BINGEN, Wash., Oct. 4 /PRNewswire/ -- Insitu, Inc. (Bingen, WA), a pioneer developer of long-range, unmanned, autonomous aircraft, has taken first place in Deloitte's prestigious Technology Fast 50 Program for the Pacific Northwest, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Washington, Oregon and Idaho by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage of revenue growth during the five years from 2001-2005. Dr. Steven M. Sliwa, Insitu's President and CEO, lauded his company's remarkable 9,140.19% revenue growth rate from 2001-2005. He credited Insitu's incredible success to an overall ability to provide innovative design solutions to complex problems, as well as to a market gap in Intelligence, Surveillance and Reconnaissance (ISR). In addition, Insitu's unique teaming agreement with Boeing provided them with the scale it needed to work with the U.S. Department of Defense and was very beneficial in allowing Insitu to fulfill the military's requirements. "We are humbled that by simply putting our full focus on our customers and their unique needs, we have been able to achieve this remarkable revenue growth," Sliwa stated. "Through agility, the outstanding people who work at Insitu and our arrangement with The Boeing Company, we have had a tremendous five-year run. More importantly, our products are able to save the lives of American and Allied troops who are in harm's way. That latter fact provides all of us at Insitu the greatest possible satisfaction." "Deloitte's Pacific Northwest Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Larry Hile, a Partner in Deloitte's Technology, Media & Telecommunications (TMT) industry practice based in Seattle. "We applaud the successes of Insitu and acknowledge it as one of the very few to accomplish such a fast growth rate through the past five years." 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. Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com . About Insitu Insitu, located in Bingen, Washington, develops Unmanned Aerial Systems (UAS) for commercial and military applications. Insitu introduced the first Unmanned Aerial Vehicle to cross the Atlantic Ocean and has partnered with Boeing to develop ScanEagle and Fugro Airborne Surveys to develop GeoRanger. For more information about the company, see www.insitu.com . About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. For More Information Contact: Chesua Patte Public Relations +1-509-493-6341 firstname.lastname@example.org
SOURCE Insitu, Inc.