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FOR RELEASE: August 29, 2008 Applied Control Engineering, Inc. Again on the List New York, NY – For the second year in a row, Inc. ranked Applied Control Engineering, Inc. (ACE) on its annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy. “Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.” Applied Control Engineering is a leading supplier of process control engineering and manufacturing management information integration services. Solutions are implemented by configuring commercially available control and IT hardware and software to meet customer’s manufacturing requirements and provide secure product tracking, genealogy, quality data, and reporting as well as robust ties to enterprise-level systems. Major control system/IT platforms include ABB, Allen-Bradley/Rockwell, AspenTech, Emerson/Fisher-Rosemount (DeltaV), GE, Honeywell, Microsoft, OSI Software, Schneider/Square D (Modicon), Siemens and Wonderware. Incorporated in 1991, ACE has grown to more than 100 engineers and support personnel with more than 1000 combined years of control engineering experience. ACE serves a broad customer base in the air separation, biotech/pharmaceutical, chemical, consumer products, food/beverage, metals/mining, oil/gas/refining, and power/utilities industries. ACE has engineering offices in Newark, DE; Danbury, CT; Pittsburgh, PA; Houston, TX; Taunton, MA; Quakertown, PA and Owings Mills, MD. The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com. Hottest Regions for Fastest-Growing Companies The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas. Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies). Hottest Industries for Fastest-Growing Businesses The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average). The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000. Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million). About Inc.com Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com's audience of business leaders. Visit http://www.inc.com. Contact: |
