STEVENSVILLE, Md., Oct. 3 /PRNewswire/ -- Vapotherm, Inc., has been named to Deloitte’s prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
Vapotherm’s CEO, Robert Storey, credits the company’s innovative technology and highly effective institutional sales model with the company’s 3,896 percent revenue growth from 2001-2005. Storey said, “We are proud to be honored by Deloitte and Touche for our outstanding growth. The Company has continued to show it’s worldwide leadership for high flow respiratory therapies, and will continue to leverage that expertise in new application areas. The milestone has been the result of extraordinary teamwork and dedication by the employees of Vapotherm, Inc. and our sales partners. We expect this team will carry us forward to many more accomplishments in the future.
Vapotherm, Inc.'s increase in revenues of 3,896 percent from 2001-2005 resulted in a Second Place ranking in the Technology Fast 50 for Maryland. The average increase in revenues among companies who made the Technology Fast 50 for Maryland was 663 percent.
“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years. Vapotherm has proven to be one of the fast- growth success stories in Maryland, and we applaud their dedication to making their vision a reality,” said Mr. Andrew Harrs, Deloitte’s Southeast regional managing partner for the Technology, Media and Telecommunications Industry Practice.
The Maryland Technology Fast 50 program is presented by Deloitte and sponsored by Wilmer Cutler Pickering Hale and Dorr, NASDAQ and UK Trade & Investment, in association with media sponsors PR Newswire and Washington SmartCEO Magazine.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com.
Vapotherm, Inc. a privately held manufacturer of respiratory care devices for hospital and home care use, is dedicated to the development of unique and advanced technologies for respiratory airway therapies...especially for the treatment of chronic lung and acute breathing disorders. For more information, visit http://www.vtherm.com.
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Media Contact: Kevin Thibodeau Vapotherm, Inc. VP, Sales and Marketing (410) 604-3977
Vapotherm, Inc.
CONTACT: Kevin Thibodeau, VP, Sales and Marketing of Vapotherm, Inc.,+1-410-604-3977
Web site: http://www.vtherm.com//
