News - AZ Companies to Watch

FOR IMMEDIATE RELEASE

Lynn Paige C.E.O., lynnpaige@perfectpowernetwork.com, 623-581-1700
Phoenix Solar Energy Business Honored as One of “Arizona Companies to Watch”
May 17th, 2007–PerfectPower, Inc. has been recognized as one of the Arizona Companies to Watch, an awards program hosted by the Arizona Small Business Association in collaboration with the Edward Lowe Foundation.

PerfectPower, Inc. will be honored at an awards ceremony during the second annual Arizona Companies to Watch event, June 1 at the Phoenix Convention Center.

“Companies honored by Arizona Companies to Watch are one of the reasons that Arizona leads the country in economic growth. Through the efforts of great employees who deliver innovative products and services, these companies are growing at over four times the national average!” says Joan Koerber-Walker, CEO of the Arizona Small Business Association. “ASBA is proud to be building and supporting this growing community of excellent companies. It’s about time they got the recognition they so richly deserve,” Koerber-Walker adds.

“Companies to Watch is a unique awards program designed to shine the spotlight on second-stage companies,” says Mark Lange, executive director of the Edward Lowe Foundation, a not-for-profit operating foundation based in Michigan. The foundation’s mission is to “champion the entrepreneurial spirit” by encouraging entrepreneurial cultures in communities throughout the country and helping second-stage companies learn from each other.

"When it comes to a robust economy, second-stage entrepreneurs play a critical role because they generate new jobs and sustainable growth,” Lange says. “And yet, they’re not often recognized or appreciated for the impact they have on the economy or the community.”

Keeping abreast of the very latest technology is PerfectPower’s business. Specializing in Building Integrated Solar, they are the only solar company in AZ that specializes in such a highly technology driven industry.

PerfectPower, Inc. partners with many architects, builders and developers. They want a unique application to offer customers for a building or home. PerfectPower, Inc. customizes products that are aesthetically pleasing, innovative in design and generally exclusive to their firms.

Companies considered for the Arizona Companies to Watch list must be second-stage companies, defined as having 10 to 100 full-time-equivalent employees and generating $750,000 to $100 million in annual revenue or working capital from investors or grants. In addition, the companies must be privately held and headquartered in Arizona.

Judges evaluated the companies for their demonstrated intent and capacity to grow based on one or more of the following
• Employee or sales growth.
• Exceptional entrepreneurial leadership.
• Sustainable competitive advantage.
• Other notable factors that showcase the company's success.
Arizona Companies to Watch is sponsored by: Grand Canyon University, College of Entrepreneurship, APS/AAAME, Compass Insurance, Arizona Department of Commerce, Staples, SCF Arizona, PNI, Arizona Republic, KFNN 1510 Financial News Radio.

Information about Arizona Companies to Watch can be found at www.AzCompaniesToWatch.org.


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