====== Progress Watch ======
**Progress Watch** was a Swiss/American/Dutch movement manufacturer founded in [[1999]] and absorbed into [[Dimier 1738]] in [[2006]].

===== History =====
Progress Watch AG was founded in [[1999]] in Bienne/Biel Switzerland as a subsidiary of Progress Watch Company of Las Vegas, Nevada. In [[2000]], the company purchased a production facility in [[Tramelan]], Switzerland. The company was traded on the NASDAQ in the United States in 2000 under the symbol, PROW.

By [[2001]] the company gained attention for producing a large volume of affordable [[tourbillon]] movements. Cal. 6361 was a tourbillon that leveraged many [[ETA 2892A2]] components, a situation that caused conflict with [[ETA]]. Internal difficulties and liquidity problems hinder the further production and the company declared bankruptcy later that year.

Progress was purchased by a Dutch group in [[2003]] and renamed **Swiss Time Technology (STT)**. The company diversified and turned their focus away from affordable tourbillons. Progress created a [[hairspring]] factory, Spirit, giving them unique production capabilities. During this time, the tourbillon was further developed and renamed Cal. 13.21, with a longer power reserve and other modifications. STT tourbillons were also used in the [[Antoine Preziuso]] 3volution triple-tourbillon. The company was able to produce these movements in volume for clients like [[Alain Silberstein]], [[Chronoswiss]], [[EPOS]], [[Frederique Constant]], [[Jacques Etoille]], [[Joseph Chevalier]], [[Technomarine]], and [[UTS]]. At this time, "STT Complications" began producing advanced haute horology movements for [[Bovet Fleurier]] while "STT Mechanical Movements" specialized in more mundane movements and components.

In [[2006]], STT was purchased by [[Pascal Raffy]], owner of [[Bovet Fleurier]], [[Aubert Complications]], and [[Valor, Lopez & Villa]]. It was eventually combined with the rest of Raffy's holdings to become [[Dimier 1738]]. From [[2006]] STT pursued with the project START the development of the "Triple Axes Tourbillon Movement". [[2008]] the START Tourbillon was presented with great success at the watch fair [[Baselworld]] and the [[SIHH]] in [[Geneva]]. The company refined their signature tourbillon as well, presenting Cal. 13.75 with 110 hours of power reserve and a date wheel rather than open heart. And STT turned to more mundane movements, especially Cal. 11.50, an automatic movement available in many variants for clients including [[Jacques Etoile]].

Progress worked with [[Peter Speake-Marin]] on his work with [[Harry Winston]], supplying components and expertise. The company also developed advanced tourbillons for [[Bovet Fleurier]] and others. It continues to this day as part of [[Dimier 1738]].

===== Address =====
Progress Watch Corp.\\ 

3155 East Patrick Lane, Suite 1\\ 

89120 Las Vegas, Nevada, USA\\ 

//Office Switzerland// Progress Watch Corp.\\ Ryf 21\\ CH-3280 Murten\\ Tel. +41 (0)26 670 09 32\\ Fax +41 (0)26 670 09 34\\ info@progresswatch.com

===== External Links =====
  * [[https://reference.grail-watch.com/movement/progress-6361/|Progress 6361]]
  * [[http://www.horology.ru/en/workshop/tourbillon2.htm|Joseph Chevalier with tourbillon. Cal. CH 1760]]


{{tag>Movement_manufacturers Movement_manufacturers_Switzerland Jura_triangle}}