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Advanced Assembly Reports Q1 Double-Digit Growth and Record Number of New Customers PCB Assembly Company Solidifies Market Leadership Position Aurora, CO – April 13, 2010 – Advanced Assembly, a leader in SMT assembly services for printed circuit boards, today announced its growth results for Q1 2010. The company ended the quarter with strong double-digit growth, signed a record number of new clients, and invested in several new quality processes. The rapid growth and sustained market share extends the company’s trend of double-digit revenue growth for each of the past five years. Advanced Assembly ended Q1 with revenues 45% higher over the same period last year. In March, the company shipped its highest number of orders since inception, delivering 70% of them early. The company continues to be profitable with no debt. Advanced Assembly’s successful operating performance is an extraordinary accomplishment against the background of a deep recession that caused many competitors to downsize. An important contributor to the financial results was new client growth. The company added a record-setting number of new clients in Q1 2010 and now serves 23 of the Fortune 500 companies in industries including medical, aviation, automotive, telecom, defense and communications. Additionally, the company now ships to international clients in 14 different countries. With a very active sales pipeline and streamlined operations, the company is well positioned for another 30-50% growth in 2010. “Our performance in Q1 and this past year is a testament to the quality and dedication of our employees who work closely with customers to ensure every board is assembled quickly and accurately,” said Lawrence Davis, President and CEO of Advanced Assembly. “Their skill and commitment have allowed us to exceed customer expectations and deliver machine-assembled printed circuit boards in 3-days or less, which is unprecedented in the industry. With a strict focus on pcb assembly, we anticipate continued growth and success as the economy recovers.” Advanced Assembly solves a big problem for design engineers needing fast, low-volume or prototype PCB assembly. Unlike other assembly firms, the company quickly machine-places components for orders as small as one, helping engineers shorten their product development cycle and providing an attractive alternative for engineers looking for fast, precise SMT assembly. Advanced Assembly’s strong financial footing has allowed the company to continue to invest in innovative technologies and capabilities that strengthen its position as the only pcb assembly company to provide machine-placed assembly services for low-quantity and prototype orders. In the past six months the company has installed a secure inventory management department, new mantis scopes, reflow oven, in-line washer and two MyData machines. Advanced Assembly also has a new flying probe test machine available upon customer request. The company remains distinguished for its commitment to quality with multiple years of ISO 9001:2008 certification that verifies Advanced Assembly is in compliance with the stringent quality policies and requirement defined by the ISO organization. The company also is working on AS 9100 certification. About Advanced Assembly Advanced Assembly is an Aurora, Colorado company specializing in quick-turn, SMT assembly for design engineers needing low volume or prototype printed circuit board assembly. With customers like Motorola, AT&T and Intel, and close supplier relationships with Digi-Key, Mouser and Arrow, Advanced Assembly is quickly becoming the industry leader for prototype printed circuit board assembly. For more information visit http://www.aapcb.com or call 1-800-838-5650. ### | |
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