Press Releases

Paragon Space Development Corporation listed in Inc. Magazine as one of America’s 5000 Fastest-Growing Private Companies

TUCSON, Arizona, August 20 – Paragon Space Development Corporation, headquartered in Tucson, Arizona was listed as one of the fastest growing companies by Inc. Magazine. The listing revealed that Paragon is ranked number 1,148 in the nation, with 2007 revenue of $5.8 million, 53 employees and a 3-year growth of 326.00%.

“We are honored to be recognized for the growth we have had over the past couple of years. It is especially important when working in such a highly competitive industry” said Taber MacCallum, CEO of Paragon.

Inc.com, the online arm of Inc. magazine today, announced its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region, can be found at www.inc5000.com.

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”

Paragon, founded in 1993, is a full-service aerospace engineering and technology development firm specializing in life support in extreme environments. Paragon is a major supplier of environmental control and life support system and sub-system design for the aerospace industry with expertise in thermal control for orbiting and re-entering spacecraft and hyper-velocity aircraft. For more information, see:  www.paragonsdc.com

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For more information, press only:
Leslie Melton, Paragon SDC 520-903-1000 ext 4841
lmelton@paragonsdc.com