Phononic announced it ranked number 66 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year. Phononic grew 1934% during this period.
Phononic’s chief executive officer, Dr. Tony Atti, credits adoption of the company’s breakthrough solid-state thermoelectric technology by customers across industries – from commercial food and beverage to optoelectronics – with the company’s 1934% revenue growth. He said, “Phononic’s innovative solid-state cooling and heating solutions disrupt antiquated business models and incumbent technologies, delivering features never thought possible with semiconductors. Using just CO2 and water, our system is non-toxic and non-flammable— the most sustainable cooling and heating solution on the planet."
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
