We present a detailed description of the fabrication and operation at
room temperature of a novel type of tunnel displacement transducer. In
stead of a feedback system it relies on a large reduction factor assur
ing an inherently stable device. Stability measurements in the tunnel
regime infer an electrode stability within 3 pm in a 1 kHz bandwidth.
In the contact regime the conductance takes on a discrete number of va
lues when the constriction is reduced atom by atom. This reflects the
conduction through discrete channels. (C) 1995 American Institute of P
hysics.