We present the experimental results of extremely precise timing in the sense of time-of-arrival measurements in a local time scale. The timing device designed and constructed in our laboratory is based on a new concept using a surface acoustic wave filter as a time interpolator. Construction of the device is briefly described. The experiments described were focused on evaluating the timing precision and stability. Low-jitter test pulses with a repetition frequency of 763 Hz were generated synchronously to the local time base and their times of arrival were measured. The resulting precision of a single measurement was typically 900 fs RMS, and a timing stability TDEV of 4 fs was achieved for time intervals in the range from 300 s to 2 h. To our knowledge this is the best value reported to date for the stability of a timing device. The experimental results are discussed and possible improvements are proposed.
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