VALERE POWER NAMED RISING STAR
IN DELIOTTE'S TECHNOLOGY FAST 500 PROGRAM
1,480 % Percent Revenue Growth Attributed to Innovative Power
System Portfolio and Worldwide Customer Relationships
Richardson, TX—Oct.
19, 2005— Valere Power today announced it has been named a
Rising Star on the 2005 Deloitte Technology Fast 500, a ranking of
the 500 fastest growing technology companies in North America. A
special category,
the Rising Star list ranks the 25 winners that have been in business
three or four years. They are ranked based on percentage revenue
growth over
three years from 2002 to 2004.
Valere president and CEO Andy Marsh credits increasing global adoption
of Valere’s power management technology solutions for the company’s
1,480% revenue growth over the past three years.
"
We are committed to setting new standards of technical innovation
and providing the highest level of customer service. This is reflected
in our blue-chip customer base which includes the world’s largest
wire line and wireless carriers, major enterprise and industrial companies
and OEMs,” Marsh said.
"
It is exceptional for a young company to gain early traction in today’s
highly competitive technology marketplace and especially to report such
strong revenue growth," said Tony Kern, deputy national managing principal
of Deloitte’s Technology, Media & Telecommunications industry
practice. ”Attracting enough customers to attain such fast growth
makes a strong statement about the quality of a company’s product
and its leadership, and making the Deloitte Technology Fast 500 is commendable
in today’s highly competitive technology industry.”
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2002
operating revenues of at least $50,000 USD or $75,000 CD, for the
United States and Canada, respectively, and 2004 operating revenues
of at least
$1 million USD or CD. Entrants must be headquartered in North America,
and be a “technology company,” defined as a company that owns
proprietary technology that contributes to a significant portion of the
company's operating revenues; or devotes a significant proportion of revenues
to the research and development of technology. Using other companies’ technology
in a unique way does not qualify.