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Outlook up-tempo: ColoradoBiz Top Company panelists look for good year as long as high interest rates and fuel prices don't act as drag on economy.

Publication: ColoradoBiz
Publication Date: 01-DEC-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Outlook up-tempo: ColoradoBiz Top Company panelists look for good year as long as high interest rates and fuel prices don't act as drag on economy.(Panel Discussion)

Article Excerpt
CLIFF BROWN AND RUSS FARMER OWN and run ADA Technologies Inc., a Littleton company with 35 employees. ADA has grown steadily at a 30 percent per-year clip since 2000--straight through the national recession of 2001 and through the Colorado recession that has lingered through 2002, 2003, 2004 and into 2005. The firm uses federal business-development grants to turn technology research into commercial products, and its growth rate is as much a testimony to its success as any other indicator could be.

Both Brown and Farmer anticipate that 2006 will be an even better year for their small business. ADA opened a Wyoming office in November, and Farmer said ADA's revenues in 2006 could grow by more than 50 percent next year.

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Over the life of the 20-year-old company, ADA has generated almost $47 million in revenues; it has been granted 17 patents for its technology; and, in September, had six to 12 more patents in development.

Brown and Farmer, winners of a ColoradoBiz Top Company award in 2005, were among almost a dozen executives of Colorado firms who participated in the magazine's annual economic-forecast roundtable, a discussion of firms' past...

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