DUBLIN, Ohio, August 14, 2019 /PRNewswire-PRWeb/ — Inc. magazine today announced that LSP Technologies, Inc., of Dublin, Ohio, is No. 2278 on the 2019 Inc. 5000 list of the nation’s fastest-growing private companies.

LSP Technologies (lsptechnologies.com)is the world’s only supplier of commercial-grade laser peening equipment for sale or lease, and the company has pioneered laser peening services since 1995. It also offers Laser Bond Inspection, using laser technology to test the integrity of adhesive bonding for composite parts in aviation, ground transportation, and other applications.

LSPT Technologies’ patented laser peening process improves the useful life and safe operation of a wide range of metal alloy components for aerospace, power generation, automotive, heavy equipment, and medical applications.

LSP Technologies sales grew more than 40% a year from $3.98 million in 2015 to $11.0 million in 2018, a 176% growth in sales over three years. During that time the company’s employment grew from less than 25 to 60 team members today. The Inc. 5000 rankings are a function of the highest three-year compound sales growth rates, and the company entered the top half of the list the first time it appeared.

“I like to think we’re the best 24-year-old startup company around!” said Jeff Dulaney, founder, President and CEO of LSP Technologies. “We have invested long-term – in technology, in customer relationships, and in opportunity for our team members. We have launchpads for growth in Europe and China. And it is our humble hope that the long-term dividends of that research, product development, teamwork, and customer service have only just begun.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000.
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. For more information, visit http://www.inc.com.

SOURCE LSP Technologies, Inc.