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Maxwell Systems Ranks on Deloitte's Fast 50 List for Third Consecutive Year


 

King of Prussia, Pa. – October 26, 2009 – Maxwell Systems, Inc.today announced that it has been named to Deloitte’s prestigious Fast 50 Program for the Greater Philadelphia region for the third consecutive year. This list is a ranking of the 50 fastest growing technology, life sciences and cleantech companies in the area and is based on the percentage of fiscal year revenue growth during the five year period from 2004-2008. Ranked number 23 this year, Maxwell Systems grew 248 percent during the measured period.

“To be included on this list of prestigious companies for the third year in a row and to continue to climb up the list is a significant accomplishment, especially in the current market,” said Jim Flynn , Maxwell Systems President and CEO . “We believe that our dedication to developing complete business management solutions that streamline our customers’ processes and improve their profitability is the reason for our own success. It has never been more important for contractors to be able to accurately estimate and win more jobs and then manage them effectively. Our end-to-end solutions are helping contractors win more business and achieve more profitability.”
 
"With its impressive five-year growth, Maxwell Systems has earned its position among the fastest growing technology, life sciences, and clean technology companies in the Greater Philadelphia Region,” said Michael Purcell, partner, Deloitte & Touche LLP. “Deloitte is proud to honor Maxwell Systems for its achievement.”
 

To be eligible for Greater Philadelphia Fast 50 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. The companies must also have a base-year operating revenue of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of five years, and be headquartered in the Greater Philadelphia Region.

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