Stevensville, Maryland, October 31, 2011 – Vapotherm, Inc., today announced it ranked Number 53 on Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Vapotherm grew 2,272 percent during this period. In addition, Vapotherm was ranked #3 nationally within the Medical Equipment category.
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Vapotherm, Inc. a privately held manufacturer of respiratory care devices for hospital and home care use, is dedicated to the development of unique and advanced technologies for respiratory airway therapies especially for the treatment of chronic lung and acute breathing disorders. For more information, visit www.vapotherm.com.