We describe an improved experimental method for the generation of cold, directed particle bunches, and the highly accurate determination of their velocities in a pulsed supersonic beam, allowing for high-resolution experiments of atoms, molecules, and clusters. It is characterized by a pulsed high pressure jet source with high brilliance and optimum repeatability, a flight distance of few metres that can be varied with a tolerance of setting of 50 μm, and a precision in the mean flight time of particles of better than 10(-4). The technique achieves unmatched accuracies in particle velocities and kinetic energies and also permits the reliable determination of enthalpy changes with very high precision.