Minneapolis, MN (PRWEB) November 11, 2013
MOCON, Inc. (NASDAQ: MOCO) announced today that on October 25, 2013, the Minneapolis/St. Paul Business Journal named MOCON, Inc. to its list of the top twenty-five fastest growing public companies in Minnesota. MOCON was ranked number ten on the list which assessed the companies by annualized three-year revenue growth. MOCON’s average annual growth rate over its last three fiscal years was 23.3%.
“We are honored to be named to the Business Journal’s list of fastest growing Minnesota companies,” stated Robert L. Demorest, MOCON President and CEO. “We are proud of our growth accomplishments, which were both organic and acquisition related. Ultimately, our ability to effectively grow the Company hinges on the tremendous dedication of our employees and loyalty of our customers. This recognition reflects commitment. We have ambitious future growth goals that are focused on building on this success.”
MOCON is a leading provider of detectors, instruments, systems and consulting services to research laboratories, production facilities, and quality control and safety departments in the medical, pharmaceutical, food and beverage, packaging, environmental, oil and gas and other industries worldwide. See http://www.mocon.com for more information.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that can be identified by words such as “will,” “may,” “expect,” “believe,” “anticipate,” “estimate,” “continue,” or other similar expressions. All forward-looking statements speak only as of the date of this press release. MOCON undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to the risks and uncertainties of ordinary business operations and conditions in the general economy and the markets in which the company competes, there are important factors that could cause actual results to differ materially from those anticipated by the forward-looking statements made in this press release. These factors include, but are not limited to, the integration and performance of Dansensor, the terms of our credit agreement including financial covenants included therein, competition and technological change, setbacks in product development programs, order cancellations, dependence on certain key industries, and other factors set forth in the company’s Annual Report on Form 10-K for the year ended December 31, 2012 and other documents MOCON files with or furnishes to the Securities and Exchange Commission.
MOCON's shares are traded on the NASDAQ Global Market System under the symbol MOCO.
MOCON is a registered trademark of MOCON, Inc.; other trademarks are those of their respective holders.