Worldwide Energy Ranked 226th Fastest Growing Company in North America on Deloitte's 2009 Technology
Attributes Its 585 Percent Revenue Growth to Its Transition to Direct Manufacturing and the Establishment of Its Solar Division
Worldwide Energy and Manufacturing, USA, Inc, has recently announced that it ranked number 226 on Technology Fast 500(TM), Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004-2008. Worldwide Energy and Manufacturing USA, Inc. grew 585 percent during this period.
Worldwide Energy and Manufacturing's CEO Jimmy Wang credits the company's transitioning to direct contract manufacturing and the establishment of its own factories, including facilities for the direct manufacture of solar modules, with the company's 585 percent revenue growth over the past five years. Wang commented: "We are honored to be ranked on Deloitte's 2009 Technology Fast 500. This award validates our business model and our team's dedication to maintaining the highest quality production standards and service in each of our business segments, including PV solar modules and mechanical/electronic components and assemblies."
"With its impressive five-year growth, Worldwide Energy and Manufacturing USA has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor Worldwide Energy for its achievement."
Technology Fast 500(TM) Selection and Qualifying Criteria
Technology Fast 500(TM) provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500(TM) website, and public company database research conducted by Deloitte. Technology Fast 500(TM) award winners for 2009 are selected based on percentage fiscal year revenue growth during the five-year period from 2004 to 2008.
In order to be eligible for Technology Fast 500(TM) recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues.
For more information on the Technology Fast 500, please go to www.fast500.com.
About Worldwide Energy and Manufacturing, USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Worldwide Energy and Manufacturing Ningbo (Solar factory) Co., Ltd; Shanghai Intech Electro Mechanical Products Co. Ltd.; Shanghai Intech Electronics Manufacturing Co. Ltd.; Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd.; and Shanghai Intech Electric and Electronics Co., Ltd., located in Shanghai and Ningbo, China.
For further information on Worldwide, visit http://www.wwmusa.com.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.