Flywheel Company Attributes Success to Rise in Demand for Environmentally Friendly Energy Storage
LOS ANGELES, CA--(Marketwire - August 26, 2010) - VYCON (www.vyconenergy.com), a designer and manufacturer of environmentally friendly, high-speed energy storage flywheel systems, is proud to announce that 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 1,744 percent, ranks 206 on this year's list. The Inc. 500 list represents the most comprehensive look at the most important segment of the economy -- America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, and many other well-known names gained early exposure as members of the Inc. 500.
"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson. "The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."
"It is a great honor to be named to this esteemed list and join other fast growth and innovative companies in the nation," said Frank DeLattre, president of VYCON. "Our green solutions to energy storage for diverse applications, from data centers to hospitals to mobile shipyard cranes and high-speed rail, are playing an important role in helping organizations advance their green initiatives and lessen their carbon footprint. We're very excited about our dramatic growth and ongoing success as we develop more clean energy solutions. We couldn't have achieved this without the hard work and dedication from our team members and the support from our customers."
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 24 to November 16 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $11.3 billion -- down from last year's $18.4 billion -- but median three-year growth is 1,231 percent, substantially up from last year's 880.5 percent. The companies on this year's list employ more than 45,000 people. 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 at www.Inc.com/500.
Despite the ongoing recession, the 2010 Inc. 500 offers a glimpse of the future of the U.S. economy. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources.
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 green house gasses.
Over the past year, VYCON has received various industry accolades and product awards. In addition, the company's product performance and reliability garnered multiple unit wins and several repeat orders from existing customers. Flywheel energy storage has become an important strategic solution for today's mission-critical applications needing reliable power while reducing their carbon footprint. "We 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 visit their web site at: www.vyconenergy.com.
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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 30-October 2, 2010, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2010 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 green house gasses. In addition, VYCON's line of VDC and VDC-XE systems are deployed in mission-critical operations around the world protecting critical computing assets against costly power outages.
Jennings & Associates Communications, Inc.