ZPower, a developer of rechargeable, silver-zinc microbatteries, announced that it is ranked #82 on Inc. Magazine’s “Top 5000 2018” list of fastest-growing private companies. The list, which the magazine has compiled since 1982, has previously included companies such as, Microsoft, Dell, and LinkedIn.
ZPower batteries are reportedly among “the smallest, high-energy” rechargeable batteries on the market today, according to the company’s announcement. ZPower’s first commercial application is the award-winning rechargeable system for hearing aids, and now many hearing aid manufacturers offer select products with ZPower rechargeable microbatteries. Also, beginning this year, ZPower expanded into the wireless earbud market with the launch of a miniature hearable product by a US consumer electronics company.
“We’re thrilled to be recognized among the innovative businesses that make up the Inc. 5000,” said ZPower President and CEO, Ross Dueber. “It’s an honor to be recognized for the great strides that ZPower has made over the past several years which led to 2017 being our most successful year in history. We see this success as just the beginning. We plan to capitalize on this momentum to establish our batteries as a preferred power source for the growing number of electronic devices that require smaller, safer, and more energy-dense solutions.”
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” said Inc. Editor-in-Chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
According to the announcement, the 2018 Inc. 5000 reportedly achieved a three-year average growth of 538.2%, and a median rate of 171.8%. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000.
More about Inc. and the Inc. 5000
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be US-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue.
Source: ZPower, Inc. Magazine