North Haven, CT (August 2nd, 2011) – Precision Combustion, Inc. (PCI) is pleased to announce that it has been named to the 2011 Marcum Tech Top 40 as one of the 40 fastest growing technology companies headquartered in Connecticut. PCI was also on the 2010 Marcum Tech Top 40. The Connecticut Technology Council (CTC) and Marcum LLC celebrate the state’s continued economic growth by highlighting the businesses leading the way in successful technological innovation. The Marcum Tech Top 40 identifies the fastest growing technology companies based on percentage revenue growth over a four year period. Winners of this award must have at least $3 million in revenue and are placed in six technology categories: Software, IT Services, New Media/Internet/Telecom, Life Sciences, Advanced Manufacturing, and Energy/ Environmental Technology. PCI is recognized among four additional outstanding Energy/Environmental (green) Technology companies. 12 of this year’s selections have publicly-listed securities; the other 28 are private.
PCI’s growth during the four year award period has been supported by increasing business in the areas of fuel reforming and fuel processing, compact burners, and new technologies for a variety of applications, accompanied by a 50% increase in employees since 2009.
PCI is developing advanced catalytic reactors and systems for energy sector applications. “We’re continuing to find good market demand for our systems, with an expanding set of customers and applications,” said President Kevin Burns. “Our team is working very hard to build our opportunities. It’s especially nice to get this recognition two years in a row. Connecticut is a great state full of some great technology companies with momentum, and we’re honored to be selected as one of them. ”
PCI and the additional winning companies will be recognized in a ceremony on September 27, 2011 at the Oakdale Theater in Wallingford where each company will showcase its technology to Connecticut’s technology community. At this event, the CTC and Marcum LLP will announce the company which has gained the most revenue in each category as well as the one company with the greatest percentage revenue growth across all of the technology verticals.
We at PCI are pleased to be a part of Connecticut’s innovation heritage and look forward to continuing to help build a better world. For more information visit Marcum Top Tech 40 .
For more information, contact: Tony Anderson
Manager, Marketing and Business Development
Phone: 203-287-3700 ext 290 aanderson@precision-combustion.com
