Hardinge Inc. (Hardinge) is a machine tool manufacturer, which designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. Sales are primarily to customers in North America, Europe, and Asia. A substantial portion of the Company’s sales are to small and medium-sized independent job shops, which in turn sell machined parts to their industrial customers. Industries directly and indirectly served by the Company include aerospace, automotive, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment, telecommunications, and transportation. Hardinge has manufacturing facilities in the United States, Switzerland, Taiwan and China. In addition to its machine lines, the Company offers a line of workholding devices available in the industry, which may be used on both its machines and those produced by others.