Monday October 26, 11:56 am Eastern Time
Company Press Release
SOURCE: Linkon Corporation
Linkon Named to Fast 50 List of Connecticut's Fastest Growing Technology Companies; Award
Presented by U.S. Senator Christopher Dodd
FAIRFIELD, Conn., Oct. 26 /PRNewswire/ -- The Connecticut Technology Council and Deloitte & Touche LLP recently announced that Linkon Corporation (OTC Bulletin Board: LKON - news) had
been named as one of the 50 fastest growing technology companies in Connecticut. At its second annual Connecticut Technology Fast 50 Awards Reception, U.S. Senator Christopher Dodd keynoted the
celebration before a crowd of nearly 450 technology executives. ''Technological progress is one of the most important determining factors in sustaining Connecticut's jobs and current economic expansion,''
Dodd said. ''It is important that we encourage the development of high-tech industry and continue to train skilled workers.''
Combined the Fast 50 added $1.4 billion in revenues and over 2,200 new jobs to the state's economy between 1993 and 1997. ''These 50 companies are indicative of technology's impact on the economy.
There are over 110,000 companies in Connecticut, and between 1993 and 1997 each of them added an average of 0.8 jobs. Over that period the Fast 50 companies added an average of 45 jobs each,
representing 3% of the total jobs created in the economic recovery in the state,'' said Laura Kent, Executive Director of the Connecticut Technology Council.
Lee W. Hill, President and CEO of Linkon, said in accepting the award: ''This Fast 50 listing is evidence of the effort of our employees and further validates our technology. We all feel that Connecticut is a
great place to live. With the advent of the CTC and the increasing support of government officials, we believe we can compete with any region on the planet.''
The Fast 50 Awards Program, co-sponsored by the Nasdaq Stock Market, Inc., Pullman & Comley LLC, Royal & SunAlliance Insurance, BT Alex.Brown and People's Bank, measures percentage revenue
growth over a five year period ended 1997 for Connecticut-headquartered technology companies with minimum revenues of $50,000 in 1993. ''What does it take to make the Fast 50? Superior technical
skill, a fearless attitude toward risk, ambitious determination to meet challenges, persistence in the face of fierce competition and most importantly the ability to attract and retain good people,'' said David
Carver, Partner, Deloitte & Touche LLP.
The Connecticut Technology Council is a business association of Connecticut providers and users of technology committed to growing and diversifying the state's technology base. CTC is the state's leading
advocate for issues affecting the technology sector.
Public since 1991, Linkon Corporation, based in Fairfield, CT, is a technology supplier to the telecommunications, Internet, cable and data networking industries. The Company's software and hardware
products feature a ''Universal Pore'' architecture that provides for efficient multimedia communications in large networked environments. Solutions incorporating Linkon products have been created for
applications such as Internet telephony, interactive voice response (IVR), voice activated dialing, and call center automation. Linkon sells to OEMS, system integrators, value added resellers and distributors.
More information is available from the Linkon home page: linkon.com.
SOURCE: Linkon Corporation
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