BOHEMIA, N.Y., Nov. 22, 2016 /PRNewswire/ -- Andrea Electronics Corporation (OTCBB: ANDR), digital audio input enhancement pioneer, today announced that Deloitte has published its 2016 North America Technology Fast 500™ rankings, with software companies dominating the field and Andrea Electronics ranking in the top half of all companies placing at number 243.
Deloitte's announcement explains that the Technology Fast 500 is the leading technology awards program. Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies -large, small, public, and private - hail from cities far and wide across North America and are disrupting the technology industry. Representing industries from software to biotech, Fast 500 companies play in the SaaS, cloud computing, data analytics, and mobile sectors. Awardees are selected for this honor based on percentage fiscal year revenue growth from 2012 to 2015. Overall, 2016 Technology Fast 500 companies achieved revenue growth ranging from 121 percent to 66,661 percent in the 2012 to 2015 time frame, with a median growth of 290 percent.
"We are honored to be recognized by Deloitte as we continue to be creative in deploying our patented array microphone and noise reduction technology for new emerging applications such as far-field voice recognition connected devices as the Internet of Things (IoT) becomes more pervasive," said Douglas Andrea, CEO of Andrea Electronics.
About Andrea Electronics:
Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for enhancing applications requiring high performance quality voice input. The company's patented Digital Super Directional Array (DSDA™), patented PureAudio™ and patented EchoStop™ far-field microphone technologies enhance a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Visit Andrea Electronics' website at www.andreaelectronics.com
This press release contains certain forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which reflect management's analysis only as the date made. The Company does not undertake any obligation to publicly revise these forward looking statements to reflect events or circumstances that arise after the date of such statements.
SOURCE Andrea Electronics Corporation