their customers. The company's success, to a large extent, is based upon responding to their customers' requests for further refinements based upon their real-world experience. Most of these refinements have dealt with the need for higher accuracy and the need to measure more parameters including radius, profile, taper, crown, timing angle, diameter, velocity, acceleration, runout, and roundness and concentricity.