For nearly four decades, APC has been the industry-standard for reliable power and physical IT infrastructure. Now the leading name in IT departments large and small and among our vast community of channel partners, our history of innovation has pushed our products into the global spotlight with infrastructure, management, and data security solutions protecting organisations around the world. Incorporated in 1981, the American Power Conversion Corporation was established with a focus on research and development into solar electricity. . Formed by three electronic power engineers from MIT, APC then opened a Rhode Island-based manufacturing facility in 1986; the company also produced its first UPS that year, the 450AT+, which received a PC Magazine 'Editor's Choice’ award. In 1988, APC stock was made available for public trade. 1989 brought the introduction of the award-winning PowerChute® software which revolutionised power management, as well as product sales through two major distributors, Tech Data and Ingram Micro. In 1990, APC continued to introduce superior products such as the Smart-UPS® line, now recognised as the industry's premier network power protection solution. That same year President and CEO, Rodger B. Dowdell, Jr., was named New England ‘Entrepreneur of the Year’ by Inc. Magazine. Throughout the 1990s, APC entered other markets with 155 new products such as SurgeArrest® surge protectors, Matrix-UPS®, the industry's first modular UPS, a new generation of Smart-UPS, the company's first Back-UPS Pro® models, and the Symmetra® Power Array™ which revolutionised the industry with redundancy, scalability and serviceability in a single solution. These product developments, the opening of two international manufacturing facilities (Galway, Ireland in 1994 and the Philippines in 1996), as well as the acquisition of Systems Enhancement Corp. and Silcon A/S, drove APC's annual revenue above the $1 billion milestone in 1998.