APS Technology, Inc. Ranked Among the Fastest-growing Tech Companies in North America on Deloitte's 2011 Technology Fast 500™
Connecticut Company Attributes its 325 Percent Revenue Growth to Reliability, Customer Service and Ease-of-use
Wallingford, CT – Oct. 19, 2011 – APS Technology, Inc. today announced that it ranked number 272 on Deloitte's Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. APS grew 325% 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 325% 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, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth – against the backdrop of one of the most a challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes APS for its remarkable accomplishment."
"We are pleased to honor APS Technology as a 2011 Technology Fast 500™ company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, APS has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
APS previously ranked 457 as a Technology Fast 500™ award winner for 2010, 374 for 2009 and 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 ninth 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's 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
For more information please contact:
APS Technology, Inc.
7 Laser Lane Wallingford, CT 06492
Tel: 860.613.4450 ext. 121