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American Sensor Technologies, Inc. Ranked Number 405 Fastest Growing Company in North America - American Sensor Technologies, Inc. (AST) today announced that it ranked number 405 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies
American Sensor Technologies, Inc. Ranked Number 405 Fastest Growing Company in North America

 

NewswireToday - /newswire/ - Mt. Olive, NJ, United States, 2009/10/23 - American Sensor Technologies, Inc. (AST) today announced that it ranked number 405 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies.

   
 
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Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. American Sensor Technologies, Inc. grew 288% percent during this period.

AST’s CEO, Richard Tasker, credits advanced technology and the contributions of all our dedicated employees with the company’s 288% revenue growth over the past five years. He said, "We started our company with the, all too often unique, philosophy of taking good care of our customers and employees. Being recognized by Deloitte in four of the past six years is evidence that this attitude works." Also noted, “AST is one of 28 Scientific/Technical Instrumentation companies on the list, representing 5.6% of the 500, one of 32 companies in New Jersey, 6.4%, and one of 4 Scientific/Technical Instrumentation companies in New Jersey, 0.8%.”

“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate AST on this accomplishment."

“With its impressive five-year growth, AST has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. ”Deloitte is proud to honor AST for its achievement.”

AST previously received the award for Technology Fast 500™ in 2004, 2005, and 2006. Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.

Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

About American Sensor Technologies, Inc. (AST)

American Sensor Technologies, Inc. (astsensors.com) manufactures MEMS-based pressure sensors, pressure transducers and pressure transmitters that offer the best price-performance ratio in the industry. Manufactured in New Jersey, AST pressure sensing products are built with a full selection of hazardous area and industrial approvals to service customer applications. Common industries utilizing AST sensor products are industrial OEM hydraulic systems, fuel cells, medical gases, HVAC, refrigeration (ammonia, Freon, CO2), Oil & Gas exploration and production, and off-road vehicles. AST’s exclusive, proprietary Krystal Bond™ Technology (an advanced process in which inorganic materials are molecularly diffused onto a metallic surface in the presence of certain gases), produces high-performance pressure sensing products through the use of a single piece of stainless steel. AST offers a variety of UL and CSA approvals for Explosion-proof, Intrinsically Safe, and Non-incendive pressure transmitter applications.

About Deloitte

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (DTT), a Swiss Verein. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each of the member firms operates under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Each DTT member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.

 
 
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Written by / Agency / Source: Macro Sensors

 
 

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American Sensor Technologies, Inc. Ranked Number 405 Fastest Growing Company in North America

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Publisher Contact: Karmjit Sidhu - Astsensors.com 
973-448-1901 info[.]astsensors.com
 
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