(1888PressRelease)
January 06, 2009 - Press Automation Technologies Pte. Ltd (PATEC), a Singapore company has made it to Number 6 in the Enterprise 50 (E50) list this year. At the Enterprise 50 and e50.startup Gala Dinner and Award Presentation, Minister Lim Swee Say of Prime Minister’s Office officiated and gave away the awards to the winning companies. The Enterprise 50 award, now in its thirteenth year, was created by Accenture and The Business Times in 1995 to identify, support, recognise and reward enterprising privately-owned across all sectors.
“Our PATEC press machines are well-known in our ability to produce highly precision parts at high speed. PATEC plays a critical role in the success of the harddisk industry in Singapore. Harddisk industry are known notoriously for their demand for speed and ultra-high precision amongst miniaturization. Over the years, our superior knowledge in fine cold form technology has helped many of our customers produce 3D metal parts with press technology. We work together with our customers to reduce multi processes such as cold forging, precision machining, sintering and welding into a single press process, thereby improving their production efficiency, decrease cost, reduce rejects and wastages. Our customers are much more competitive, enhancing their tier 1 supplier status to world class companies such as Seagate, Western Digital. ” said Michael Wee, CEO of Press Automation Technologies Pte Ltd(PATEC).
“We are also pleased to announce that our technology are well received by world auto makers. Our PATEC technology are now used for automotive parts made for Toyota, Honda, Volkswagen and Renault. We are proud to say that wherever you are in the world, whether in America, Europe or Asia, you are likely to find components with traces of PATEC technology inside.” added Mr Wee, CEO of PATEC.
Mr Seah Chin Siong, Country Managing Director of Accenture and co-chairman of the Enterprise 50 Steering Committee, said “The E50 list represents the cream of Singapore’s entrepreneurship. With the stringent criteria set, only a handful of top local privately-held companies make the mark each year and serve as an inspiration for others to follow.”
“This year’s winners had the leadership, courage and vision to respond vigorously to an increasingly competitive business environment. They have embraced the spirit of entrepreneurship and demonstrated the mark of excellence,” he added
Mr Loh Khum Yean, SPRING Singapore’s Chief Executive, said “Among the winning companies are local SMEs who have developed valuable intellectual property and scalable business models with global market potential. They have done so by being early adopters of technology and investing in R&D. SPRING will help to enable more of such SME success stories by working with research institutes, polytechnics and private research facilities for our enterprises to tap on, to boost their innovative capabilities and accelerate their growth.”
Press Automation Technologies Pte. Ltd (PATEC) is a MNC based in Singapore with staff strength of 500 worldwide. PATEC is the preferred equipments provider to world class leaders in the harddisk industry and automotive industry. PATEC’s superior fine cold form technology is well suited in the production of small 3D metal components into single press process, eliminating expensive machining, sintering and welding. This is achieved with press process efficiency without compromise to precision and significantly reducing overall production cost. Press Automation Technology Pte Ltd (PATEC) currently has technology solution centers in Singapore, China, Indonesia and Hungary (2009). For more information on how its technology can assist you, please contact Mr Chng Kee Peng, Managing Director at 65-62578122 or chngkp ( @ ) patec-intl dot com dot
Press Release by Raymond Chua, CFO, PATEC
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