OMAX® Corporation Awarded Prestigious Inc. Magazine Honor
21409 72nd Ave. S.
Kent, WA, 98032
Press release date: September 9, 2013
Company named to Inc. 500|5000 list of fastest-growing private companies for third year
KENT , Wash. – OMAX Corporation, the global leader in the design, manufacture and support of advanced abrasive waterjet machines and accessories, has once again made Inc . Magazi ne’s 500|5000 list of fastest - growing private companies in America. The magazine develops this list annually to recognize and celebrate the success of growing companies, and this is OMAX’s third appearance on the esteemed list.
OMAX ranks 134th as the fastest-growing, privately held company in the manufacturing industry and 3,211st overall on this year’s list, having experienced 101 percent business growth between 2009 and 2012. The company attributes much of its growth to the increased demand for its products and services around the world. To date, the company is present in more than 50 countries through OMAX team members and distribution partners.
To accommodate its growth, OMAX recently expanded its headquarters and manufacturing campus in Kent, Wash. by adding a new 22,000 - square - foot training, research and development center. The company is also making significant investments in its research and development department to be able to explore the frontier of new abrasive waterjet technology, including micromachining, as well as continuously develop high quality, versatile solutions that further reduce production costs and simplify part processing.
“It is a testament to our team’s effort and dedication to be recognized with this prestigious honor for a third time,” said Dr. John Cheung, CEO of OMAX Corporation. “Our company’s growth and the increased demand for our products comes from the fact that manufacturers across all industry segments better understand abrasive waterjet technology and how it can optimize their operations. Abrasive waterjet machining is finally becoming less of an alternative solution and more of a conventional choice.”
The timing of this Inc. magazine honor corresponds with the company’s 20th year in business. On August 20, OMAX held a special anniversary event at its headquarters to celebrate two decades of continuous innovation in abrasive waterjet technology. Dr. John Cheung and Dr. John Olsen founded OMAX in 1993, having found a way to revolutionize the abrasive waterjet machining process . A new type of motion control technology and proprietary software allowed for the development of the first truly affordable abrasive waterjet system to offer fast, precise and consistent results. Today, OMAX Corporation continues to shape the future of abrasive waterjet machining with its diverse, highly advanced product solutions that offer the broadest range of table sizes, pumps, accessories and software on the market.
The 2013 Inc. 500 | 5000 list is ranked according to percentage revenue growth when comparing 200 9 to 2012 . To qualify, companies must have been founded and generating revenue by March 31, 200 9 . They had to be U.S. - based, privately held, for profit and independent-not subsidiaries or divisions of other companies - as of December 31 , 2012. They must also have required mini mum revenues of $100,000 for 2009 and $2 million for 2012 .
For a complete listing of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, visit: www.inc.com/5000.
About Inc .
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc . is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
OMAX ® Corporation designs and manufactures the world’s most advanced abrasive waterjet technology in a variety of table sizes and price points at its headquarters in Kent, Washington. Backed by unmatched s upport and powered by the company’s intuitive control software, OMAX JetMachining ® Centers and MAXIEM ® JetCutting Centers bring affordable performance to a continuously expanding range of industries. For more information on OMAX products and accessories, contact Sandra McLain at 800-838-0343 or visit www.omax.com.
Sandra McLain, Vice President of Marketing
Phone: (800) 838-0343