Nov. 12, 2009: Telkonet Ranked Among Fastest Growing Technology Companies in North America
November 12, 2009
GERMANTOWN, Md. - Telkonet Inc., a developer and manufacturer of proprietary energy management and smart grid networking technology, announced that it has been ranked number 64 in the latest Technology Fast 500™ list, Deloitte LLP’s ranking of 500 of the fastest growing technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004-2008. Telkonet grew 2,841 percent during this period. In addition, Telkonet has been named fifth on the Washington Business Journal’s Fastest Growing Companies list, based upon three-year revenue-growth percentage.
Telkonet’s CEO, Jason Tienor, attributes the company’s significant revenue growth over the last several years to its clean technology offering along with its centralized Web-managed platform that integrates energy management, broadband networking, and support services. “This ranking represents an important market recognition of Telkonet’s continuing repositioning, growth, and revenue levels, demonstrating the value and ongoing potential of our strategic clean technology platform. We are enforcing our position as an important player in the energy efficiency market, as well as expanding our penetration into the smart grid home area network (HAN) space. We’re continuing to build market share, despite difficult economic conditions - clearly demonstrated by our revenue-growth percentages, as highlighted by both the Technology Fast 500 and the Washington Business Journal’s Fastest Growing Companies listings.”
“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 Telkonet on this accomplishment.”
For the Washington Business Journal’s Fastest Growing Companies, in addition to high growth rates, companies must have had 2006 revenue of more than $2 million and 2008 revenue of more than $10 million in order to be eligible. Participants in the survey were based in the metropolitan Washington, D.C., region.
For more information about Telkonet, visit www.telkonet.com.
Publication date: 11/09/2009