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Victor, NY - Aug. 22, 2008 - New Scale
Technologies, Inc. today announced that it ranked at number 650 in
Inc.’s annual listing of the 5,000 fastest-growing private companies
in the United States. The Victor, NY manufacturer of
miniature piezoelectric motors
and motion systems also ranked number 18 among the list’s top 100
computer and electronics companies, with a three-year sales growth
of 515 percent.
Inc. says its list is a comprehensive look at the most important
segment of the economy – America’s independent-minded entrepreneurs.
Taken as a whole, these companies represent the backbone of the U.S.
economy.
“Our second annual Inc. 5000 continues the most ambitious project
in business journalism,” said Inc. 5000 Project Manager Jim Melloan.
“The Inc. 5000 gives an unrivalled portrait of young, underreported
companies across all industries doing fascinating things with
cutting-edge business models, as well as older companies that are
still showing impressive growth.”
New Scale Technologies creates miniature motion systems based on
its patented piezoelectric SQUIGGLE® motor, the world’s smallest
linear motor. This ultrasonic motor is smaller, more precise, less
expensive, more robust and more power-efficient than other micro
motors. The company also develops complete motion systems
integrating SQUIGGLE motor
technology with supporting electronics including motor controller
ASICs and position sensor SoCs (systems on a chip) developed in
partnership with austriamicrosystems. It has licensed its SQUIGGLE
motor technology to major global manufacturers
Alps Electric Company and
Tamron Company.
New Scale’s micro motors and micro-actuator modules enable design
engineers to create smaller products including mobile phone cameras,
electronic locks, nano-scale fluid control systems including micro
fuel cells, medical devices including miniature drug pumps and
endoscopes, optics and imaging systems, automotive modules and
consumer electronics.
The 5000 companies that made the list reported aggregate revenue
of $185 billion and median three-year growth of 147 percent. Most
important, the 2008 Inc. 5000 companies were engines of job growth,
having created more than 826,033 jobs since those companies were
founded. Complete results of the Inc. 5000, including company
profiles and a list of the fastest-growing companies that can be
sorted by industry and region can be found at
www.inc5000.com.
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through
2007. To qualify, companies must be U.S.-based and privately held,
for profit, independent – not subsidiaries or divisions of other
companies – as of December 31, 2007, and have had at least $200,000
in revenue in 2004, and $2 million in 2007. Companies can apply for
next year’s Inc. 5000 by registering with “IncBizNet, Business
Network for Private Companies”, at
www.incbiznet.com.
About Inc.com and the Inc. 500|Inc. 5000 Conference
Inc.com, the daily resource for entrepreneurs, delivers how-to
guides, advice, tools, breaking news, and rich multi-media to help
business owners and CEOs start, run, and grow their businesses.
Inc.com offers dynamic marketing solutions to help advertisers
effectively reach Inc.com's audience of business leaders. Visit
http://www.inc.com.
Each year, Inc. magazine and Inc.com celebrate the remarkable
achievements of today’s entrepreneurial superstars — the privately
held small businesses that drive our economy. The Inc. 500|Inc. 5000
Conference brings together members of the Inc. 5000 community—both a
new class of Inc. 5000 honorees and the list’s alumni—for three days
of powerful networking, inspired learning, and momentous
celebration. For the first time ever, this powerful networking event
is open to all. Please join us September 18-20, 2008 at the Gaylord
National Resort and Convention Center in Washington, D.C. For more
information or to register, visit
www.Inc500Conference.com or call us at 877-211-0489.
About New Scale Technologies
New Scale Technologies (www.newscaletech.com) creates disruptively small
motion systems based on our patented piezoelectric SQUIGGLE® motor, the world’s
smallest linear motorand TRACKER™ position sensor. The ultrasonic SQUIGGLE motor
is smaller, more precise, less expensive, more robust and more power-efficient
than other micro motors. The TRACKER position sensor integrates a magnetic sensor
with on-chip digital encoder, for smaller size and higher resolution than miniature
optical encoders. We create complete motion systems integrating motor and sensor
technology with supporting electronics (ASICs) developed with our partner
austriamicrosystems (www.austriamicrosystems.com).
New Scale’s micro motors, encoders and micro-actuator modules enable design engineers
to create smaller products including mobile phone cameras, electronic locks and
intelligent fasteners, nano-scale fluid control including lab-on-a-chip systems,
medical devices including miniature drug pumps and endoscopes, optics and
imaging systems, automotive modules, lasers, aerospace and defense systems,
cryogenic and MRI-compatible instruments, and consumer electronics including
micro fuel cells.
SQUIGGLE is a registered trademark and TRACKER is a trademark of New Scale Technologies, Inc.
Please note: Press releases are current as published, but are not updated
after posting. Refer to our product pages for current product information including
specifications.
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