Micralyne Awarded #1 Spot in Alberta Venture Fast 25 Under $20 Million
January 18, 2007
Edmonton, Alberta, January 18, 2007 – Micralyne Inc., one of the world’s leading independent microfabrication manufacturers, has been ranked the number one company with revenues under $20M by Alberta Venture Magazine in its annual Fast 50 List.This is the first year Micralyne has applied for the Alberta Venture Fast 50 award program. Micralyne achieved a 3-year revenue increase of 75%, a 3-year asset growth of 22% and expanded its staff to 175 employees.
Micralyne’s growth has been driven by both an increase in new customers and an increase in orders from existing clients. Micralyne’s focus on profitability, a key element in the business plan, in combination with a talented pool of people resources, has enabled Micralyne to stay ahead of the competition.
“We are very honored to have been selected for this recognition”, said Chris Lumb, President & CEO of Micralyne. “To be compared with the companies that made the Fast 50 List gives all of us at Micralyne a sense of accomplishment. It’s also great to see the growing number of high-tech companies being recognized for their work and contribution to the Alberta economy.”
To read the Alberta Venture article on Micralyne, titled “The Importance of Having Earnings”,click here.
For a full list of the Fast 25 Companies Under $20 Million, click here (PDF).
About Alberta Venture Fast 50
Alberta Venture magazine annually produces the Fast 50 List — Alberta’s Growth Champions, listing some of the fastest growing companies in the province. The intent is to recognize growth-oriented businesses in Alberta. www.albertaventure.com
Micralyne is one of the world’s largest independent MEMS (Micro-Electro-Mechanical-Systems) manufacturers. MEMS technology is built on the premise of making industrial components smaller, faster and less expensive. Micralyne’s micron-scale solutions (i.e. 1000 microns = 1 millimetre) are found in automotive sensors for control systems, lab-on-a-chip devices for drug discovery, optical switching technology in telecommunication networks, and precise measurement devices for oil and gas exploration. Micralyne MEMS manufacturer is a fast growing company headquartered in Edmonton, Alberta, Canada.
For further information contact:
Mr. Chris Lumb
President & CEO
1911 – 94 Street
Canada T6N 1E6