SOURCE: Transcat, Inc.

April 21, 2005 10:34 ET

TRANSCAT, Inc. Expands Network of Calibration Laboratories;

New Agreement With Hilton Engineering, Inc. Enhances Market for TRANSCAT's Calibration Services in Puerto Rico

ROCHESTER, NY -- (MARKET WIRE) -- April 21, 2005 -- TRANSCAT, Inc. (NASDAQ: TRNS), a leading global distributor of professional-grade test and measurement instruments, announced today that it has reached an agreement with Hilton Engineering, Inc. to acquire the assets of its calibration services facility in San Juan, Puerto Rico, and incorporate it into the international network of TRANSCAT Calibration Services Laboratories, expanding the network to 11 TRANSCAT Calibration Centers of Excellence. Details of the transaction were not disclosed.

TRANSCAT's international network of Calibration Services Laboratories offers its customers the industry's highest quality calibration services and repairs through 11 Calibration Centers of Excellence -- strategically located across the United States, Canada and Puerto Rico -- to approximately 9,000 customers.

Hilton Engineering, Inc. has been TRANSCAT's exclusive sales agent in Puerto Rico for over ten years with a substantial focus on serving the needs of the pharmaceutical industry. Hilton Engineering's calibration services laboratory, which is now a TRANSCAT Calibration Center of Excellence, has established a reputation for superior calibrations and excellent customer service over the past five years. Through TRANSCAT, the company also offers its customers a comprehensive range of test and measurement instruments for the process, utility and pharmaceutical industries.

Hilton Perez, President of Hilton Engineering, Inc., stated, "I am pleased with the growth of calibration services in Puerto Rico and this transfer of our laboratory to TRANSCAT. My customers will continue to receive top-flight service as well as access to TRANSCAT's entire Calibration Centers of Excellence network. This will allow my organization to focus entirely on driving sales of TRANSCAT's Calibration Services."

Carl E. Sassano, Chairman, President and Chief Executive Officer, commented, "Hilton Engineering is an outstanding business partner, for both TRANSCAT's Calibration Services and Distribution Products. Mr. Perez and his sales team, combined with our new TRANSCAT Calibration Services Laboratory in San Juan, have positioned us to be the leading calibration services provider in Puerto Rico.

"Our new TRANSCAT Calibration Center of Excellence in Puerto Rico reflects the on-going implementation of our strategy of expanding our presence in key markets, such as the pharmaceutical industry, by targeting companies that value quality and expect documentation of work performed. The pharmaceutical industry in Puerto Rico plays a major role in the Island's economy. It generates over 30,000 direct jobs, which represent over 25% of the work force generated in the manufacturing sector, 26% of the Island's Gross Domestic Product, and accounted for $37 billion or 67% of all island exports in 2003.

"Through our new TRANSCAT Calibration Laboratory in Puerto Rico, we can now provide customers in the Island's pharmaceutical and other industries with access to an enhanced level of accredited calibration services, as well as access to TRANSCAT's CalTrak® calibration quality program that manages the documentation, tracking and control of the calibration process and provides uniform certificates and data as calibrations are performed."

About TRANSCAT, Inc.

TRANSCAT, Inc. (NASDAQ: TRNS) is a leading global distributor of professional-grade test, measurement and calibration instruments and an accredited provider of calibration and repair services primarily to the process, life science and manufacturing industries.

Through the Company's Calibration Services segment, TRANSCAT offers precise, reliable, fast calibration services through 11 Calibration Centers of Excellence -- strategically located across the United States, Canada and Puerto Rico -- to approximately 9,000 customers. To support their customers' calibration service needs, TRANSCAT delivers the industry's highest quality calibration services and repairs. Each of TRANSCAT's United States and Canadian calibration laboratories is ISO-9000: 2000 registered with Underwriter's Laboratories, Inc. and their scope of accreditation to ISO/IEC 17025 is the widest in the industry.

Through the Company's Distribution Products segment, TRANSCAT markets and distributes national and proprietary brand instruments to approximately 12,000 global customers. TRANSCAT's Master Catalog offers easy access to more than 25,000 instruments, such as: calibrators, deadweight testers, temperature devices, multimeters, oscilloscopes, pressure pumps, testers, recorders, and related accessories -- from nearly 250 of the industry's leading manufacturers including Fluke, Hart Scientific, Agilent, Ametek, Tektronix and GE Druck. In addition, TRANSCAT is the exclusive worldwide distributor for Altek and Transmation products. The majority of this instrumentation requires expert calibration service to ensure that it maintains the most exacting specifications.

Corporate Offices
35 Vantage Point Drive, Rochester, New York 14624
Telephone:  585-352-7777
Fax:  585-352-7788

Contact Information

  • Contact:

    Nicole Bileschi, Marketing Manager
    TRANSCAT, Inc.
    800-828-1470

    Van Negris / Lexi Terrero
    Van Negris & Company, Inc.
    212-759-0290