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Corinex Recognized Among Fastest-Growing Companies

Corinex Communications has proudly announced its placement at number 331 on the Deloitte Technology Fast 500™ list for 2024. This esteemed ranking recognizes North America's 500 fastest-growing technology, media, telecommunications, and energy technology companies. With an astounding growth rate of 352% over the past three years, Corinex's achievement stands as a testament to its innovative solutions and strategic partnerships.

The Growth Catalyst

Peter Sobotka, CEO of Corinex, attributes this remarkable growth to a combination of an expanded product offering and successful strategic collaborations. Notably, the company's partnership with E.ON UK and E.ON Group Innovations has facilitated the launch of new grid flexibility solutions in Germany, thereby enhancing network transparency in response to growing international demand.

Sobotka emphasizes the critical role these solutions play in addressing global grid constraints. By offering flexibility necessary for scaling low-carbon technologies (LCTs), Corinex is positioned as a key player for utilities aiming to safeguard their infrastructure while pursuing rapid revenue growth. The company's solutions not only protect the power grid but also expedite the integration of LCTs, thus engaging consumers actively in the shift towards decarbonization.

“Providing significant value by resolving global grid constraints is essential for energy providers and consumers alike,” Sobotka stated. He reaffirmed Corinex's commitment to delivering scalable solutions that can be implemented regardless of regulatory environments, enhancing the existing low-voltage infrastructure where necessary.

A Celebration of Innovation

The Deloitte Technology Fast 500 has been celebrating innovation in its 30th year, highlighting the growing importance of software and fintech sectors. Steve Fineberg, Deloitte's U.S. Technology Sector Leader, noted the strong representation of private companies this year, marking a significant milestone in the program's history.

Christie Simons from Deloitte accentuated that the emphasis on innovation and transformation is particularly salient in this year’s rankings. The winners not only showcase impressive revenue growth but also demonstrate a sustained commitment to driving progress in their sectors.

About Corinex

Corinex is a pioneering provider of broadband powerline (BPL) solutions designed for network visibility and flexibility, enabling the digital transformation of energy distribution systems globally. The company’s offerings speed up the integration of low-carbon technologies, automate the energy infrastructure, and transform traditional power grids into intelligent, dynamic energy systems.

As it continues to collaborate with key technology partners and clientele, Corinex is well-positioned to lead the charge in adapting to the evolving energy landscape, ensuring a sustainable approach to energy distribution in the future.

About Deloitte

Deloitte offers top-tier audit, consulting, tax, and advisory services to many recognized brands, including nearly 90% of the Fortune 500®. With over 175 years of experience, Deloitte supports clients in navigating the complex business landscape while fostering innovation across industries. As a leading professional services network, it extends its services across over 150 countries and territories.

For more insights and details regarding Corinex and its groundbreaking technologies, visit their official website.