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Telkonet Ranked Number 64 Fastest Growing Company In North America On Deloitte’s 2009 Technology Fast 500™

October 27, 2009 by Perspective Magazine | Timeshare & Fractional Reviews · 1 Comment 

Also named #5 Fastest Growing Company by the

, Inc. (NYSE Amex: TKO), a company that develops and manufactures proprietary energy management and networking technology, today announced that it has been ranked number 64 in the latest ™ list, LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and companies in . Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004–2008. grew 2,841 percent during this period. In addition, has been named fifth on the ’s Fastest Growing Companies list, based upon three-year revenue-growth percentage.

’s CEO, , attributes the company’s significant revenue growth over the last several years to its 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 ’s continuing repositioning, growth and revenue levels, demonstrating the value and ongoing potential of our strategic platform. We are enforcing our position as an important player in the energy efficiency market, as well as expanding our penetration into the 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 and the ’s Fastest Growing Companies listings.”

™ 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, LLP. “We congratulate on this accomplishment.”
Overall, ™ 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.

For the ’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.

™ Selection and Qualifying Criteria
™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and companies in . ™ award winners for 2009 were selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
™ 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 .

About
provides integrated, centrally-managed energy management and networking solutions that improve energy efficiency and reduce the demand for new energy generation. The company’s energy management systems, aimed at the hospitality, commercial, government, healthcare and education markets, are dynamically lowering HVAC costs in over 150,000 rooms, and are an integral part of various utilities’ green energy efficiency and rebate programs.

Primarily targeting and utility applications, ’s patented powerline communications (PLC) platform delivers cost-effective, robust networking, with real-time online monitoring and maintenance capabilities, increasing the reliability and energy efficiency across the entire utility grid. www..com.

About
As used in this document, “” means LLP. Please see www..com/about for a detailed description of the legal structure of LLP and its subsidiaries.

About
The has been Greater Washington’s leading source of business news and information for more than 20 years, providing over 150,000 business executives with comprehensive news on local people and their companies, as well as industry trends, tips and strategies and award-winning critical analysis. For more information, please visit http://washington.bizjournals.com.

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