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Globe Composite Solutions Ranked Number 32 Fastest Growing Company in North America on Deloitte’s 2007 Technology Fast 500

Attributes its 5,130 Percent Revenue Growth to Providing Innovative Composite Products to Military, Medical and Industrial Customers.

Dallas TX and Rockland MA, October 29, 2007 — Globe Composite Solutions, Ltd. today announced that it ranked Number 32 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.  Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Globe grew 5,130 percent during this period.

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America.  It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.  This is the first year that Globe Composite Solutions has been ranked on Deloitte’s Technology Fast 500.

Globe’s CEO, Carl W. Forsythe, credits product innovation, real-time information management and adhering to a set of core values as the driving factors behind the company’s 5,130% revenue growth over the past five years. “First and foremost, we established a set of core values around how we want to conduct business and treat our employees, vendors and customers”, he said.  “And, we have also built a performance culture by establishing regularly scheduled activities that are designed to stretch our innovative capabilities, improve communication and instill a disciplined sales and service culture across the entire Globe franchise”, he added.   

“To rank on Deloitte’s Technology Fast 500, companies must achieve phenomenal revenue growth over five years,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. “We applaud Globe Composite Solutions for being among the fastest growing companies in North America.” 

About Globe Composite Solutions

Globe Composite Solutions, Ltd. (www.globecomposite.com) is a privately held designer and manufacturer of composite-based products utilizing advanced materials and processes. These products help customers increase product performance in industrial, medical, material handling, RFID and military applications. The company also provides turnkey research, design and manufacturing services for prototype and full-scale production needs and holds numerous patents related to composite materials and material handling products.

The company’s research & development, manufacturing and assembly operations are located in Rockland, MA and its executive and sales offices are located in Dallas, TX. The company serves a diverse customer base including General Dynamics, Northrop Grumman, Lockheed Martin, GE Healthcare, Hologic, Intuitive Surgical, Vanderlande, US Postal Service, ITT, and Bowe/Bell & Howell.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.