|STR Holdings, Inc. Named Leading Energy/Environmental Company among Connecticut's Fastest Growing Companies|
ENFIELD, Conn., Sep 28, 2011 (BUSINESS WIRE) --
In an award ceremony last night, STR Holdings, Inc. (NYSE:STRI) was named the top company in the Energy/Environmental category of Connecticut's 2011 "Marcum Tech Top 40," a ranking of the fastest-growing technology companies in Connecticut as determined by The Connecticut Technology Council (CTC) and Marcum LLP.
The 2011 "Marcum Tech Top 40" is comprised of 40 companies grouped into six areas of technology: software, IT services, life sciences, advanced manufacturing, new media/Internet/telecom, and the category in which STR Holdings has been selected, energy/environmental technologies. The 40 fastest-growing companies, each having at least $3 million in annual revenue, were selected based upon their revenue growth over the last four years.
"As a worldwide leader in solar panel encapsulation, STR is proud to be a member of this elite group of companies," said Dennis L. Jilot, Chairman, President and Chief Executive Officer. "Providing high quality and innovative new products to the photovoltaic module industry continues to drive our success at STR, and we look forward to maintaining the high level of performance and service to which our customers have become accustomed."
"We are also particularly gratified to be named the top company in energy/environmental category," he continued. "It is an honor to be selected from the exceptional companies in this group, which represents some of Connecticut's most innovative businesses."
The 2011 winners are primarily privately-held companies, but 12 public companies also made the list, including: STR Holdings, Inc., Priceline.com, FuelCell Energy and FactSet Research. Geographically, Fairfield and New Haven Counties led with 15 companies each followed by Hartford County with seven companies.
"We are committed to celebrating innovation among a diverse array of businesses in Connecticut," said Anthony P. Scillia, Partner-in-Charge of the New England Practice of Marcum LLP. "Marcum's support of the technology sector is perfectly in-line with the Connecticut Technology Council's mission of providing leadership in areas of policy advocacy, community building and assistance for growing companies. We hope to raise awareness for these 40 outstanding Connecticut businesses who have led by example for other technology companies."
"Connecticut is proud of its innovation heritage. Each year this list of diverse companies reinforces that the state's tech sector continues to grow and prosper," said Matthew Nemerson, CTC President and CEO.
The award was presented last night at the Oakdale Theater in Wallingford, Connecticut. Awards were given to a representative from each of the 40 recognized companies, with category winners invited to speak following the announcement.
About STR Holdings, Inc.
STR is one of the world's leading providers of high-quality, superior performance encapsulants for the photovoltaic (PV) module industry, serving more than 80 manufacturers worldwide. The Company pioneered the solar encapsulant market more than 30 years ago with the invention of the first EVA encapsulant. Today, it continues to innovate through its extensive R&D program, which has led to the introduction of new technologies. Further information about STR Holdings, Inc. can be obtained via the Company's website at www.strholdings.com.
About The Connecticut Technology Council
The Connecticut Technology Council is a statewide association of technology-oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. The Council works to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high-potential firms.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked within the top 15 firms by Inside Public Accounting and Accounting Today, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 23 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman, China and Hong Kong. The firm's presence runs deep with full-service offices strategically located in major business markets.
Safe Harbor Statement
This press release and any oral statement made in respect of the information in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to inherent risks and uncertainties. These forward-looking statements present the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business and are based upon assumptions that the Company has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate under the circumstances. However, these forward-looking statements are not guarantees of future performance or financial or operating results. The Company undertakes no obligation to publicly update any forward-looking statements contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.
SOURCE: STR Holdings, Inc.
ICR , LLC