WILTON, Conn., Aug. 14, 2019 (GLOBE NEWSWIRE) -- Cadenza Innovation, the award-winning provider of safe, low cost, high-performance lithium-ion-based (Li-ion) energy storage solutions to battery manufacturers, today announced it has been named to Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to be included on the Inc. 5000 – a distinguished list that celebrates the spirit and success of entrepreneurial companies,” said Cadenza Innovation Founder and CEO Dr. Christina Lampe-Onnerud, who was previously named to Inc.’s inaugural Female Founders 100 list. “We will continue to champion safe, clean energy storage solutions – engaging with key stakeholders from the global business, government and technology communities to expedite the transformation to more environmentally sustainable energy sources that can address the climate change crisis.”
Cadenza Innovation licenses to global manufacturers a patented, next-generation Li-ion battery architecture representing industry-best benchmarks in safety, low cost and high-performance. Dubbed the ‘supercell,’ the company’s platform is ideally suited for use in transportation, utility/grid and industrial applications. Recognized for its potential to “transform society and industry” and “shape the Fourth Industrial Revolution,” Cadenza Innovation has been selected as a World Economic Forum Technology Pioneer.
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 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 www.inc.com/inc5000.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” said Inc. Editor in Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.
More about Inc. and the Inc. 5000
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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 http://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 20,000,000 today. For more information, visit 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 http://conference.inc.com/.
About Cadenza Innovation, Inc.
Founded in 2012 by lithium-ion battery experts with more than 125 patents, Cadenza Innovation is capitalizing on its intellectual property, field-proven operational and mass production expertise and partner network to establish itself as a leader in low cost, safe and energy dense storage solutions. Licensing its technology for immediate access, company executives have held key roles at lithium-ion battery cell, pack and system provider Boston-Power, investment firm Bridgewater Associates, consulting firm Arthur D. Little and other globally respected organizations. Cadenza Innovation is backed by funding from the U.S. Department of Energy, the states of New York, Connecticut and Massachusetts, Golden Seeds and private investors. Headquartered in Wilton, Connecticut, the company has advanced technology development labs at 1 Duracell Drive in Bethel, CT. For more information, visit www.cadenzainnovation.com.
All product and company names herein may be trademarks of their respective owners.
Contact:
Shannon Kelley
CHEN PR for Cadenza Innovation
skelley@chenpr.com
781.672.3132
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fecf3f93-5dcb-45c9-b1fd-6ac1a83d2725