Progresstech, Ltd. has entered the top ten largest engineering companies in Russia by the “Engineering in Russia – 2008 Outcomes” Rating sponsored by the Production Management Magazine, Nos 5-6 (May-June) of 2009, and moreover the company is ranked the first in consulting engineering, an engineering business line related to the intellectual property services.

The first all-Russian rating of engineering services has covered all the engineering lines in various industries and was intended to collect and represent the true and correct information to any concerned parties on the condition of the Russian engineering services market for 2008 and also to review the established marketing niches and indentify the recent trends of the market development.

Nikolay B. Vasiliev, Director Generator of Progresstech, Ltd. believes the revenue growth in 2008 has been impacted by the increased engineers’ skill level resulted in a relevant rise in the performed work costs. Moreover, according to Nikolay Vasiliev, this growth for the consulting engineering line shall continue in 2009 with a certain redistribution between various trades.