PRECIZ, s.r.o. was established in 1995 as a subsidiary of PRÄZI-FLACHSTAHL AG, Everswinkel, Germany. The company began its operations on the leased premises within the complex of aviation company Moravan a.s. in Otrokovice. Its primary focus was the standard production of precision ground tool steel. The cornerstone technology involved was flat grinding on high-power vertical grinding machines. The progressive expansion of allowed the company to begin concentrating on the production of custom semi-products made of steel as well as the complete manufacturing of parts and components based on customer documentation, including heat processing. The technology base was also expanded by CNC milling.