DATE: October 3, 2000
FROM:
Winland Electronics, Inc.
1950 Excel Drive
Mankato, Minnesota 56001 |
CONTACT:
W. Kirk Hankins, CEO and Chairman of the Board
507-625-7231 |
FOR IMMEDIATE RELEASE
WINLAND ELECTRONICS THREE-PEATS
IN THE MINNESOTA TECHNOLOGY FAST 50
MANKATO, MN, October 3, 2000 Winland
Electronics, Inc. (AMEX: WEX) has been named, for the
3rd consecutive year, to Deloitte & Touches prestigious Fast
50 Program for Minnesota, a ranking of the 50 fastest-growing
technology companies in the area. Rankings are based on the
percentage of growth in revenues for 1995-1999.
Winland Electronics increase in revenue of
239% over the five year period resulted in a 35th ranking
overall in the Minnesota Technology Fast 50. The average increase
in revenues among companies who made the Fast 50 for this
region was 842%.
Winland Electronics CEO W. Kirk Hankins realizes
the market for electronic design and manufacturing services
is an expanding market. He states, The Companys ability to
respond to customer needs by providing advanced technology
solutions and exceptional service has been instrumental to
the companys success and increased growth. These factors combined
with the expertise and dedication of our employees has resulted
in the companys 239% revenue growth over the past five years.
Increasingly, Winland is being recognized as a technology
leader for its expertise in designing, engineering, and producing
high quality electronic controls. The energy, enthusiasm,
and optimism of our employees has been and still is a most
important factor in our continued success.
The Fast 50 winners for Minnesota have proven
that they can compete successfully by consistently delivering
technological wonders. We at Deloitte & Touche commend
Winland Electronics for having the vision and determination
to become one of the 50 fastest-growing technology companies
in Minnesota, commented Ron Hafner, Deloitte & Touche partner
in charge of the Fast 50 for Minnesota.
To qualify for the Fast 50, companies must
have had revenues of at least $50,000 in 1995; must be public
or private companies headquartered in the region; and be technology
companies defined as a company that produces technology, manufactures
a technology product, is technologically intensive, uses technology
in problem-solving, or devotes a high percentage of effort
to research and development of technology.
Winland Electronics, based in Mankato, MN,
designs and manufactures custom electronic control products
and systems, as well as proprietary products for the security/industrial
marketplace. The companys stock is traded on AMEX under the
symbol WEX.
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