Intellitec Products, LLC is among the top 50 second-stage companies in Florida selected as a GrowFL Florida Companies to Watch Honorees.
The statewide awards program identifies companies expected to see significant growth over the next several years.
Companies to Watch was developed by the Edward Lowe Foundation as a way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes, Intellitec said. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching.
Ned Schiff, president at Intellitec Products, said: “Our team at Intellitec Products is honored to receive this prestigious recognition. We recapitalized the company in 2021, allowing us to purchase our 11-acre campus with 34,000 feet of facilities, dramatically expand our manufacturing capabilities and capacity and invest in product development.”
71 finalists were announced earlier this year, and the 50 honorees were selected after a final judging round by an esteemed panel of past honorees, economic development leaders and GrowFL corporate partners.
“Intellitec has experienced strong growth in revenues through new products, new markets and contract manufacturing,” Schiff said, “to meet the growing demand for U.S. manufactured electronic products over the past few years. We are even more excited for the future as we launch a number of new products for the RV, marine and specialty vehicle markets. We are focused on providing value to our customers through innovative and cost-effective products.”
To qualify for the award, companies must be headquartered in Florida, have between six and 150 employees and generate revenue between $750,000 and $100 million.