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ARA Maintains Top Position on List of Fastest Growing Technology Companies in New Mexico

ALBUQUERQUE, N.M., June 15, 2015 (GLOBE NEWSWIRE) -- Applied Research Associates Inc. (ARA) was recognized this week as the number one revenue producing company of the New Mexico Flying 40, an annual listing of the state's fastest-growing technology firms based on revenue expansion.

According to The Albuquerque Journal, the success of New Mexico's tech companies in the face of a five-year recession is notable. "This event is truly a celebration of success for New Mexico's companies," said John Freisinger, president and CEO of Technology Ventures Corp., host of the annual awards. "These firms have managed to generate significant revenue that has sustained them through some tough times. They've weathered the storm."

ARA was founded in Albuquerque in 1979 and currently employs over 1,000 people in Albuquerque, across the U.S. and in Canada. The company first appeared on the New Mexico Flying 40 list in 1998, and has been a consistent honoree, appearing at or near the top of the Flying 40′s top 10 revenue companies for 17 years.

"Growth is a core value for us at ARA," said ARA CEO Robert H. Sues, Ph.D. "We are committed to providing a work environment that challenges and rewards our efforts, provides opportunities for our employees to grow, and allows us to pursue work we are passionate about. Organization growth is a byproduct of making this investment in our people."

ARA was among Flying 40 winners honored at a luncheon and awards ceremony held at Albuquerque's Isotopes Park.

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About Applied Research Associates, Inc.

Applied Research Associates, Inc. is an international research and engineering company recognized for providing technically excellent solutions to complex and challenging problems in the physical sciences. Our mission is to provide in-depth and diversified research, engineering, and technical support services. We have a broad range of technical expertise in biomedical engineering, defense technologies, civil engineering, computer software and simulation, systems analysis, and environmental technologies. For additional information, please visit http://www.ara.com.

CONTACT: Ellen Gallegos, ARA Marketing Director 505.214.8217

Source:Applied Research Associates, Inc.