Brief KOMET GROUP Gmbh

Press Release - For Immediate Distribution

KOMET SERVICE ® Partner Razor Tool celebrated the grand opening of their new facility in suburban Boston

KOMET SERVICE® Partner Razor Tool opened their new facility in Woburn, Massachusetts last month.

WOBURN, MASS. (July 19, 2016) – Razor Tool, a KOMET SERVICE® Partner, celebrated the grand opening of their new facility in Woburn, Mass on Wednesday, June 8th 2016. The evening, which featured a cocktail reception, tool demos and displays, and an announcement ceremony, drew a strong crowd on a warm summer evening. Attendees also enjoyed tours of the brand new facility. The new building provides ample space for Razor Tool’s state-of-the-art 5-axis tool and cutter grinding machinery.

“The grand opening was a huge success,” Tom Whennen, Manager of KOMET SERVICE says. “As KOMET SERVICE continues to grow and expand its reach across North America, our Partners continue to expand as well. This new building is proof that Razor Tool is growing and can provide more and more customers with top-notch service. We were thrilled to have so many people come out and celebrate this achievement with us.”

Razor Tool is the tenth KOMET SERVICE Partner, joining KOMET SERVICE in May of 2015. Razor Tool shares KOMET SERVICE’s commitment to quality service and fast, reliable refurbishment of solid carbide tools. Utilizing state-of-the-art CNC equipment to grind cutting tools of the highest quality, along with their focused, service-based strategy, Razor Tool quickly cultivated and maintained a strong base of repeat customers, and this customer base continues to grow.

About KOMET of America, Inc. KOMET of America, based in Schaumburg, Ill., is the largest subsidiary of the German KOMET GROUP, a global leader in metal-cutting and boring technology and tools. Its KOMET®, DIHART®, JEL®, RHOBEST®, BRINKHAUS, and KOMET SERVICE® brands make KOMET a renowned and trusted leader in the metalworking industry, especially for drilling, boring, milling, and threading operations. KOMET has been an innovator in this industry for over 90 years – beginning with their indexable drilling tools and continuing today with innovations such as their mechatronic tool systems. The company proudly employs over 1,600 staff throughout its 20 subsidiaries, and today maintains a presence in more than 50 countries.

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KOMET of AMERICA, Inc. KOMET of CANADA Tooling Solutions ULC KOMET de MEXICO, S. de R.L. de C.V. 2050 Mitchell Blvd. 2775 Slough Street Acceso 1 Nave 8 No.116 Schaumburg, IL 60193 - 4544 Mississauga, ON L4T 1G2 Fraccionamiento Industrial La Montaña USA CANADA Querétaro, QRO. C.P 76150 Tel: (847) 923-8400 Tel: (905) 551-1743 MEXICO Fax: (847) 923-8463 Fax: (905) 551-1876 Tel: (52)(442) 210-9020 [email protected] [email protected] Fax: (52)(442) 218-2077 www.komet.com [email protected] - Page two -

About Razor Tool, Inc. Razor Tool, Inc. was established in eastern Massachusetts in 2012 to serve local machine shops. They know that in an area of strong competition, price, quality, and delivery alone are not enough to maintain growth. It is for this reason that Razor Tool places a special emphasis on service. With a broad offering of services beyond specials, regrinds, and high performance standard cutting tools, Razor offers high-precision five-axis machining, creating more opportunities to help shops with their most challenging projects.

For more information, contact:

Tony Mardiros Owner, Razor Tool [email protected] 781-654-1582

Tom Whennen Director of Channels, KOMET of America Manager, KOMET SERVICE® North America [email protected] 847-923-2109

Brian Kush Marketing Specialist [email protected] 847-923-2107

KOMET of AMERICA, Inc. KOMET of CANADA Tooling Solutions ULC KOMET de MEXICO, S. de R.L. de C.V. 2050 Mitchell Blvd. 2775 Slough Street Acceso 1 Nave 8 No.116 Schaumburg, IL 60193 - 4544 Mississauga, ON L4T 1G2 Fraccionamiento Industrial La Montaña USA CANADA Querétaro, QRO. C.P 76150 Tel: (847) 923-8400 Tel: (905) 551-1743 MEXICO Fax: (847) 923-8463 Fax: (905) 551-1876 Tel: (52)(442) 210-9020 [email protected] [email protected] Fax: (52)(442) 218-2077 www.komet.com [email protected]