SenDEC Recognized By Inc. 5000 for Second Consecutive Year
SenDEC is Ranked 30th in the Nation For Fastest Growing Private Companies in the Electronics Industry
SenDEC Corporation, a leading provider of both contract electronics manufacturing services (EMS) and digital hour meters, tachometers and other engine monitoring devices, has been ranked by Inc. Magazine in its annual Inc. 5000 list of the fastest-growing private companies in the country. SenDEC was recognized based on its three-year revenue growth of 267%. SenDEC ranked 1,413 on the overall list and was 30th in the nation and 2nd in the state of New York within the Computers and Electronics industry. This is the second consecutive year for SenDEC to make the Inc. 5000. In 2007, the company ranked 940 on the overall list and was 23rd fastest growing manufacturing company in the nation.
The Inc. 5000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy. The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
SenDEC's Contract Electronics Manufacturing (CEM) business unit has rapidly expanded as new customers have recently been added - many of which have increased their business with the company. SenDEC's Products business unit - which manufactures its own portfolio of digital hour meters, tachometers and other monitoring devices used worldwide in numerous industries - has been able to increase its share in markets it serves as well as enter new ones through the introduction of new devices it has designed and manufactured.
"Electronics Manufacturing is a tough business.", says Ken Fiske, CEO and President of SenDEC. "Our customers are facing severe resource, timeline compression and pricing pressures. SenDEC needs to be flexible and to compete - often with companies located in lower cost countries - by providing greater total value. Our growth is a byproduct of our dedicated employees who work everyday to deliver this value and our loyal customers who appreciate it. On behalf of SenDEC, I thank them all."
Complete information on this year's Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
About SenDEC Corporation
SenDEC is one of the fastest growing companies in the nation and is organized into two main business units: the Contract Electronics Manufacturing (CEM) Group and the Products Group. SenDEC's CEM Group provides comprehensive electronic manufacturing services (EMS) including: design for manufacturability, PCB layout, prototyping/NPI, PCB assembly, electromechanical assembly, test engineering, rework, turnkey box build (final product assembly) and supply chain management services. Its client base includes startups, mid-sized companies, and Fortune 500 corporations worldwide serving the commercial/industrial, consumer, energy, medical, military and telecommunications markets. The SenDEC Products Group manufactures its own family of digital monitoring, display and control devices that include solid-state electronic hour meters, tachometers, voltage/battery charge meters and engine monitors for over 20 vertical end markets worldwide. These are marketed under the SenDEC name as well as private labeled to OEMs and sourced through its worldwide distributor network. While SenDEC's CEM and Product Groups operate as independent business units, they share the commitment to quality and customer service that has been a SenDEC tradition for over 30 years. For more information, visit www.sendec.com/ or call 1-800-295-8000.
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