MagStar Technologies, Inc. ("MagStar"),
formerly known as Reuter Manufacturing, Inc., is a publicly owned
company headquartered in Hopkins, Minnesota that trades locally, over
the counter, under the symbol "MGST". The Company was established in
1948 and concentrated on machining. In late 2000, the Company acquired
the assets of MagStar Technologies, Inc., a private high-energy magnet
and magnetic assembly company. In early 2001, the Company changed its
name to MagStar Technologies, Inc. to reflect the new character of its
business. In February 2001, the Company acquired the assets of
Quickdraw Conveyors, a provider of conveyors and technology for
factory, laboratory and equipment automation. The magnet and automation
technologies compliment and enable the Company to fully serve the
medical, semiconductor, motion control, and factory automation markets.
The Company today is also a contract
manufacturer of precision-machined components and close tolerance
bearing-related assemblies used in electro-mechanical devices such as
several models of blood centrifuges for a variety of medical
applications. Other growing concentrations include biometric
identification assemblies, spindles, precision slides, complex magnetic
assemblies, and motion control devices for factory or OEM equipment
automation. In order to differentiate itself from its competitors, the
Company emphasizes its design and manufacturing engineering capability
and support.
The Company still manufactures and sells
proprietary self-powered oil centrifuges under the Reuter® Name.
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