SOURCE: PinnacleAIS

PinnacleAIS

November 07, 2011 11:00 ET

Pinnacle Asset Integrity Services Recognized as 40th by Aggie 100 Award

Asset Integrity Engineering and Technology Company Recognized for Its Growth and Expansion

HOUSTON, TX--(Marketwire - Nov 7, 2011) - PinnacleAIS, the leading provider of services and technology specializing in improved asset integrity for the oil and gas, petrochemical, and mining industries, has been recognized as one of the 100 fastest growing Aggie-led companies led by graduates of Texas A&M.

The Aggie 100 Award, which commemorates the distinction, is only reserved for those companies that are at least 5 years old, have boasted a 2008 revenue of at least $100,000, and are either led or majority owned by an Aggie graduate. The qualifying companies are then ranked from 1 to 100 by using a Compound Annual Growth Rate (CAGR) based on annual revenues. Pinnacle ranked number 40 on the list.

From 2008 to 2010, Pinnacle has doubled in size. In 2011, Pinnacle has added another 50 jobs, and currently employs over 100 people. In addition, Pinnacle has added two new sectors of business, expanding into both software development and field services. In January of 2011, Pinnacle relocated to Pasadena, where it played a key role in establishing Venture Park, a new technology campus that boasts over 18 acres of development. Ryan Sitton, the founder and CEO of Pinnacle, graduated from Texas A&M in 1998, with a degree in mechanical engineering.

"Since our founding in 2006, Pinnacle has experienced 5 years of continued growth and expansion, and we appreciate this recognition from Texas A&M," said Mr. Sitton, "We recognize what a critical role our higher education system plays in opening these opportunities for all Texans, and look forward to five more years of growth. Texas A&M continues to be recognized as one of the world's leading public universities, and at the same time a strong catalyst for entrepreneurs and small business. Pinnacle owes much of its success to the Aggie graduates that have fueled its growth."

This year's Aggie 100 companies were recognized at a formal luncheon in the Zone Club on the Texas A&M University campus, Friday, November 4, 2011. More than 600 honorees, employees, faculty, administrators, and well-wishers were in attendance. "Since the founding of Texas A&M University, Aggies have been leaving a legacy across all businesses and industries," said Dr. Richard H. Lester, Executive Director of the Mays Business School's Center for New Ventures and Entrepreneurship. "Over the last seven years, the Aggie 100 companies have continuously proven that even in tough economic times, solid business ideas and hard work pay off."

About PinnacleAIS
Based in Houston, TX, PinnacleAIS is a leading technology and services provider, specializing in wholesale improvements in asset integrity for the oil and gas, petrochemical, and mining processing industries. Through innovative technology and world class services, PinnacleAIS offers a unique approach to asset integrity, helping operating companies realize substantial improvements in compliance and safety while simultaneously reducing costs and business risks. PinnacleAIS is a member of numerous trade organizations including The American Petroleum Institute (API).

PinnacleAIS was founded in 2006 and is privately held.

About the Aggie100
Created by Mays Business School's Center for New Ventures and Entrepreneurship, the Aggie 100 is not only intended to recognize the accomplishments of Texas A&M alumni, but also to inspire the next generation and pass valuable lessons on to future entrepreneurs. A culture of leadership is perpetuated through the legacy of the Aggie 100. Equally as important as revenue criteria, the award is only granted to companies who operate according to the Aggie Code of Honor and reflect the values of Texas A&M University.

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