October 26, 2009

Veracity Technology Solutions Finalist for Most Promising New Business

Veracity Technology Solutions (Veracity), an AGC Aerospace & Defense company, has been selected as a finalist for the 2009 Oklahoma Business Roundtable Most Promising New Business Award.

Veracity president, Gary Hensley, stated, “A number of people have worked hard to launch this business through the development and sale of exceptional technology. We are pleased to be recognized as a finalist for this prestigious award.” Nominees were evaluated based on product innovations, revenue growth, and market potential, among other attributes.

Veracity has been successful in adapting medical grade technology to provide leading edge non-destructive inspection technology and services to the global aerospace and power generation community.

The Oklahoma Venture Forum, the award sponsor, will select the winner; the award will be announced and presented at a banquet following the biennial Bricktown Capital Conference on 26 October.

AGC Aerospace & Defense, a leader in supplying technologies, systems and services that support key commercial and military programs, operates in multiple locations across the United States and abroad. AGC Aerospace & Defense finances, engineers, manufactures, procures, repairs, modifies and overhauls aircraft components, subassemblies and systems.

Acorn Growth Companies is a private equity firm focused exclusively on aerospace and defense opportunities. Today, the firm has over $100 million under management and operating companies across the United States with operations worldwide – all under its primary banner, AGC Aerospace & Defense.