From what I understand, Thermaltronics was formed by some former Metcal engineers after the patent ran out. I have a couple of Thermaltronics tips and they work the same as the OEM Metcal. I got the MX-500P, Talon tweezers and stand in a trade at my local surplus store with NOS parts that I was given. Some prudent and patient shopping on evilBay netted a new RM-3e and WS1. Add 6 tips and I am all in at about $200 USD. I also have a Hakko FX-951. It is an excellent station and I really like it, however, I prefer the wand on the Metcal. It feels more substantial.