TONAWANDA, N.Y., Oct. 8 /PRNewswire/ -- HVR Advanced Power Components, Inc. is proud to announce that they have earned a position on the 2010 Inc. 5000, Inc.'s annual ranking of the fastest-growing private companies in America. HVR Advanced Power Components, Inc. is a supplier and manufacturer of high voltage ceramic composition resistors and custom engineered resistor assemblies. Over the last 3-years HVR has grown 37% with revenues in excess of $2.9 million. Now more than ever this year's list is a testament to the creativity, resilience, and tenacity of HVR and America's top entrepreneurs.
HVR provides cost-effective, engineered solutions for difficult, highstress resistor applications worldwide, with growth in emerging markets including China. Their unique, pre-engineered solutions fit most areas of manufactured electrical components. If not, they can tap into decades of experience and a unique materials approach to engineer an application-specific solution for industry at a competitive cost.
China is expected to lead the global wind power market in the coming 5 years, driven by government appetite for renewable energy. Chinese government commitment to derive 20% of energy from renewable sources by 2020 will result in the required thrust towards the future growth of the wind power market. HVR is also developing parts targeted to the growing hybrid and electric automobile market. Their skills in innovative resistor technology are perfectly matched to the demanding needs of battery-powered cars.
HVR Advanced Power Components, Inc. was established in the U.S. in 1993 to provide expanded services and broader product range to our U.S. customers as an affiliate of HVR International Ltd., the major worldwide supplier of ceramic-carbon resistors. They maintain world quality standards in their ISO 9001:2008 certified factory for sales support and engineering, inventory, assembly and integration services.
SOURCE HVR Advanced Power Components, Inc.