"I'm delighted to see the hard work of the entire Optelecom-NKF team recognized by Deloitte and Touche LLP," commented Edmund Ludwig, Optelecom-NKF's President and CEO. "Our growth is the result of the team's ongoing efforts. We remain solidly focused on our core strategy of profitable growth, driving operational enhancements, developing the products our end-users want, and pursuing organic growth opportunities to bolster our position as a global leader with the most complete line of networked video transmission products."
Optelecom-NKF's 157% increase in revenues from 2001 to 2005 resulted in a number 30 ranking in the Technology Fast 50 for Maryland.
The Maryland Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ, and UK Trade & Investment, in association with media sponsors PR Newswire and Washington SmartCEO Magazine.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.