Power Electronics

Power-Systems Provider Reports Nationally Ranked Growth

Eltek Valere has ranked 36th in Deloitte's Technology Fast 500 Program, which tracks the 500 fastest growing technology, media, telecommunications, and life-sciences companies in the U.S. Eltek Valere entered the contest by virtue of finishing eighth in the Technology Fast 50 of Texas. Deloitte ranked all company entries by percentage revenue growth over five years. Top entries from 16 regional competitions held throughout the country were then entered into an aggregated national competition.

From 2002 to 2006, Eltek Valere's revenues increased from $1.8 million to $88.1 million, a growth rate of 4,690%. “We owe our high growth and success to a focus on innovation and on serving and supporting our customers,” said Andy Marsh, Eltek Valere president and CEO. “With the new worldwide scale that we have as Eltek Valere, we’re in even a better position to continue this growth in the future.”

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