United Silicon Carbide Inc. named New Jersey’s 50 Fastest Growing Companies

United Silicon Carbide, Inc. (USCi) has been named one of New Jersey’s 2014 50 Fastest Growing Companies. The award program produced by NJBIZ, New Jersey’s premiere business news publication, is presented by ParenteBeard, LLC and sponsored by Comcast Business, Mass Mutual, UnitedHealthcare, Citi and Archer & Greiner.

The NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey’s most dynamic companies who progressively contribute to the success of the state’s economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of or greater than $500,000 within the past two out of three years and growth in revenue over a three year period, dating from fiscal year 2011 to 2013.

Presenting sponsor, ParenteBeard, LLC calculated the nominations and then ranked the companies according to revenue growth over the three year period. Both dollar and percentage increases were taken into consideration. NJBIZ and the program sponsors will honor this year’s 50 fastest growing companies and announce their ranking live during an awards dinner and ceremony on Thursday, November 13, 2014 at The Palace at Somerset Park in Somerset, New Jersey. The honorees will also be highlighted in a special supplement to NJBIZ on November 17, 2014.

“I am thrilled by United Silicon Carbide’s growth over the last several years. In particular, our advanced SiC technology has resulted in leading edge product releases. USCi is engaged with more and more global customers on a daily basis. These customers need our products to provide the most efficient power solutions to their end customers. Our Silicon Carbide solutions provide a design edge for our customers that benefit them in their end applications. This Award highlights our latest growth in terms of companies on the move. I am excited to be part of this select group of companies that are making progress in the global markets, while drawing on the enormous technical talent that our Universities in the Princeton NJ area provide”. Commented Dr. J. Christopher Dries, President and CEO of USCi

For more information about the NJBIZ 50 Fastest Growing Companies awards program or to reserve your seats to the event, please visit www.njbiz.com/events.