Data I/O Ranked Among Fastest Growing Public Technology Companies in Washington State by Puget Sound Business Journal
REDMOND, Wash. – June 21, 2016 – Data I/O Corporation (NASDAQ: DAIO), the leading provider of manual and automated device programming solutions, today announced that it has been ranked as the 9th fastest growing publicly traded technology company in Washington state in an annual survey published by the Puget Sound Business Journal. The ranking is based on revenue growth over a three? year period, with data from 2013 through 2015 used in the latest survey. According to a report from the Puget Sound Business Journal, “Washington's fastest-growing publicly traded technology companies saw revenue increase 31 percent over 2013 levels…Washington's Fastest-Growing Public Company List — from Amazon to Zillow — reported a combined $205.3 billion in revenue in 2015.”
“We are honored to be recognized for our rate of growth among the many exciting technology companies in this region,” said Anthony Ambrose, President and CEO of Data I/O Corporation. “This is the second year in a row that Data I/O has earned a place on the Puget Sound Business Journal’s fastest growing public companies list. This recognition highlights the sustainability of our overall growth strategy which benefits from our focus on providing programming solutions for automotive electronics manufacturers. While we are delivering solid growth now and for the foreseeable future from this vertical market, we are further encouraged by our longer term growth initiatives that we believe will capture significant share of the market for industrial controls and Internet-of-Things (IoT) applications.”
About Data I/O
Since 1972 Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, industrial controls/Internet-of-Things (IoT) application, wireless, consumer electronics, and industrial controls markets. Today, our customers manufacture tens of millions of products each year using Data I/O programming solutions to reliably, securely, and cost-effectively deliver their Intellectual Property into programmable devices. Data I/O provides programming solutions for devices in any package, whether programmed in a socket or on a circuit board. Our expertise in programmable integrated circuits, global supply chain processes, and IP management and protection helps bring innovative new products to life. These solutions are backed by a global network of Data I/O support and service providers, assuring success for our customers.
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, orders, deliveries, backlog and financial positions, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, installations and acceptance, accrual of expenses, changes in economic conditions and other risks including those described in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
Contact:
Data I/O Corporation
Jennifer Higgins
425-867-6922
[email protected]
Darrow Associates, Inc.
Jordan Darrow
(512) 551-9296
[email protected]