Precision, Inc. (also known as Precision Electronic Components) was founded in 1919 and is headquartered in Minneapolis, Minnesota. The company is a premier designer and manufacturer of custom and standard magnetic components, including inductors, transformers, and chokes for power conversion and filtering. Its product portfolio covers surface-mount power inductors, toroidal inductors, gate drive transformers, common mode chokes, and planar magnetics. Precision also specializes in custom-engineered solutions for demanding applications in industrial automation, medical devices, instrumentation, and aerospace. With additional engineering and manufacturing operations in Fort Collins (Colorado), Seattle (Washington), Mexico, and China, the company serves a global customer base. Backed by over a century of expertise in magnetic materials and winding techniques, Precision delivers compact, high-efficiency designs. Its products are recognized for high reliability and are often deployed in mission-critical systems where failure is not tolerated. The company holds ISO 9001 and other quality certifications, ensuring consistent manufacturing excellence. While not a volume leader in the overall electronic components market, Precision occupies a respected niche as a go-to supplier for specialized custom magnetics in industrial and medical sectors.