PowerLight Ranked for Entrepreneurial Growth

PowerLight Corporation, a manufacturer and installer of solar electric systems, ranked 103 on Inc. Magazine’s 22nd annual “Inc. 500” ranking of the fastest-growing private companies in the country.

Berkeley, California – October 16, 2003 [SolarAccess.com] “We are especially proud that our growth has been achieved through steady sales and solid business acumen — and by consistently delivering quality products and services,” said PowerLight President Dan Shugar. “Our success is due in large part to our commitment to being the best in the world when it comes to designing, manufacturing and installing solar electric systems for businesses and government.” Inc. Magazine has ranked the PowerLight Corporation among the top 500 fastest growing privately held companies in 2000, 2001, 2002 and 2003. “PowerLight is thrilled to receive this honor for the fourth consecutive year in a row,” said CEO and founder Thomas Dinwoodie. “Ranking in the Inc. 500 reflects the fact that solar electricity is being widely used by large businesses and government agencies to meet their energy needs. Thanks to our employees’ diligence and focus, we continue to achieve significant milestones that contribute to the overall growth of the renewable energy industry.” The companies that made the Inc. 500 list have thrived through continued stagnation in the economy, posting an average five-year sales growth of 1,312 percent. Powerlight has maintained a five-year sales growth rate of 1,469 percent. With aggregate revenue of US$14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002, Inc. 500 companies (half of which were launched with less than US$20,000) provided employment for 67,973 people. “The entrepreneurs you’ll find on the Inc. 500 have the type of attitude we need to get this economy moving again,” said Inc. Editor-In-Chief John Koten. “For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition.” The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75 percent of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Timberland, Oracle, E* Trade and all appearing on the list before they became industry powerhouses.
Previous articleSmall Biodiesel Operation Churns Ahead
Next articleBuilding Integrated Solar Power Initiative

No posts to display