Faustson Tool Honored at Annual Industry Appreciation Award Breakfast

LOVELAND, CO, April 04, 2013 (Press-News.org) Faustson Tool (www.faustson.com), a worldwide leader in five-axis manufacturing technology, was recently honored by the Jefferson County Economic Development Corporation (www.jeffco.org) at the 20th Annual Industry Appreciation Awards Breakfast. At the March 21st event, held at the Arvada Center for Arts & Humanities, Jeffco EDC presented Faustson with a Business Recognition Award for the company's growth in primary employment and capital investment.

"Receiving an award like this requires the right combination of management, stellar employees, and the latest and greatest equipment, and I feel as though we have all of those elements in place," said Faustson Director of Operations Heidi Hostetter. "We continue to take pride in our tenacity and commitment to remain pioneers in the precision manufacturing and machining industry here in Colorado. Watch what we plan to unveil in 2013!"

Faustson Tool was nominated for the award by the Colorado Association of Manufacturing and Technology, and was recognized based on the company's substantial contributions to the community and its reputation for innovation and excellence. In 2012 Faustson Tool increased employment from 15 to 20 highly skilled employees, and added more than $850,000 in capital investment. Other organizations receiving Business Recognition Awards included Adaptive Innovations Corp., the Coleman Company, Datalogix, Rocky Mountain Bottle Company, SourceGas, and Sundyne Corp.

"As we try to encourage job growth and capital investment in Jefferson County, it is important for us to recognize the businesses and individuals who have made significant contributions in these areas over the past year. In Jeffco, we are fortunate to have a healthy mix of innovative and growing businesses. They have earned this recognition," said Kevin McCasky, President and CEO of Jeffco EDC.

Faustson Tool has been a presence in the community for more than 30 years. Founded in 1981 by Paul and Alicia Svaldi, Faustson began as a small business in an 80-square-foot space, with one milling machine and two employees servicing off-load machine shops. The Svaldi's keen insight into the future of high-precision manufacturing placed them on the cutting edge of manufacturing technology, where they have been ever since. In the 1980s, Faustson was the first manufacturer to demonstrate the benefits of electric discharge machining technology (EDM), also known as "spark eroding". In the 1990s Faustson was the first to demonstrate the benefits of five-axis milling and its potential to change the face of manufacturing. Five-axis milling machines have a cutting accuracy of five millionths of an inch, smaller than a strand of hair.

Today, Faustson Tool has grown into a 16,000-square-foot facility with more than 20 highly skilled employees, and is owned and operated by Alicia Svaldi. Faustson Tool remains in the vanguard of the manufacturing industry, continuing a tradition of pioneering the newest technology and pushing its limits. Faustson Tool takes on the most challenging applications only a few U.S. companies can handle, using high-end precision machining to do things no one else in the industry thinks can be done. Faustson's reputation for innovation and determination has earned the company prestigious clientele: Faustson Tool was called upon to manufacture a key component in NASA's Kepler space telescope, and has worked with Bell Aerospace to produce parts for the U.S. F-35 Lightning II Joint Strike Fighter jet.

About Faustson Tool
Faustson Tool, a worldwide leader in the machining industry, provides services for clients worldwide in medical, aerospace, aeronautics, defense, semiconductor and other industries. The company, founded in 1982, provides 3-, 4- and 5-axis milling and 5-axis EDM services, as well as turning capabilities for cutting-edge custom part production, and efficient production of standard parts. Faustson Tool is woman-owned-and-operated small business. For more information, visit http://www.faustson.com, email hhostetter@faustson.com or call (303) 420-7422.

About Jefferson County Economic Development Corporation
Jeffco EDC was founded in 1955 and is the oldest economic development organization in Colorado. Jeffco EDC's mission is to strengthen the economic vitality of Jefferson County through the creation, retention, and expansion of primary jobs. The Jeffco EDC Board of Directors represent a broad spectrum of industries, city and county government, and use their considerable experience and resources to attract and guide job creation in the county. Jeffco EDC is funded by the financial investment of its members. For more information, visit http://www.jeffco.org, email info@jeffcoedc.org, or call (303) 202-2965.