TLX Technologies, Inc. Named as a Fast-Growing Company to Watch by Inc. Magazine
TLX Technologies is named to Inc. Magazine's 5000 Fastest-Growing Companies to watch for 2010. This is the second time in three years that TLX Technologies has been included on the list.
- Milwaukee-Waukesha, WI (1888PressRelease) October 21, 2011 - TLX TECHNOLOGIES, a local manufacturer of custom solenoids and valves, was named to Inc. Magazine's 2011 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy-America's independent entrepreneurs. TLX Technologies joins Spirit Airlines, television maker Vizio, Honest Tea, and Dunkin Donuts, among other prominent brands featured on this year's list. TLX Technologies was previously accorded this honor in 2009.
TLX Technologies' revenue grew 59% over the last three years ranking the company #3246 on the 2011 list and #115 in the Manufacturing category. In a stagnant economic environment, TLX is excited to be one of the 68 Wisconsin-based companies to be included in this year's list.
"No company achieves any rewards alone," noted Neil Karolek, president of TLX. "We're extremely pleased that the dedication and hard work of our employees and the affirmation of our customers has allowed us to attain this recognition. Thanks also must go to our vendors and suppliers without which any success is only limited."
The 2011 Inc. Magazine list is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, honorees had to be privately held, US-based companies as of December 31, 2010 with at least $100K in revenue in 2007 and $2M in 2010. In a stagnant economic environment, companies on this year's list report having created 350,000 jobs in the past three years. Complete results of the Inc. 5000 can be found at www.inc.com/inc5000.
About TLX Technologies
TLX Technologies was founded in 1996 to bring to market several patented, high-speed digital valves for controlling the force of a vehicle air bag inflation event during a crash. In the years that followed, TLX went on to strategically cultivate other opportunities utilizing these patented solenoid features. Currently, TLX is producing custom solenoid and valve components for a variety of markets that include automotive, transportation, industrial, medical and fire protection.
TLX's strength is in the unique features that are engineered into each custom solenoid component manufactured by TLX and in the customer-focused manufacturing which provides customers with options to meet their production and application requirements.
For more information, visit www.tlxtech.com.