Pentadyne Ranked Number 110 Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500™
CHATSWORTH, Calif.–(BUSINESS WIRE)– Pentadyne Power Corporation (www.pentadyne.com), the world leader in flywheel energy storage systems, today announced that it ranked number 110 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Pentadyne grew 1552% during this period. Pentadyne’s CEO, Mark McGough, credits loyal customers as well as the value delivered by Pentadyne’s clean energy storage systems with the company’s 1552% revenue growth over the past five years.
He said, “We are proud to be identified by Deloitte as one of the Technology Fast 500. This is an acknowledgement of the growth Pentadyne has experienced, as well as recognition of the advanced flywheel technology that our company provides. Our growth is a testament to the value our customers have found in Pentadyne’s clean energy storage products.”
“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate Pentadyne on this accomplishment.”
“With its impressive five-year growth, Pentadyne has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Pentadyne for its achievement.”
Pentadyne recently released the GTX flywheel which provides 25% more energy storage than previous models. The GTX stores energy kinetically instead of chemically, eliminating the need for environmentally harmful lead-acid batteries commonly used in UPS (uninterruptible power supply) and rail energy recycling systems.
Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
Deloitte’s 2009 Technology Fast 500™ Media Guidance
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Pentadyne
Pentadyne is the world’s leading manufacturer of flywheel energy storage systems. Pentadyne products provide ride-through power and voltage stabilization for power quality and power recycling applications. Designed to provide high power output and energy storage in a compact, self contained package, Pentadyne flywheel systems are long lasting, low maintenance, lightweight, and environmentally sound alternatives to other energy storage products. This reliable, green energy system is sold by several of the world’s leading transit and power quality manufacturers.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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Product details are at:www.pentadyne.com/specs
