PENNSAUKEN, N.J., May 12, 2008 (PRIME NEWSWIRE) -- RCM Technologies, Inc. (Nasdaq:RCMT) today announced that the Engineering News-Record has released its listing of the 2008 Top 500 Design Firms in the United States and ranks RCM #171 based on total 2007 revenues. In the same listing, RCM ranks #10 among all New Jersey-based companies. RCM's Engineering Business Group is a leading provider of consulting and project management services primarily for the energy and aerospace industries.
The growing demand for electric power, the need to restore and identify alternative sources of energy and the need to upgrade the transmission and distribution network are fueling a growing need for RCM's services. Specializing in the restart, conversion, upgrade and lifecycle extension of power generating plants throughout North America, RCM is providing engineering, design, modification and maintenance services to commercial nuclear power, fossil fuel (including coal, oil and gas turbine technology) and hydro generating plants.
Aerospace and defense spending has accelerated in recent years due to the transformation of the armed forces necessitated in part by the need for rapid mobilization and deployment capabilities. The demand for new technology is providing impetus for companies like RCM to support these initiatives by delivering engineering, design and analytical services for mission-critical aerospace programs, such as fixed wing and rotary aircraft and satellite projects.
Rocco Campanelli, Executive Vice President Engineering Services commented "We are very pleased to be ranked among the top engineering companies in the country and it is particularly rewarding to be listed in the Top 10 in New Jersey. RCM Engineering Solutions' capability and strategy is well positioned to support the growth in both the Power Generation and Aerospace industries."
Engineering News-Record, owned by The McGraw-Hill Companies, is a weekly magazine that serves the engineering and construction industry.
About RCM
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in the design, development and delivery of these solutions to commercial and government sectors for more than 35 years. RCM's offices are located in major metropolitan centers throughout North America. Additional information can be found at www.rcmt.com.
The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, those relating to demand for the Company's services, expected demand for our services and expectations regarding our revenues, the Company's ability to continue to utilize goodwill, to continue to increase gross margins, to achieve and manage growth, to develop and market new applications and services, risks relating to the acquisition and integration of acquired businesses, the ability of the Company to consummate acquisitions as to which it executes non-binding letters of intent, demand for new services and applications, timing of demand for services, industry strength and competition and general economic factors. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission.