ZPower Ranked #82 on Inc. Magazine's 2018 Top 5000 Fastest-Growing Private Companies List
CAMARILLO, Calif., Aug. 16, 2018 /PRNewswire-PRWeb/ -- ZPower, the world's only developer of rechargeable, silver-zinc microbatteries, is proud to announce that it is ranked #82 on this year's Inc. Magazine prestigious top 5000 list of fastest-growing private companies. The list, which the magazine has compiled since 1982, has previously included business luminaries such as, Microsoft, Dell and LinkedIn.
ZPower batteries are the smallest, high-energy rechargeable batteries on the market today. ZPower's first commercial application is the award-winning rechargeable system for hearing aids, and now nearly every major hearing aid manufacturer offers select products with ZPower rechargeable microbatteries. Also, beginning this year, ZPower expanded into the wireless earbud market with the launch of a miniature hearable product by a top U.S. consumer electronics company.
"We're thrilled to be recognized among the innovative businesses that make up the Inc. 5000," says ZPower President and CEO, Ross Dueber. "It's an honor to be recognized for the great strides that ZPower has made over the past several years which led to 2017 being our most successful year in history. We see this success as just the beginning. We plan to capitalize on this momentum to establish our batteries as a preferred power source for the growing number of electronic devices that require smaller, safer, and more energy dense solutions."
"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000's aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000.
About ZPower, LLC
ZPower is a leader in the development of rechargeable, silver-zinc batteries for microbattery applications, whose headquarters and manufacturing facility are in Camarillo, Calif. The company provides a total solution for hearing instrument manufacturers, which includes advanced silver-zinc battery technology and charger design support. The ZPower solution simplifies new product development and speeds time to market. For end users, ZPower batteries deliver unmatched performance and improved user experience, and are better for the environment. ZPower is ISO 13485:2016 and ISO 9001:2008 certified, and its facility and devices are registered with the FDA. For more information, visit https://www.zpowerbattery.com.
More about Inc. and the Inc. 5000
Methodology
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit http://www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit https://conference.inc.com/.
SOURCE ZPower, LLC
