MaxStream Included in Annual Inc. 500 List21 October 2005
Inc. magazine today released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Industrial wireless technology company, MaxStream, ranks 92nd on the list, with three-year of sales growth amounting to nearly 1000%. MaxStream was recognized for its accelerating growth and innovative technology that serves a wide variety of markets and applications. The Inc. 500 can be found in the November issue, which appears on newsstands November 1
"It's an incredible honor to find out we were included in this year's Inc. 500 list," said Brad Walters, President & CEO of MaxStream. "This recognition is due to the outstanding effort put forth by all of our team members. For us, the timing of this achievement is perfect because the market is at a point where the demand for wireless device networking is really gaining momentum."
MaxStream was able to earn third place in the Computers & Electronics category by easily surpassing the list's average three-year sales growth of 769% and nearly doubling the number of employees since October 2004. MaxStream's reliable wireless products and unmatched technical support have allowed the company to emerge as the leader in industrial wireless communication.
"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."
About MaxStream, Inc.
MaxStream is the leading worldwide developer of wireless modem networking for electronic devices. MaxStream provides wireless modem modules, stand-alone radio modems, RF design services, and supporting software. Products and services by MaxStream include designing, manufacturing and supporting wireless communications for embedded systems. For more information regarding MaxStream's products and services, contact MaxStream, Inc. at www.maxstream.net, info@maxstream.net or call (866) 765-9885.
Press Contact:
John Crockett
MaxStream, Inc.
johnc@maxstream.net
801-765-9885
Source: PR Newswire
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