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ADEX Machining Makes Inc 5000 List for Fastest Growing Companies

Submitted by: Jason Premo on Aug 19, 2010 at 8:10 pm Tagged with: Aerospace, Defense, Energy, Energy Products Manufacturing, Manufacturing; aviation Source: Inc Magazine

GREENVILLE, SC - Inc. Magazine has named ADEX Machining Technologies, local manufacturer of precision machined aerospace and energy components, as one of the fastest growing companies in the United States. Despite a slow economy, ADEX experienced more than 300% growth in revenue over a three year period, including expansion to a new facility, investment in new capital equipment, and adding over a dozen new employees.

"We are both pleased and humbled to be nationally recognized as one of the strongest small businesses in our industry," said Jason Premo, Co-Owner of ADEX Machining Technologies. "Our continued growth is a testament to the capabilities of a highly skilled and empowered workforce, and a positive South Carolina economic climate that supports and promotes innovation.”

About ADEX Machining Technologies
ADEX Machining Technologies is a one-stop supplier of high precision CNC and EDM machined prototypes and production components for the Aerospace, Defense, and Energy-Power Generation industries. ADEX’s niche is 5-axis machining of tough exotic materials such as Titanium and Inconel, while holding tight tolerances of .0002 inches on complex applications up to 40” in diameter. Examples of the company’s diverse applications include components and assemblies for military and commercial aircraft engines, rocket propulsion, helicopter hardware, and gas turbine combustion systems.

About Inc. Magazine Rankings
Each year, Inc. magazine publishes a list of the fastest-growing companies in the U.S. To be eligible, companies must be U.S.-based, privately held, independent organizations (not subsidiaries of larger companies). Rankings are based on revenue from 2006 (which must be at least $200,000) through 2009 (which must be at least $2 million). Ranking results will be published on Inc. Magazine's web site via inc.com/inc5000 in late August.