ATI Industrial Automation has been named to Deloitte and Touche’s prestigious Technology Fast 50 Programme for North Carolina, a ranking of the 50 fastest locally growing technology companies.

ATI Industrial Automation has been named to Deloitte and Touche’s prestigious Technology Fast 50 Programme for North Carolina, a ranking of the 50 fastest growing technology companies in the area by Deloitte and Touche LLP, one of the nation’s leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002. This year’s North Carolina Technology Fast 50 programme is co-presented by Deloitte and Touche LLP, one of the nation’s leading professional services firms, with Wachovia Corporation, Womble Carlyle Sandridge and Rice, Robert Half Finance and Accounting, Business Leader and the Council for Entrepreneurial Development (CED).

ATI’s CEO Keith Morris credits the company’s strong revenue growth to the diversity of customer applications that ATI serves.

He said, ‘This diversity in customer-base coupled with our focus on product innovation and customer service has allowed us to succeed in a sluggish economy.’ To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a ‘technology company’ defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 20 regional Technology Fast 50 programmes in the United States and Canada are automatically entered in the Deloitte and Touche Technology Fast 500 programme, which ranks North America’s top 500 fastest growing technology companies.