Letter from Tim Hysell
With 2017 coming to a close and the new year upon us, I would like to reflect on what the past 12 months have meant for ZincFive. Through the dedication of our employees and the generous support of our board and shareholders, the company has achieved significant milestones we can be proud of that point the way to an exciting future in 2018 and beyond. Our success in 2017 garnered accolades as a recipient or finalist for multiple awards from the Technology Association of Oregon, Portland Business Journal, Oregon Entrepreneurs Network and Frost & Sullivan named us Entrepreneurial Company of the Year in the Intelligent Transportation Industry. Leading industry research and advisory firms including Gartner and 451 Research have also taken note and featured ZincFive in their publications.
Most importantly, our customers and partners acknowledged the benefits of our unique solutions demonstrated by 100% revenue growth in our transportation segment and 186% revenue growth in our total business. We secured 40 new customers during the year including a key win with the City of San Francisco, executed a private label agreement with transportation industry leader Econolite and developed new world class distribution partners. The success of our transportation segment has led to our expansion into the data center market and we shipped our first system, pictured here, in December to a leading, visionary data center customer.
The company has embarked on the development of strategic business relationships and discussions are underway with large global companies to be our partner in addressing significant vertical markets beyond the transportation and data center segments.
Our business growth and the demand for our technology has provided the opportunity to expand our team and we welcomed 36 new employees to ZincFive this past year. Our noteworthy accomplishments couldn’t have happened without all of us pulling together and I am taking this opportunity to thank everyone for your contribution and commitment as well as the inspiration you bring every day to ZincFive. The company is well positioned going into 2018 and we can look forward to the challenges and success that come with being part of a dynamic company.