AUSTIN, Texas, Aug. 22, 2012 /PRNewswire/ -- Xtreme Power, a world leader in real-time power management and energy storage solutions, earned the 15th spot on Inc. Magazine's 500|5000 list of the fastest-growing private companies in the United States in 2012 -- the company's second year in a row making the prestigious list.
Xtreme Power secured a Top 20 showing with a three-year growth rate of 8423 percent and 2011 revenues of $22.2 million. Last year, Xtreme Power ranked 704th with a three-year growth rate of 450 percent.
"Our strong growth is a testament to our unmatched team of professionals and our commitment to providing our customers with energy storage solutions that deliver real value. Customers are choosing Xtreme Power to leverage the strength of our XAct™ system control platform and its unique ability to digitally manipulate power in real time. This proprietary technology allows renewable energy developers to more cost effectively integrate onto the grid and access additional revenue streams, while providing commercial customers significant savings in peak rates as well as improved power quality," said Alan Gotcher, chief executive officer of Xtreme Power.
For more information about Inc.'s annual 500|5000 list, visit: http://www.inc.com/inc5000/welcome.
About Xtreme Power
Xtreme Power provides scalable, real-time power management and energy storage solutions that enable a more sustainable, reliable and cost-effective electric grid. Xtreme Power's Dynamic Power Resource® combines customized real time controls and intelligent power electronics with efficient energy storage technology engineered specifically to the needs of its customers. Xtreme Power enables multiple participants and technologies to simultaneously operate on the electric grid providing new flexibility that has never before been possible. Xtreme Power is a US company backed by investors SAIL Capital Partners, Bessemer Venture Partners, The Dow Chemical Company, Fluor Corp., BP Alternative Energy, Dominion Resources, POSCO ICT, SkyLake & Co. and Spring Ventures, LLC.
For more information, please visit http://www.xtremepower.com.
SOURCE Xtreme Power