InnaPhase Corp. Named One of Delaware Valley’s Fastest Growing Technology Companies in Deloitte Technology Fast 50 Program

InnaPhase Corporation, acquired by Thermo Electron Corporation earlier this month, has been named to Deloitte’s prestigious 2003 Technology Fast 50 Program for the Delaware Valley, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one the nation’s leading professional services firms.
 
Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003. InnaPhase increased its revenues during this five-year period by 1,735 percent, resulting in a ranking of 7th overall in the Fast 50 for Delaware Valley.

“On behalf of everyone at InnaPhase, I am honored to receive this award in recognition of our achievements and growth,” said Jo Webber,Ph.D., the former CEO of InnaPhase and now general manager of Thermo’s Informatics business unit. “Thermo also recognized the growth potential, as well as the superb products and deep industry experience, that resides within InnaPhase when they decided to acquire us and integrate our business with their Informatics offering.”

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com . PR Newswire is the official media partner for this year’s Delaware Valley Technology Fast 50 program.

InnaPhase, acquired on September 13, 2004 by Thermo, is now part of the Thermo Informatics and Services Division. The acquisition brings together industry-leading laboratory information management systems (LIMS) and other software solutions as well as industry expertise within both companies to create the world’s largest LIMS provider. For more information, visit www.thermo.com/informatics.

Thermo Electron Corporation is the world leader in analytical instruments. Our instrument solutions enable our customers to make the world a healthier, cleaner and safer place. Thermo’s Life and Laboratory Sciences business provides analytical instruments, scientific equipment, services and software solutions for life science, drug discovery, clinical, environmental and industrial laboratories. Thermo’s Measurement and Control business is dedicated to providing analytical instruments used in a variety of manufacturing processes and in-the-field applications, including those associated with safety and homeland security. Based near Boston, Massachusetts, Thermo has revenues of more than $2 billion, and employs approximately 10,000 people in 30 countries. For more information, visit http://www.thermo.com .

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