Product category:
Light Emitting Diodes (LEDs)
News Release from: Elekon Industries
Edited by the Electronicstalk Editorial
Team on 03 September 2002
Elekon makes the "Fast 50"
Elekon Industries has been named to Deloitte and Touche's prestigious "Fast 50" programme, a ranking of the 50 fastest growing technology companies in the area.
Elekon Industries has been named to Deloitte and Touche's prestigious "Fast 50" programme, a ranking of the 50 fastest growing technology companies in the area Rankings are based on the percentage of growth in revenues from 1997 to 2001
This article was originally published on Electronicstalk on 16 May 2002 at 8.00am (UK)
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Elekon, along with the other Fast 50 companies, will be recognised at an awards dinner on 10th September 2002 at the Skirball Center in Los Angeles.
"We attribute our success to our quality of product and leadership position in non-invasive medical sensing", says Elekon's CEO Thomas Dietiker.
He also credits customer satisfaction and continual retention of its original customers for its 253 percent revenue growth over the past five years.
"To rank on the Deloitte and Touche Technology Fast 50, companies must have phenomenal revenue growth in a five-year period.
Elekon has proven to be one of the fast-growth success stories in Los Angeles, and we applaud their success and vision", says Gary Dickey, partner, Technology, Media and Telecommunications group, Los Angeles office of Deloitte and Touche.
"Elekon Industries has proven that they have the right stuff to succeed, and we at Deloitte and Touche salute its accomplishments".
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private companies headquartered in Los Angeles; and be "technology companies" defined as companies that produce technology, manufacture a technology product, are technically intensive and/or use technology in problems-solving, or devote a high percentage of effort to research and development of technology.
Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte and Touche Technology Fast 500 programme, which ranks North America's top 500 fastest growing technology companies.
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