Company Receives Red Herring 100 North America Award
Aspen Avionics announced Friday that it is a recipient of the
Red Herring 100 North America, an award given to the top 100
private technology companies based in the region.
Aspen's flagship product line, the Evolution Flight Display
system, replaces aging mechanical flight instruments, which still
dominate 95% of the General Aviation fleet, with the latest
microprocessor-based systems incorporating solid-state sensors and
flat panel displays that can easily be incorporated into existing
panel layouts. System install costs for the Evolution are projected
to average less than the cost of the analog gauges it replaces.
Red Herring's annual lists of top private companies are an
important part of the company's tradition of identifying new and
innovative technology companies and entrepreneurs. Companies like
Google, eBay and Skype were spotted in their early days by Red
Herring editors, and touted as leaders that would change the way we
live and work.
"Receiving this award from such a prestigious publication as Red
Herring is a real honor for Aspen," said John Uczekaj, President
and CEO of Aspen Avionics. "We pride ourselves on our ability to
develop revolutionary technology solutions to the challenges that
face our industry, and Red Herring's recognition of our success is
a tribute to our team's ability to build a business based on a new
way to look at avionics," Uczekaj continued.
Red Herring's editorial staff rigorously evaluated more than 800
private companies through a careful analysis of financial data and
subjective criteria, including quality of management, execution of
strategy, and dedication to research and development.
"Red Herring's recognition of Aspen Avionics as a top 100
company in a non-traditional sector further validates the company's
role as an industry leader," said Len Rand, Managing Director at
Granite Ventures, which led Aspen's Series A venture funding.
"Aspen is revolutionizing light aviation and we're enjoying the
Stephanie Spong of EPIC Ventures (formerly Wasatch Venture
Fund), which led Aspen's Series B investment round, said, "We
appreciate Red Herring recognizing in this somewhat unusual deal
the classic ingredients of a great technology innovation
story-passionate, committed founders who put together a world-class
team to carry their revolutionary idea out to a mature industry
that was hungry for something new. This company has what it takes
to become the next major player in avionics."