Electric Fastener Tool Maker Going Public

Jason Sandefur

Electric fastener tool maker Estic Corp. plans a January 30 initial public offering on the Tokyo Stock Exchange’s Mothers market, according to the Nikkei Report.
Estic has designed “servo nutrunners” that operate with a sensor and controller to constantly check rotation angles of nuts and bolts, as well as measure resistance.
“They also play the role of a quality control device” for an automobile assembly line because they can detect scars on nut or other registering abnormal resistance, Estic president Hiroshi Suzuki told the Nikkei Report.
Estic also offers handheld nutrunners for tightening larger bolts. Using proprietary technology, the tools reportedly offer a lower degree of shaking than conventional products as a mechanical reaction to resistance.
The company hopes to raise 600 million yen (US$5.2 million) for plant expansion and new product development, according to the Nikkei Report. Estic was established in 1993 and has 62 employees. Web: estic.co.jp �2006 FastenerNews.com