VYCON Named to Prestigious Inc. 500 List of America's Fastest-Growing Private Companies for Second Year in a Row
Flywheel Company Ranks First in Energy Sector for California
LOS ANGELES – August 31, 2011 — VYCON (www.vyconenergy.com), a designer and manufacturer of environmentally friendly, high-speed energy storage flywheel systems, is proud to announce that once again it has been named to the prestigious Inc. 500 list, a compendium of the most entrepreneurial and fastest-growing private companies in America. VYCON, which achieved an impressive three-year sales growth of 797 percent, is the highest-ranking California company within the energy sector; placing 436 overall. The 2011 Inc. 500 list represents a comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor, Jane Berentson.
"We are honored to once again make the prestigious Inc. 500 list and join other fast growth and pioneering companies in the nation," said Frank DeLattre, president of VYCON. "Our clean energy storage solutions are saving customers' money and reducing carbon footprint by playing an integral energy storage role for diverse applications - from data centers to hospitals to mobile shipyard cranes to high-speed rail. Our consistent year-over-year growth and ongoing success as we develop more clean energy solutions is a testament to the hard work and dedication from our team members and the support from our customers as they implement more cost-effective, cleaner and more environmentally friendly solutions ."
The 2011 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 23 to November 15 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $10.5 billion, with a median three-year growth of 1,275 percent. The companies on this year's list employ more than 46,000 people and generated over 35,000 jobs in the past three years. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com/500.
VYCON's innovative VDC flywheel systems bring unprecedented power capacity for instantaneous and reliable power backup. In addition, VYCON's REGEN flywheel systems, used in regenerative power applications such as cargo handling and light electric rail, reduce power and energy costs for port and rail operators as well as reduce greenhouse gasses.
Over the past year, VYCON has received multiple unit wins from customers in the U.S. and abroad and several repeat orders from existing customers. In addition, the company introduced its new Hybrid VDC XEB flywheel system that provides unprecedented protection against damaging and costly power outages. Flywheel energy storage has become an important strategic solution for today's mission-critical applications needing reliable power while reducing their carbon footprint. "We continue to see tremendous opportunities for organizations to integrate our flywheels into their energy infrastructure that will enable them to lower operating costs and improve overall reliability and uptime of their systems," added DeLattre.
For more information on VYCON's innovating green power solutions, contact VYCON at 714-386-3800 or www.vyconenergy.com.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
VYCON is an innovator in the design and manufacture of technologically advanced flywheel energy storage systems that enable a highly reliable, cost-effective and "green" energy storage solution for a variety of applications. The company's REGEN flywheel systems, used in regenerative power applications such as container cargo handling crane applications and light electric rail, reduce power and energy costs to port and rail operators as well as provide a reduction in greenhouse gasses. In addition, VYCON's line of VDC, VDC-XE and Hybrid VDC XEB systems are deployed in mission-critical operations around the world protecting critical computing assets against costly power outages.
Jennings and Associates Communications, Inc
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