Company Overview

Precision Time Systems, Inc is a privately held corporation based in Bolivia, NC.  The company was founded in 1993 by Michael Costabile originally in Hillsborough, NC.  Using his experience both as a basketball referee as well as a licensed Amateur Radio Operator working in his home shop Michael developed the first system and showed it to several influential basketball people including Dick Knox of the North Carolina High School Athletic Association; the late Fred Barakat, then Associate Commissioner of the Atlantic Coast Conference and Hank Nichols, secretary rules editor of the NCAA.  

The NCHSAA first tested the new system in their 1995 State Basketball Championships and was met with great success.  This lead to a rule change in the National Federation of High Schools (NFHS) allowing the technology to be used in high school competition in 1996.  Also in 1996 Hank Nichols of the NCAA stated that Precision Time was deemed to be legal equipment and allowed to be used in NCAA competition.

The first college leagues to adopt Precision Time were the Central Intercollegiate Athletic Association (CIAA) and the then Pacific 10 Conference (Now Pac-12) for the 1996-1997 season.  This has grown to over 275 Division I schools that use Precision Time for their regular season and tournament games.  In 2015 the NCAA Men’s and Women’s Division Basketball Tournaments adopted Precision Time, which combined for a total of 132 games played in 22 day footprint.

On the professional level The National Basketball Association adopted Precision Time in 1997.  Over 24000 NBA games have been played using Precision Time to date including regular season games played in London and Mexico City.  The Euroleague and EuroCup competitions also use Precision Time and in July 2015 voted to make Precision Time the preferred Timing System.  In addition many of the national basketball leagues in Europe are Precision Time customers.

Precision Time has also been used in many major international competitions, including the 2004 and 2008 Summer Olympic games in Athens and Beijing, the 2002, 2006 and 2010 FIBA World Basketball Championships.  

Today Precision Time has over 1000 customers worldwide in youth, college and professional leagues.  

Michael Costabile, President CEO

As the President of the Precision Time Systems Company and the inventor, I want to thank you for visiting our web site and invite you to explore the implementation of our equipment in your Sports program.

Signed:
Michael J. Costabile
Michael J. Costabile, President

 

                                                                  

 

 

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