ATS: Advanced Technology Services Achieves Double Digit Growth in 2006; Plans International Expansion in 2007
Peoria, Ill. (January 30, 2007) - Advanced Technology Services, Inc., (ATS), the industry leader in managed production equipment maintenance, industrial parts repair and innovative IT solutions, today announced the company achieved double digit growth in 2006, surpassing $135M in corporate revenue for 2006. The company continues on a sharp growth trajectory and has established itself as the leader in outsourced production maintenance.
ATS reached this milestone by implementing a new corporate strategy rooted in innovative human resources and marketing programs to recruit skilled workers, capitalizing on the expansion of the asset management services market that manufacturing analyst firm Frost & Sullivan sizes at $124 billion and growing.
"We were able to surpass our performance goals for the year due to the efforts of each member of the ATS family and their 100-percent commitment to serving our customers", said ATS President Jeffrey Owens. "We will continue to amplify and expand our leadership position in the fast-growing factory asset maintenance services market. We anticipate even stronger performance in 2007, as we broaden our international presence and expand our focus to a growing array of vertical markets."
From its roots as a spin-off enterprise of Caterpillar to its current position as the leader in outsourced manufacturing asset maintenance, ATS has helped its customers increase factory productivity, fulfill a growing need for skilled labor, and improve competitiveness. New customers for ATS in 2006 include: Tennessee Pride, Albany Chicago, Ingram Micro (NYSE: IM) and Pace Industries. ATS also deepened relationships with longstanding customers Eaton (NYSE: ETN), Caterpillar Inc. (NYSE: CAT), Honeywell (NYSE: HON) , GE (NYSE: GE) and Honda Motor Company (NYSE: HMC).
The company also made its first international foray by initiating operations in Monterrey, Mexico. The company will continue its international growth in 2007 by expanding its operations in Mexico and launching programs in the UK
About ATS:
ATS makes factories run better. Advanced Technology Services, Inc. (ATS) improves productivity and profitability for many of the world's most respected manufacturers through the managed services of production equipment maintenance, information technology and spare parts repair. Founded in 1985, ATS employs over 1,700 people across the US and is a member of the National Association of Manufacturers. ATS is headquartered in Peoria, IL with offices and services centers located in Greenville, SC, Chicago, IL, Detroit, MI and Monterrey, Mexico. For more information, visit the ATS Web site at www.AdvancedTech.com.
