Park Systems Recognized in Forbes Asia's Best Under A Billion 2023

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Sep 18, 2023, 09:00 ET

SEOUL, South Korea, Sept. 18, 2023 /PRNewswire/ -- Park Systems, a global leader in atomic force microscopy (AFM) and nanoscale metrology solutions, is thrilled to announce its distinguished inclusion in Forbes Asia's "Best Under A Billion 2023." This recognition marks a second appearance for Park Systems in Forbes's prestigious list, following its remarkable inclusion in the Forbes 200 in the year 2020.

Forbes Asia's annual Best Under A Billion list is a tribute to companies that have excelled despite formidable global headwinds such as inflation and rising funding costs. In this year's distinguished list, Park Systems proudly stands as one of Korea's top 16 companies, demonstrating exceptional performance and excellence. This recognition is especially noteworthy considering that over 20,000 publicly traded companies in the Asia-Pacific region were considered.

Park Systems has consistently demonstrated its commitment to innovation and excellence in the field of nanoscience and nanotechnology. This recognition underscores the company's dedication to providing cutting-edge solutions for researchers and industries worldwide. Park Systems has steadily grown its revenue and earnings over the past several years, and it has also invested heavily in research and development. The company's nano-metrology systems including AFMs and ellipsometers are used by researchers and scientists in a wide range of industries, including semiconductor, electronics, materials science, life sciences, and more.

Forbes Asia's Best Under A Billion list employs a rigorous methodology that considers various metrics, including debt management, sales growth, earnings-per-share growth over one- and three-year periods, and strong returns on equity over one- and five-year averages. Additionally, qualitative criteria, such as governance, accounting practices, environmental consciousness, and management performance, were used to ensure the integrity of the list.

"We are deeply honored to be recognized by Forbes Asia as one of the Best Under A Billion companies for 2023 and to represent Korea among the top 16," said Dr. Sang-il Park, CEO of Park Systems. "This acknowledgment reflects our unwavering commitment to innovation, quality, and customer satisfaction. It follows our inclusion in the Forbes 200 in 2020, which speaks to our long-standing dedication to excellence."

Forbes Asia's Best Under A Billion 2023 list is a testament to the resilience and success of Park Systems, and the company looks forward to further strengthening its position as a global leader in the nanometrology industry.

About Park Systems Corp. (KOSDAQ: 140860)

Park Systems is a world-leading manufacturer of atomic force microscopy (AFM), ellipsometry and other nano metrology systems with a complete range of products for researchers and engineers in the chemistry, materials, physics, life sciences, semiconductor, and data storage industries. Its mission is to enable nanoscale advances for scientists and engineers solving the world's most pressing problems and pushing the boundaries of scientific discoveries and engineering innovations. Customers of Park Systems include most of the world's leading semiconductor companies and national research universities in Asia, Europe and the Americas. Park Systems is a publicly traded corporation on the Korea Stock Exchange (KOSDAQ) with corporate headquarters in Suwon, Korea, and regional headquarters in Santa Clara, California, Mannheim, Paris, Beijing, Tokyo, Singapore, India, and Mexico City. To learn more, please visit www.parksystems.com.

SOURCE Park Systems Corp.