Core Competency

I. Vision Statement

MagStar Technologies, Inc is an innovative manufacturer of assemblies providing engineering solutions and precision machining, manufacturing, and assembly services to the medical, defense/aerospace, and industrial markets. Magstar strives to grow, provide jobs, and maximize shareholder value.

II. Mission Statement

Our Mission Statement is also our Quality Policy.

MagStar Technologies will provide products and service at a level of quality that meets or exceeds customer requirements, without exception.

Every employee is charged with the responsibility for maintaining the level of quality, through a focus on continuous improvement.

III. Corporate Values:

In addition to the below listed values, please see our corporate ethics statement.

We strive to deliver quality and excellence in all that we do.

We succeed through satisfied customers.

We value our employees.

We maximize shareholder value.

We are responsible corporate citizens.

IV. Goals:

Our goal is to provide quality high performance, high precision products and assemblies to our customers with highly skilled personnel, through engineering solutions and precision machining, manufacturing, and assembly services.

Our goals also include our Quality Policy:

MagStar Technologies will provide products and service at a level of quality that meets or exceeds customer requirements, without exception.

Every employee is charged with the responsibility for maintaining the level of quality, through a focus on continuous improvement.

V. Goods Produced and / or Services Provided:

MagStar divides sales into the following core competencies: Medical, Magnets, Industrial, Conveyors/Factory Automation, and Contract Manufacturing. A common product that is offered throughout many of these core competencies is our centrifuge technology.

VI. A Brief Description / History of MagStar Technologies, Inc.:

MagStar Technologies, Inc. ("MagStar" or the "Company") is a publicly owned company headquartered in Hopkins, Minnesota that trades locally, over the counter, under the symbol �MGST�. MagStar Technologies is a premier supplier in the co-development, prototyping, and quick manufacture of sub-assemblies and complex discrete machined components. MagStar�s technical expertise in design, process, and manufacturing specializes in the �concept-to-production� process resulting in short manufacturing cycle, high performance, and cost effective products such as electro-mechanical assemblies and devices for over two dozen medical, magnetic, motion control, and industrial original equipment manufacturers (�OEMs�). The company manufactures on a contract basis, among other items, close tolerance bearing-related assemblies for the medical device industry. The Company has a unique identity as it emphasizes its design and manufacturing engineering strengths, partnering with customers, providing engineering solutions and machining, manufacturing, and assembly services for efficiently manufactured, long life assemblies. The company has an international reputation for applications and production engineering, and the assembly and testing of tightly toleranced high-speed rotational devices, especially centrifuge devices.

MagStar divides sales into the following core competencies: Medical Centrifuges, Industrial Centrifuges, Conveyors / Factory Automation/ Laboratory Automation, Magnets, and Contract Manufacturing. For over 10 years, ISO-certified MagStar Technologies, Inc. has been a trusted medical centrifuge supplier, using its expertise in design and manufacturing and partnering its engineers and salespeople with well-known, national OEM�s. MagStar�s expertise in Industrial Centrifuges includes manufacturing for internationally prominent engine OEMs with 12 years of history designing, engineering, and manufacturing centrifuges to meet market and emissions requirements. The Company has trademarks and patents in place or pending concerning oil, water, and gaseous vapor centrifuges. MagStar�s expertise in factory automation and conveyors includes serving national and international based high-tech OEMs. MagStar has 15 years of experience designing and manufacturing conveyance devices for factory automation. Industries served include high tech, semiconductor, medical, automotive, packaging, and testing. MagStar has a standard product line designed for competitive, timely, and simplified integration. All products incorporate low-profile features for a reduced footprint, desirable in highly priced real estate. MagStar has successfully established business with OEMs providing customized products from design to production for integration into standard lines. MagStar has a patented product line that evolves with industry requirements, including the recent introduction of a patent pending clean room conveyor. MagStar has over 10 years of history designing, engineering, and manufacturing complex magnet assemblies to meet the exacting requirements of our customers. Other medical products include blood analyzers, thrombectomy proximal motors, organic chemical synthesizers, and valves for medical oxygen delivery. MagStar has over 40 years of history as an integral supplier of manufactured assemblies. The Company also contract manufactures biometric identification assemblies, spindles, precision slides, and complex magnetic assemblies.