New Mexico Flying 40 Awards 2008

The 2008 New Mexico Flying 40 awards--given to the state’s fastest-growing technology-based businesses. 

New Mexico’s future is technology; and New Mexico’s future is bright. Jobs
at the Flying Forty increased from 2,636 in 2002 to more than 4400 in 2007, a 67 percent increase. Revenue increased from $401 million in 2002 to over $774 million in 2007, a 93 percent increase.

“The greater Albuquerque region, Forbes says is the single ‘best place for business and careers’ and it’s these technology-based companies that cause Forbes to rank us no. 1.  Our new technology-based economy has been born.  The Flying 40 is an example of the finest New Mexico has to offer,” said TVC President Sherman McCorkle. 

The event is sponsored by KPMG, LLP, New Mexico Bank & Trust, the Albuquerque Journal Business Outlook, and Technology Ventures Corporation. 

The technology companies selected for the Flying 40 were honored at an awards luncheon on June 12, 2008, 11:30AM- 1:30PM, at the Embassy Suites Hotel in Albuquerque.

The 2008 New Mexico Technology Flying 40 are:

2008 Falcon Award

In addition to the Flying 40, an Honorable Mention has been awarded to nine companies who have demonstrated outstanding growth potential in the state of New Mexico:

AERO Mechanical Industries, Inc.

"The Flying 40 event is an annual opportunity to showcase the excellent progress of locally grown technology firms. The event spotlights the development of some technology companies that are not well known to the public."

    -- Sherman McCorkle,   President & CEO, TVC

The Flying 40 is a selection of the top 40 revenue-generating technology companies in the state of New Mexico. The selection criteria are based on revenue and revenue growth.

The New Mexico Technology Flying Forty awards annually recognize the forty fastest-growing technology companies headquartered in New Mexico. The program, now in its eleventh year, invites companies to participate in one of three categories:

1. The top revenue growth companies with revenues between $1 million and $10 million.
2. The top revenue growth companies with revenues of more than $10 million.
(Categories 1 and 2 will be calculated on the percentage of revenue growth between 2003 and 2007).
3. The top revenue-producing technology companies irrespective of revenue growth.