American Sensor Technologies Founder Named CFO of Year by New Jersey Technology Council
Released on = June 27, 2006, 6:27 am
Press Release Author = American Sensor Technologies
Industry = Electronics
Press Release Summary = Michael P. Eldredge, Executive VP, COO/CFO of American
Sensor Technologies (www.astsensors.com) and its subsidiaries Macro Sensors and Hong
Kong Sensor Technologies, is a recipient of the New Jersey Technology Council CFO of
the Year Award.
Press Release Body = Each year, the New Jersey Technology Council honors an
outstanding Chief Financial Officer of a technology firm for outstanding
contributions to his/her company performance and accomplishments. Criteria for the
award include: outstanding team building, customer service aptitude, deal
negotiations, major project implementation as well as being a key player in a merger
or acquisition.
Mr. Eldredge, a co-founder of American Sensor Technologies, was awarded the top CFO
of the Year Award by the New Jersey Technology Council on June 9 based on his
outstanding contributions to his successful company. In addition to being one of
three co-founders of American Sensor Technologies, Mr. Eldredge played a key role in
the acquisition of
Macro Sensors, a New-Jersey based sensor manufacturer, in 2005. He was also
instrumental in the seamless integration of the new business into AST without
interruption to customers, suppliers and employees.
“If Macro Sensors was not acquired by American Sensor Technologies, it would have
been sold to another company whose plan was to shut it down to remove the
competitive threat,” noted Michael Eldredge, Executive VP, COO/CFO of American
Sensor Technologies. \"In addition to being a strategic business and product base
fit to our company, Macro Sensors supports AST\'s core belief that manufacturing profitability can be maintained in New Jersey.\"
Prior to founding American Sensor Technologies in 1997, Mr. Eldredge served as Vice
President of Finance & CFO of Townley, Inc. a manufacturer and distributor of
consumer products. A graduate of Middlesex County College and Rutgers University,
Mr. Eldredge resides in Flemington, New Jersey. He is married and has three
children.
About NJTC
New Jersey Technology Council (“NJTC”) organizes the CFO of the Year Award program.
The organization provides business support, networking opportunities, information,
advocacy and recognition of technology companies and their leaders. Founded in
1996, NJTC has more than 1,200 member companies that work together to support their
own enterprises while advancing New Jersey\'s status as a leading technology center
in the United States. For more information, visit the New Jersey Technology’s web
site at http://www.njtc.org/events/cfo2006/finalists.html .
About AST
Incorporated in 1997, American Sensor Technologies serves the world’s most highly
respected Fortune 500 corporations with MEMS-based pressure sensor products. Common
applications of AST’s sensor products are in industrial OEM, hydraulic systems, fuel
cells, medical gases, HVAC/R, refrigeration, oil & gas exploration and off-road
vehicles. Founded by a professional management team with more than 60 years
combined relative industry experience, the unique and complimentary talents of the
management team assures the Company’s ability to manage fast-paced business growth
while sustaining the frequent introductions of new technologies and products. For
more information on American Sensor Technologies, visit our web site at
www.astsensors.com.
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