Pemnet.com sells fastening product and installation equipment
Title
PennEngineering - home of PEM, SI, Atlas & PEMSERTER
Description
K.A. Swanstrom obtains license from RCA for a new type of clinch nut, which was screw machined from square stock. Improving substantially on the original RCA patent, Penn Engineering develops its first product, the original "S" nut which was screw machined from round stock. Later that year, a cold-headed clinch nut was developed, and the "CL" type was born.
Company officially registers its stock on the Over-The-Counter Exchange (NASDAQ) with the symbol PNN, and application and admission to the American Stock Exchange was approved.
