APS Technology, Inc. Ranked Among the Fastest-growing Tech Companies in North America on Deloitte's 2010 Technology Fast 500™
Connecticut Company Attributes its 167 Percent Revenue Growth to Reliability, Customer Service and Ease-of-use
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Wallingford, CT – Oct. 20, 2010 – APS Technology, Inc. today announced that it ranked number 457 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. APS grew 167% during this period.
Bill Turner, president of APS Technology, credits the company's growing reputation for reliability, customer service and ease-of-use with the company's 167% revenue growth. "APS Technology is one of the few 'traditional' engineering and manufacturing companies in the Fast 500. We're delighted to receive this award again," he said.
"APS Technology and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends APS for this impressive accomplishment."
"APS Technology has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
APS previously ranked 374 as a Technology Fast 500™ award winner for 2009 and ranked 483 for 2005. The company was also recently recognized as one of Connecticut's fastest-growing technology companies in the Connecticut Technology Council's Marcum LLP Tech Top 40. This marked the eighth consecutive year that APS has won the award (or its predecessor, the Deloitte Fast 50).
About APS Technology
APS Technology, Inc. specializes in the design, development and manufacture of electromechanical, instrumentation, sensor, and software designs for the oilfield and other harsh environments. APS has deep engineering expertise in oilfield drilling and sensor equipment, shock and vibration isolation designs, and stress analysis for static and rotating conditions. APS's customers include all of the major integrated multinational oilfield service companies, independent directional drilling companies, MWD service companies and oilfield companies engaged in non-drilling related services. APS also provides engineering analysis, product development services, and proprietary products to customers worldwide.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
For more information please contact:
Brian Stroehlein
Marketing Director
APS Technology, Inc.
7 Laser Lane Wallingford, CT 06492
Tel: 860.613.4450 ext. 121
E-mail: bstroehlein{at}aps-tech.com
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