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1 November 2004 - Distributed Energy Systems Corp., has announced that it ranked number 473 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.
Rankings are based on percentage revenue growth over five years, from 1999-2003 and Distributed Energy, a company in hydrogen generation and energy business platforms, grew 349 per cent during this period.
Mark A. Evans, national managing partner of Deloitte's Technology, Media and Communications group said, "Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector."
Overall, companies that ranked on the 2004 list had growth rates ranging from 329 to 437 per cent.
The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1999 operating revenues of at least $50 000 and C$75 000 and 2003 operating revenues must be at least $1m or C$1m.
Entrants must also be public or private companies headquartered in North America and must be a company that owns proprietary technology that contributes to a significant proportion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
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