SupplyChainBrain and AI

Industry Week and AI

Advanced Innovations Ranked as One of Deloitte Technology Fast 50

“By transforming Advanced Innovations into a true business partner that models, scales, and manages operations for electronics manufacturers, we are meeting a growing need in today’s rapidly changing global marketplace,” said Robert O’Donnell, CEO of Advanced Innovations. “Central to AI’s growth and success are the use of innovative technology that allows for collaboration and transparency, a deep focus on understanding the specific needs of each customer and our ability to rapidly customize a supply chain solution that utilizes the right resources wherever they may be geographically located.”

The Fast 50 program, now in its tenth year in Ireland, ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. The average growth rate of the Fast 50 companies named in this year’s ranking is 789%.

Announcing the winners of the Technology Fast 50 program, David O’Flanagan, Partner, Deloitte, Dublin said: “The aim of this year’s Fast 50 was to showcase the resilience and determination of Ireland’s indigenous technology industry and this has certainly been achieved. Our winners show that they are rising above the challenging business environment and are proof that inventive companies will continue to be successful.”

The awards took place in Clontarf Castle on October 15th.  Industry figures speaking at the event included Paul Rellis, Managing Director, Microsoft Ireland; Michael Dwyer, Founder and CEO, Empathy Marketing Limited (Pigsback.com); and Jim Sloane, Lead Technology Partner and Vice Chairman, Deloitte UK.  

Details of the final Technology Fast 50 ranking list are available to download at www.fast50.ie

PR Contact:

Jorge Lavina
CooperKatz for Advanced Innovations
+1.917.595.3047
jlavina@cooperkatz.com

Editor’s Notes:

About Advanced Innovations, Ltd.

Advanced Innovations Limited (“AI”) is an international provider of electronics product design, manufacturing and supply chain solutions to Original Equipment Manufacturers (OEMs) who face rapidly changing customer demand and for whom innovation, time-to-market and delivered cost are critical success factors. It conducts operations in Ireland, China, Canada, India, UK and USA. For more information please visit www.advancedinnovationsinc.com

About the Deloitte Technology Fast 50 Program

To enter the Fast 50 Awards, companies must meet the criteria listed below.  Entries must be sent in electronically, with the necessary supporting documents (audited financial statements).

Entry Criteria:

• Have been operating for a minimum of five years
  
• Considered a technology company, which is defined as producing technology, manufacturing technology-related products, be technology intensive, or use unique technology to solve problems, devoting a high percentage of effort to technology R&D
  
• The parent company must be Irish-owned and have its headquarters in Ireland 
  (subsidiaries of multinational organisations do not qualify)
• Operating revenues must be at least €50,000 for 2004

IRELAND’S ADVANCED INNOVATIONS EXPANDS GLOBAL INFRASTRUCTURE WITH SECOND U.S. OPERATION

Also today, the company announced that it has signed a strategic partnership agreement with Trilliant Incorporated of Redwood City, Calif. Trilliant is a leader in intelligent networks that power the Smart Grid, allowing utilities to optimize the delivery of energy to consumers. Both announcements were made following a business breakfast in New York co-hosted by Enterprise Ireland (EI) and the NYSE Euronext. The event featured an address by Ireland’s new Prime Minister, Brian Cowen, T.D., and was attended by more than 200 guests that included EI client representatives and their U.S. customers, among others.
The U.S. expansion represents another high point for AI, while the Trilliant deal marks an important new partnership milestone. Since entering the U.S. market in 2005, AI has established significant traction in the fast-growing energy, education and RFID sectors and beyond, with customers benefiting from the company’s comprehensive electronics design, manufacturing and supply-chain solutions.

According to CEO, Robert O’Donnell, “The U.S. represents a high-growth market for our company and we’re deeply committed to expanding our investment in the region. Our new Virginia operation will allow us to expand our knowledge-based resources, which, in turn, will enable AI to better serve our existing customers while providing a platform for growth into new market segments.”

While the Huntsville, AL hub will continue to serve as the company’s primary customer support centre, the Virginia operation will serve as AI’s business development hub and will drive the company’s North American strategy. This strategy calls for a focus on specific target markets and companies with differentiated "go-to-market" strategies and disruptive technologies that can be enhanced by AI’s unique services..