KING OF PRUSSIA, PA—October 25, 2010— Maxwell Systems, Inc. today announced that it has been named to Deloitte’s Greater Philadelphia Fast 50 program for the fourth successive year. Ranking the 50 fastest growing technology, life sciences and cleantech companies in the Greater Philadelphia region, the list is based on percentage of fiscal year revenue growth during the period from 2005-2009. Maxwell Systems grew 153 percent during this five-year period.
“The Philadelphia area has a wealth of successful technology companies, so to be named in this group of impressive organizations for the fourth consecutive year is quite an honor,” said
Jim Flynn, President & CEO of Maxwell Systems. “Like most companies, we have had to adapt our strategies to remain competitive in the evolving market; however, our continued focus on evolving our solutions to best meet the changing needs of our customers and providing them with a high level of service has kept them coming back and enabled us to grow in a time when many companies are struggling.”
“Maxwell Systems and the other 2010 Greater Philadelphia Fast 50 winners forged ahead in a challenging economic environment to realize exceptional growth,” said Tara L. Weiner, managing partner, Greater Philadelphia region, Deloitte. “Deloitte commends Maxwell Systems for this impressive accomplishment.”