Palm Bay, Florida: AML Superconductivity and Magnetics is proud to be selected as one of fifty leading second-stage companies selected from approximately 600 nominations statewide, as this year’s class of Florida Companies to WatchSM.
Florida Companies to Watch is an organization that celebrates privately held second-stage companies headquartered in the state. To be eligible, applicants must employ between 6 and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue or working capital in place. Awardees are selected for demonstrating the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths.
“AML is proud to be recognized as a 2014 Florida Company to Watch,” said Mark Senti, President and Chairman. “AML’s model has always been to take any challenge or task and provide a solution that has never been thought of before – AML is accepting the challenge of leading Florida in the coming decades of innovation and creating significant economic returns to the state. Our company is now entering large and high-impact applications, addressing multi-billion dollar markets, based on transformational technologies applied to the areas such as offshore wind power, power distribution, aerospace propulsion, and medical applications.”
“Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. This is our fourth year of celebrating second-stage business leaders throughout the state of Florida. The companies selected for the Florida Companies to Watch awards program stand out among their peers as companies that should be celebrated. In Florida, they account for 5 percent of the companies and nearly 30 percent of the jobs. These companies make a difference and we’re happy to offer the recognition they deserve.”
Florida Companies to Watch is unique because of its focus on second-stage companies and the wide-ranging industries they represent. The impact of these companies on Florida’s economy is immense, and this year’s honorees are examples of such companies in the state. Overall, the 2014 winners had $370 million in total annual revenue in 2013, which was a 36 percent increase in total annual revenue compared to 2012. They employed 1,757 full-time equivalent employees, with 462 net new jobs projected for 2014.
“We’ve seen countless examples of mid-size companies bringing the spotlight to Brevard’s manufacturing community,” said Lynda Weatherman, president and chief executive officer of the Economic Development Commission of Florida’s Space Coast. “Thank you to AML for shining the light on the talent and growth that exists here and congratulations for being named to this elite group that is making a difference within our region, the state of Florida, and beyond.”
2014 Sponsors include Wells Fargo, TWSquared, University of Central Florida, Florida High Tech Corridor, atLarge, Inc., Carlton Fields Jorden Burt, Filmscape, OUC, AMTIS Inc., Enterprise Florida, Fifth Third Bank, Florida Power & Light, Insperity, LSQ Funding, Sorensen Moving & Storage, SunTrust, USF Connect. For more details on Florida Companies to Watch, visit GrowFL.