Deloitte Fast 500 Award
01-Feb-2010On Site Gas Systems, Inc. announced that it ranked Number 403 on the 2009 Technology Fast 500TM, Deloitte’s ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2004–2008. On Site Gas grew at almost 300% during this period.
On Site Gas Systems’ CEO, Guy Hatch, credits innovative product development and a dedicated workforce with the company's robust revenue growth. Hatch said, “We have introduced several new products and features. In this economy saving money is paramount and our products can save at least 50% for our customers”
“Technology Fast 500TM 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, U.S. Technology, Media and Telecommunications, Deloitte LLP.
In two of the past three years, On Site Gas Systems has been ranked as a Technology Fast 500TM award winner earning its first spot on the list in 2007.
Technology Fast 500TM Selection and Qualifying Criteria
Technology Fast 500TM ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from nominations submitted directly to the Technology Fast 500TM website, and public company database research conducted by Deloitte. Companies are selected based on percentage revenue growth from 2004 to 2008.
In order to be eligible for Technology Fast 500TM recognition, entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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