Allied Motion Named to Deloitte's 2015 Technology Fast 500
November 16 2015 - 11:00AM
- 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
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
ken.wyman@alliedmotion.com
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