Impinj Scores Top Ten Ranking in Deloitte’s Technology Fast 50 Program for Washington State
Impinj attributes success to technical innovation.
Seattle, WA October 1, 2008 - Leading UHF Gen 2 radio frequency identification (RFID) solutions provider Impinj, Inc. today announced finishing seventh in Deloitte’s prestigious Technology Fast 50 program for Washington State, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies based upon percentage revenue growth from 2003 through 2007.
“We’re excited by Deloitte’s recognition and to be included with such a prestigious group of companies,” said William T. Colleran, Ph.D., president and CEO of Impinj. “Our success, as measured by 1889% revenue growth from 2003 through 2007, is a testament to the hard work and dedication of our employees who have made Impinj the most innovative company in the RFID industry.”
“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years,” said Larry Hile, managing partner in Deloitte’s Technology, Media & Telecommunications (TMT) and Health & Life Sciences Seattle practices. “Impinj has proven to be one of the fast-growth success stories in Washington, and we applaud their dedication to making their vision a reality.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007. They must also be headquartered in North America and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues, or devotes a significant proportion of revenues to the research and development of technology.
As used in this document, “Deloitte” means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things—such as apparel, automobile parts, luggage, and shipments—to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com
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