June 7, 2013
Saint Paul/Minneapolis, MN (June 5, 2013) – The world’s automation market is poised for explosive growth and PAR Systems, Inc. is leading the way to enable more efficient and flexible manufacturing. The rate of growth of the world automation market is expected to increase from around 6.5% a year currently to well over a 20% rate after 2015. To stay competitive manufacturers will need innovative and tailored solutions from experts in automation.
“We are an innovative engineering systems company whose equipment and services dramatically impact our clients’ value to their customers,” states Mark Wrightsman, President and CEO of PAR Systems. “A good example of the type of work we are doing is providing automaton systems to enhance the quality and productivity of aerospace manufacturing and inspection of the finished product, thereby lowering the cost of planes and air travel.”
PAR Systems is working to provide innovative automation solutions to support production of the 787 Dreamliner, and the F-35 Joint Strike Fighter aircraft with laser technology to inspect carbon fiber parts.
Unlike many companies that ventured into robotics and automation systems, but didn’t succeed, PAR Systems has seen significant growth for more than fifty years. From manufacturing solutions for medical device manufacturing to heavy material handling, PAR’s solutions come to life on our newly designed website at www.par.com.
About PAR Systems
PAR Systems, a portfolio company of MML Capital Partners (www.mmlcapital.com), is a world leader in providing advanced intelligent solutions for critical material handling, automation, and robotic applications that drive customer quality, safety, and productivity. Since 1961, PAR has created fully integrated systems, which are often first-of-a-kind manufacturing solutions, for a broad range of industries including aerospace, hazardous material/nuclear, life science and process automation, marine/defense, heavy material handling, and industrial. Headquartered in Minnesota, PAR Systems has global engineering and manufacturing centers of excellence. For more information on PAR Systems, visit www.par.com.
 Catherine Wood (February 6, 2013) Investing in the Robot Revolution: Part 2. The AllianceBernstein Blog on Investing. Retrieved from http://blog.alliancebernstein.com/index.php/2013/02/06/investing-in-the-robot-revolution2.