- Allied Motion recognized as one of the fastest growing technology companies in North America
- Attributes 125% revenue growth to both new product-driven organic growth and strategic acquisition growth
AMHERST, N.Y., Nov. 16, 2015 (GLOBE NEWSWIRE) -- Allied Motion Technologies Inc. (NASDAQ:AMOT), a global designer and manufacturer of motion control products, today announced it ranked 465 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Allied Motion's revenue grew 125 percent from 2011 through 2014.
Allied Motion's Chairman and Chief Executive Officer, Richard S. Warzala, credits Allied's growth to the Company's progressive efforts to continually develop new and innovative motion control products which serve its expanding customer base combined with the Company's strategy to acquire businesses that extend Allied's product offering or serves new markets and customers.
Mr. Warzala noted, "Allied Motion provides motion solutions that change the game for our customers by offering them products that provide incremental value, which, in turn, enhances their value proposition for their customers."
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level, be it towards introducing new solutions or entering new markets, and with it make important and long lasting impressions on the technology market as a whole."
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte's 2015 Technology Fast 500™:
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
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 four years and be headquartered within North America.
About Allied Motion Technologies Inc.:
Allied Motion (NASDAQ:AMOT), headquartered in Amherst, NY, has global operations that are focused exclusively on serving the motion control market. The Company designs and manufactures motor and electronic motion control products for a broad range of industries in the commercial, industrial, vehicle, and aerospace and defense sectors.
Allied Motion's products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, modular digital servo drives, motion controllers, incremental and absolute optical encoders, and other motion control-related products.
The Company routinely posts news and other important information on its website at http://alliedmotion.com.
CONTACT: Ken Wyman Vice President of Marketing 716-242-7535 firstname.lastname@example.orgSource:Allied Motion Technologies, Inc.