DENDRITECH NAMED ONE OF "MICHIGAN'S COMPANIES TO WATCH"
Dendritech's Petar Dvornic and Emery Scheibert
April 26, 2006
(MIDLAND, MI) - Dendritech, Inc. has been recognized as one of the "Michigan 50 Companies to Watch," an awards program sponsored by the Edward Lowe Foundation. The Midland-based company received the honor at award ceremonies during the second annual Michigan Celebrates Small Business event last week in East Lansing.
"We are honored that our organization has been recognized by the Edward Lowe Foundation, particularly among such a prestigious list of peers," said Dendritech President Emery Scheibert. "This kind of affirmation of our work inspires us to continue reaching for greater heights in our role as the world leader in dendrimer production."
"Michigan 50 Companies to Watch is a unique awards program designed to shine the spotlight on second-stage companies," said Edward Lowe Foundation Executive Director Mark Lange. The foundation is a not-for-profit operating organization based in Michigan whose mission is to "champion the entrepreneurial spirit" by helping second-stage entrepreneurs learn from each other.
"Startup companies and large corporations often garner attention for their achievements," Lange said. "But growing second-stage enterprises work mostly behind the scenes, even though they generate the bulk of new, sustainable jobs and are a powerful economic force underpinning the high quality of life most Americans enjoy."
Dendritech is a privately-held company established in 1992 whose main focus is the manufacture and sale of specialty dendrimers, which are special types of polymers with nanoscaled, branched molecular structures. From there it has grown to become the world leader in commercial dendrimer production, headquartered in a 10-acre multi-million dollar manufacturing plant located in Eastwick Industrial Park in Midland, Mich.
Companies nominated to be members of the "Michigan 50 Companies to Watch" list must be second-stage companies, defined as employing 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital in place from investors or grants. In addition, the companies must be privately held and headquartered in Michigan.
Winners were selected by representatives of the Michigan Small Business & Technology Development Center, the Small Business Association of Michigan, the Michigan Economic Development Corporation, the U.S. Small Business Administration-Michigan, the Michigan Certified Development Corporation and the Edward Lowe Foundation.
For more information about Dendritech, call 989.496.1152.