Park Systems, Suwon, Korea, was selected this year for Forbes Asia\u2019s Best Under A Billion list spotlighting 200 top performing publicly listed companies in the Asia-Pacific region with sales under $1 billion.<\/p>\n
Park Systems, founded in 1997 by Dr. Sang-il Park, is a global market leader in the atomic force microscopy (AFM) industry. Park Systems holds 32 patents related to AFM technology that enables unprecedented high accuracy in sub-nanometer measurements, full automation metrology, and non-contact scanning.<\/p>\n
Companies on the list were selected from a group of 18,000 qualified in the region with criteria ensuring a geographic diversity of companies from across the region. Consideration was based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity.<\/p>\n
According to Forbes Asia, the list of companies in the Best Under a Billion group also demonstrated their strength when faced with the pandemic, thriving in the face of adversity by adapting quickly to today\u2019s business environment.<\/p>\n
\u201cMaking the Best Under A Billion list is no easy feat. For these small and midsized companies, the pandemic presents a true test of their ability to find ways to survive and even thrive in the face of adversity,\u201d according to Forbes. The companies chosen showed resilience in adapting quickly to a new and challenging business environment.<\/p>\n
Park Systems quickly adapted a virtual platform at the onset to seamlessly continue to grow its business operations during the pandemic. It reported earnings for 2020 surpassing the previous years and a healthy pipeline of orders, resulting from their agility and leadership.<\/p>\n
\u201cPark Systems is honored to be selected as Best Under a Billion by Forbes Asia in 2020,\u201d commented Dr. Sang-il Park, CEO and Founder, Park Systems. \u201dOur strategic plan to grow our AFM business globally has been steadfast resulting in continuous gain in stock price and investor confidence, surpassing the $500 million mark in company valuation.\u201d<\/p>\n
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