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Superconductor Technologies, Inc. Ranks in Deloitte's Los Angeles Technology Fast 50 Ranking of Fastest-Growing Technology
Companies
Los Angeles, CA, Sept. 14: The "Los Angeles Technology Fast 50," the annual award program ranks technology companies located in Los Angeles, Ventura, Santa Barbara, San Bernardino, and Riverside counties by revenue growth.
"The past five years have been a rollercoaster ride for technology companies," said Tim
Lovoy, Partner in the Technology, Media & Telecommunications (TMT) Group at Deloitte based in Los Angeles. "The companies on the Deloitte Los Angeles Technology Fast 50 have shown they can prosper in challenging economies and marketplaces. Deloitte is pleased to recognize their achievements."
Winners are selected based on percentage revenue growth over five years from 2000 to 2004. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2000 and at least $1,000,000 in 2004; be headquartered in Los Angeles, Ventura, Santa Barbara, San Bernardino, or Riverside counties; be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of its 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. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.
Superconductor Technologies (NASDAQ:SCON)
ranked 29th with 131% growth in the last five years.
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