NAVSYS Corporation Named One of the Fastest Growing Technology Companies in Colorado - NAVSYS Continues Growth with Additional Hiring and New Building

NAVSYS Corporation was presented an award today for being one of Colorados fastest growing technology companies. NAVSYS is planning for continued growth supported by new hires and a new building.

(PRWEB) November 8, 2004 -- NAVSYS Corporation was presented an award today by Deloitte & Touche USA LLP for being one of Colorados fastest growing technology companies. The Colorado Technology Fast 50 program ranks technology companies located throughout Colorado by revenue growth over five years.

NAVSYS Corporation achieved 5 year revenue growth of 72% and continues to expand. Currently a ten million dollar privately-held company with 60 employees, NAVSYS plans to expand to 100 employees. This growth is required to support the companys current contract backlog and expected new contract awards. NAVSYS Corporation provides products and services to the Global Positioning System (GPS) and navigation markets.

The Deloitte Colorado Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,” said Steve Yaroch, Chair of the 2004 Colorado Technology Fast 50 and Colorado Technology, Media & Telecommunications Practice Leader, Deloitte & Touche LLP. We applaud the successes of NAVSYS Corporation and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.”

I am delighted to accept this award on behalf of the NAVSYS Corporation,” said Alison Brown, President and CEO of NAVSYS Corporation. Being recognized as one of Colorados fastest growing high technology companies is a great honor, particularly looking at some of the other companies selected. Colorado is both a great place to live and also a great place to build a high tech business.”

GPS is now critical for maintaining our national transportation infrastructure, our power grids, our communications networks and our financial markets. Thanks to the efforts of Congressman Hefley, Senator Allard and Senator Campbell working with the defense oversight committees, the AF TENCAP office has been funded to develop the GPS Jammer Location system. We are privileged to be building this much needed capability that will support the Air Force in protecting the GPS system from unintentional or intentional interference that could affect its operation.”

During an Open House today NAVSYS showcased fifteen of its new GPS technologies including GPS Jammer Location, Unmanned Aerial Vehicle (UAV), Unmanned Ground Vehicle (UGV), GPS/Inertial System, TrackTag, and advanced simulation and analysis technologies. These products have been developed to support the Homeland Defense, Military, and Commercial markets. Additionally during the Open House NAVSYS unveiled plans for a facility expansion being designed by Elizabeth Wright Ingraham.
NAVSYS is a growing, respected firm providing high quality technical products and services in GPS hardware design, systems engineering, systems analysis, and software design. NAVSYS has a standing commitment to provide high quality products and services to both governmental and commercial customers. The company provides specialized GPS products and services for customers by leveraging core technologies, unique technical expertise, innovative engineering approaches, a strong work ethic, and high standards of excellence. Founded in 1986 by Dr. Alison Brown, NAVSYS is dedicated to promoting the use of GPS in a wide variety of commercial and military applications.

More information can be found at www.navsys.com

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