Flexpoint Sensor Systems announced it ranked #382 on Deloitte's Technology Fast 500™; a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America spanning 2013-2016. Flexpoint grew 210% percent during this period.
Flexpoint's chief executive officer, Mr. Clark Mower, credits product lifecycle evolution and market segment focus with the company's significant revenue growth. Mr. Mower said, "We are extremely proud to be listed to Deloitte's Fast 500 among these other reputable and growing technology companies. Our Bend Sensor® has proven to be a superior product and widely adaptive to industries including virtual reality/augmented reality, medical rehabilitation, robotics, gaming and a number of other multi-million and multi-billion dollar sectors. We are projected to have one of our strongest years ever in 2017 and plan to continue this major growth going forward."
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment," said Heather Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year's Fast 500 winners."
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.