====== Precision Engineering AG ======
**Precision Engineering AG (PEAG)** is a producer of [[escapement]] components including [[hairspring]]s in [[Neuhausen am Rheinfall]], Switzerland. It is owned by [[Moser Watch Holding]], owner of the [[H. Moser & Cie.]] brand, which in turn is controlled by [[MELB Holding]] and the Meylan family.

PEAG was founded in [[2001]] by Thomas Straumann to develop and manufacturing high-quality [[escapement]] components, including [[balance wheel]]s and [[hairspring]]s. [[Straumann, Reinhard|Straumann's grandfather]] invented the [[Nivarox]] alloy in [[1931]], and PEAG worked to develop its own production of the material. The company became an independent subsidiary of [[Moser Watch Holding]] in [[2012]] and remains a major supplier for [[haute horology]] brands, including sister brands [[H. Moser & Cie.]] and [[Hautlence]] as well as other well-known companies.

Moser and PEAG collaborated with Institut Straumann AG to develop their own [[hairspring]] alloy starting in [[2001]]. Institut Straumann of [[Waldenburg]] was the originator of the [[Nivarox]] hairspring material, invented by founder [[Straumann, Reinhard|Reinhard Straumann]] in [[1931]]. As Institut Straumann was now focused on manufacturing dental implants, oversight of the Nivarox legacy fell to PEAG.

PEAG and Moser delivered their first "Straumann Hairspring" in [[2007]] in the [[H. Moser & Cie. Henry Double Hairspring]] watch. Use of the Straumann-branded material spread to most other Moser models in the following years, and became one of the major intellectual and industrial properties of [[MELB Holding]] after their formation in [[2012]].

PEAG's alloy, known as PE 4000, is slightly different from the Nivarox formula. Like [[Rolex]], which also developed its own hairspring alloy, PE 4000 was the result of much development in the 2000s.

PEAG supplies hairsprings to [[H. Moser & Cie.]], [[Hautlence]], [[MB&F]], [[Kari Voutilainen]], and others. Production capacity is estimated to be about 50,000 springs annually.

===== External Links =====
  * [[http://en.worldtempus.com/article/watches/innovation-and-technology/hairsprings-what-goes-around-comes-around-20281.html|What goes around comes around, WorldTempus]]
  * [[http://en.worldtempus.com/article/hmoser-et-cie-straumann-hairspring-14299.html|Straumann Hairspring, WatchTime]]


{{tag>MELB_Holding}}