SprayCool, Inc., Named One of Washington State’s Fastest Growing Tech Companies in Deloitte’s Technology Fast 50 Program
Liberty Lake, WA – (Oct. 5, 2005) – SprayCool, the maker of SprayCool™ technology and products, has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services organizations.
“The team at SprayCool is been very focused on creating unique technology solutions that enable the next generation of electronics that are cooler, quieter, more powerful and more durable,” said Jeff Severs, president and chief executive officer of SprayCool. “We are very pleased that this dedication and hard work has led to this prestigious recognition on the Washington State Technology Fast 50.”
SprayCool's increase in revenues of 812 percent from 2000 to 2004 resulted in a No. 13 ranking in the Technology Fast 50 for Washington State. The average increase in revenues among companies who made the Technology Fast 50 for this region was 70 percent. Rankings are based on the percentage revenue growth during a five-year span from 2000–2004.
SprayCool technology uses liquid evaporation, or phase change, of dielectric fluid to cool electronics. This provides revolutionary improvements in performance over existing cooling technology, enabling greater capabilities in electronics design. Data-center operators, for example, see a three-fold improvement in computing power after the installation of systems that use SprayCool technology.
“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth during a five year period,” said Larry Hile, a partner in Deloitte’s Seattle office. “SprayCool has proven to be one of the fast-growth success stories in Washington State, and we applaud their dedication to making their vision reality.”
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About SprayCool
SprayCool, Inc. uses its innovative technology, SprayCool™, to revolutionize how electronics are packaged, powered and cooled. It is the leading technology that is enabling the development and delivery of electronic system solutions for problems with heat, noise, space and reliability. SprayCool, Inc. is a privately held corporation headquartered near Spokane, Wash.
About SprayCool™ System Solutions
SprayCool System Solutions use a fine mist of liquid, sprayed in a thin layer, which evaporates, to cool electronics. The process continuously cycles within a closed loop system. SprayCool changes the geography of electronics, resulting in cooler, quieter, more powerful, and more durable electronic devices. Companies are using SprayCool System Solutions to enable the next generation of electronics.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Media Contact:
Bob Silver
MWW Group for SprayCool, Inc.
206-689-8505
bsilver@mww.com
