Bullet Sensors & Transducers e-Digest, Vol. 60, Issue 10, October 2005: Business News

    (ISSN 1726- 5479)

 

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American Sensor Technologies Named Among New Jersey’s

Fastest Growing Technology Companies

 

Landing, NJ, - American Sensor Technologies, a NJ-based manufacturer of state-of-the-art, MEMS-based pressure sensors, transducers, and transmitters, ranked twenty-fifth in Deloitte’s Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the state by Deloitte & Touche LLP. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 2000 – 2004. Last year, AST placed fifth in the ranking.

 

“With our innovative sensor technology and experienced team of engineers, American Sensor Technologies has been very successful in growing both its revenue and customer base in the highly competitive global sensor market,” states Karmjit S. Sidhu, Vice President Business Development, American Sensor Technologies. “During the past year, we also acquired the capital stock of Macro Sensors, LVDT manufacturer innovators. Through this acquisition, AST can offer a greater depth of sensor products and expertise to better serve its client base and gain even greater market share.” To qualify for the Technology Fast 50, companies must have base-year operating revenues of at least $50,000 and current-year operating revenues of at least $1,000,000 in 2004. The company must be headquartered in North America, owns proprietary technology that contributes to a significant portion of its operating revenues and devotes a significant proportion of revenues to research and development of technology. Winners of the 19 regional Technology Fast 50 programs in North America are automatically entered into the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. Winners of this program will be announced in October 2004.

 

About AST

AST manufacture state-of-the-art, MEMS-based pressure sensors, transducers, and transmitters that offer the best price-performance ratio in the industry. Common applications of AST sensor products are in industrial OEM, hydraulic systems, fuel cells, medical gases, HVAC/R, refrigeration (ammonia, Freon, CO2), oil & gas exploration and production, and off-road vehicles. By combining exotic metals and 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), AST can produce high-performance strain gauge pressure sensors that support the specialized needs of key niche markets. Many AST products are UL listed as intrinsically safe and certified for explosion-proof required environments. Some of the world’s most highly respected industrial Fortune 500 corporations have tested and now use AST products in a wide range of critical and harsh environments. For more information on AST products and technology, go to AST’s website at www.astsensors.com

 

About Deloitte

Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. “Deloitte” refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte’s web site at www.deloitte.com/us.

 

 

Contact:

Karmjit S. Sidhu,

American Sensor Technologies

Tel: 973-398-9900

E-mail: kssidhu@astsensors.com

 

 

 

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