ATLANTA, March 7, 2007 (PRIME NEWSWIRE) -- Advanced Control Systems, Inc. (ACS) today announced highlights of its 2006 results and announced its 2007 smart grid marketing program.
During 2006, ACS accomplished critical and ground-breaking system and automation application deliveries to utility customers. ACS will focus during 2007 on the expansion of smart-grid programs for new and current customers.
"I'm pleased with the early returns we are seeing from our multi-year R&D investments in smart grid market opportunities," said Advanced Control Systems president David Moore. "ACS is strategically positioned ahead of our competition to deliver smart grid solutions today. We remain intensely focused on customer satisfaction and sustained product innovation."
2006 Summary Highlights:
-- ACS fortified its core public power and cooperative segments with
smart grid solutions in OMS and distribution automation, and
increased bookings in the second half of 2006 vs. the same period
of 2005.
-- ACS grew its proforma percentage of sales from investor owned
utilities over the past 2 years, reflecting success in an ongoing
campaign to penetrate the investor owned utility market.
-- ACS secured new contracts and contract expansions with utilities
including, among others, United Illuminating, Oklahoma Gas &
Electric, NSTAR, ConEd, PPL Electric Utilities, Duquesne Light
Company, SDG&E, Nevada Power and International Transmission
Company.
-- ACS launched the U.S. utility market's first distribution system
simulator in production at San Diego Gas & Electric. The system
represents ACS' commitment to market leading research, thought
leadership and development in partnership with leading customers.
-- ACS delivered an expansion of the world's most advanced
self-healing grid program at the Taiwan Power Company in
Taichung.
-- ACS set a manufacturing record in May 2006 with the highest
substation automation production output in the company's history.
ACS president David Moore concluded, "As we approach the 32nd anniversary of our founding, I am particularly proud of the performance of our team in 2006. We expect the significant investments we have made in integrated smart grid solutions over the past several years to yield significant growth in 2007 as we focus on delivering cost-effective and innovative solutions that meet the emerging smart grid needs of the global electric utility market."
About Advanced Control Systems, Inc.
Established in 1975, Advanced Control Systems (ACS), Inc. is a leading provider of smart grid solutions to the global electric power industry. The ACS software suite provides integrated distribution and outage management, simulation, optimization, and enterprise business intelligence. ACS automation product lines include a wide range of flexible and cost-effective substation, distribution, and feeder automation solutions. ACS is powering the utility of the future - today. For more information visit www.acsatlanta.com.