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News Release Media Contact: ADVANCED ASSEMBLY WINS COLORADO COMPANIES TO WATCH AWARD Company specializes in prototype printed circuit board assembly selected for innovative services and triple-digit revenue growth Aurora, CO – May 4, 2009 – Advanced Assembly, an Aurora-based provider of printed circuit board assembly services for design engineers, was named one of the 50 Colorado Companies to Watch, an award presented by the Colorado Office of Economic Development and International Trade. The program recognizes second-stage Colorado companies throughout the state that demonstrate high performance, innovation and exceptional growth. The selected companies make an important contribution to Colorado's economy by collectively providing thousands of jobs and contributing millions of dollars of revenue. Advanced Assembly was chosen primarily for its innovative approach to printed circuit board (pcb) assembly, which provides services specifically for design engineers needing fast, low-volume or prototype PCB assembly. Using proprietary technology to machine place parts on circuit boards, the company is able to profitably focus on assembling prototypes (typically 1-10 boards) while also helping engineers catch potential errors. Before Advanced Assembly, engineers had a difficult time finding a reliable partner willing or able to machine-assemble small quantities of circuit boards, forcing them to assemble boards themselves. Fulfilling this unmet need has provided sustained company growth despite a down economy. Within the last year, Advanced Assembly has doubled its factory and office space, added capacity with additional high-tech equipment and hired new staff. Revenues have grown 489 percent over the past three years. “This award is truly an honor,” said Lawrence Davis, co-founder and CEO of Advanced Assembly. “Our entire team works extremely hard to make sure that even in a tough economy we continue to deliver exceptional innovation and customer service. It is especially rewarding to see our growth recognized by entrepreneurs and small business owners who understand what it takes to build a successful company.” More than 250 companies competed for this award. To be considered, companies must be established and growing privately held companies headquartered in Colorado with six-99 full-time employees. A panel of judges including economic development and banking professionals, entrepreneurs and small business owners reviewed the nominations and selected the award recipients based on their ability to stand out from their competition. 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. Since its inception in 2004, Advanced Assembly has seen its sales grow an average of 200 percent per year. 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 or call 1-800-838-5650. | |
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