Lancaster, Pennsylvania – July 9, 2007 – Advanced Cooling Technologies, Inc. (ACT) has been named one of Central Pennsylvania’s 2007 Top Fifty Fastest Growing Companies by the Central Penn Business Journal. This honor is based on ACT’s outstanding revenue growth over the past three years.
In addition to this honor, ACT was also among the three finalists for the 2007 Technology Company of the Year Award in the 15th Annual Technology Awards Gala by the Technology Council of Central Pennsylvania on March 23, 2007.
Since its inception in 2003, ACT has enjoyed a more than 80 percent compound annual growth rate in revenues. The company has been profitable from the beginning. ACT has quickly become one of Pennsylvania’s most successful companies in the SBIR (Small Business Innovative Research) field, winning a total of 22 Phase I, II and III SBIR projects in the past 4 years. Leveraging its strong technology base, ACT launched two product groups, the Engineering Services & Products Group and the Aerospace Products Group in 2005 and 2006, respectively. Both groups have been experiencing exceptional acceptance in the marketplace and rapid growths in business.
Currently, more than 65% of ACT’s revenues are from product sales and engineering services. The company’s quality system is certified to ISO 9001 standards for terrestrial applications and AS 9100-B standards for aerospace applications.
“We’re grateful for the awards from the Central Penn Business Journal and the Technology Council of Central Pennsylvania”, said Dr. Jon Zuo, President and Chief Technical Officer of ACT, “We’re fortunate to have a great team of employees who are dedicated to providing advanced technologies and quality products that are well accepted by our customers. We will continue to invest substantially in our staff and facilities to meet our customers’ demands”.