Mar 5, 2021

. March 5, 2021 As of February 1, 2021, Auburn Bearing & Manufacturing Inc, an American-based designer and manufacturer of thrust bearings, custom bearings, and precision components, is excited to announce that it has acquired the assets of Aurotek TSB, Inc. Aurotek TSB, Inc. is specialized in the production of precision thin section bearings for a broad array of industries. These bearings are used in a variety of applications, namely, for use in defense weapon systems, medical equipment, radar equipment, aerospace guidance systems, packaging machines, industrial assembly machines, and robotics for security, medical, nuclear and defense systems. Peter Schroth, President of Auburn Bearing & Manufacturing, notes that this acquisition aligns with our strategy to expand our product offerings to include American-made precision radial bearings, along with our current thrust ball and roller bearings, in low- to mid-volume production runs and with reasonable lead times. Aurotek TSB was founded by Dr. Don Cancelmo, who spent his entire career working in the thin section bearing industry. Auburn Bearing & Manufacturing had been a supplier of rings and bearing components to the Company since 2011 and is happy to move forward in adding this to our trusted line of bearing products. Previously located in Herkimer NY, the operations and assets of Aurotek TSB will be moved to Macedon, NY, where the business will continue to operate within the Auburn Bearing & Manufacturing facility, located at 4 State Route 350, Macedon, NY 14502. Auburn Bearing & Manufacturing