UHY Clients
Specialized Technology Resources
28th February, 2007
Specialized Technology ResourcesSpecialized Technology Resources, Inc. (STR) is a leading testing and compliance monitoring company with laboratories and offices in more than 30 countries around the world.
The company, formerly known as DeBell & Richardson Inc., was founded in 1944 in Springfield, Massachusetts, the US, by two former Monsanto executives. Two years later operations were moved to Enfield, Connecticut, where STR’s current global HQ is located.
The company’s core business is testing consumer products for quality, safety and efficacy before launch. STR conducts safety audits, supply chain inspections, ISO certification and UL (Underwriter’s Laboratories) regulatory services as well as providing consultancy services in the form of risk assessments, expert witness testimonies and regulatory affairs liaison.
STR provides contract testing services to a range of industries including: agriculture, textiles, food products, electrical and electronic products, leather goods and shoes, personal care products, pharmaceuticals, plastics and rubber, toys and household cleaning products. The company employs more than 1,500 scientists, technicians and inspectors at its worldwide locations.
Additionally, through its manufacturing division, STR is the leading manufacturer of encapsulant materials for photovoltaic solar cells and supplies the photovoltaic industry worldwide.
UHY firms in each of the following countries assisted in completing the consolidated financial statements and local tax compliance requirements: China, Hong Kong, India, Spain, Switzerland, Singapore, Taiwan, Turkey, the UK and the US. Approximately 10 audit and tax professionals are involved on the US account alone.
The contract with STR is an ongoing engagement subject to annual approval by STR’s audit committee. Previously STR had engaged a Big Four firm for auditing and tax services.
Barry Morris, STR’s Chief Financial Officer, says: “Shortly after joining STR I encouraged the audit committee to switch to UHY because of my prior experience working with the firm’s NYC office... and my opinion that UHY offered more client responsive service.�
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