Novel Engineering has been selected as one of Florida’s top 50 companies to watch in 2015 by GrowFL to see significant growth over the next few years.
FOR IMMEDIATE RELEASE
By: Shannon Terry
Director of Marketing & Sales
Novel Engineering, Inc.
Cocoa Beach, FL - September 3, 2015 Novel Engineering, Inc., a Woman-Owned Small Business engineering services company, is among 50 statewide companies in Florida expected to show significant growth over the next several years. Novel Engineering was selected to receive this prestigious award from more that 500 nominees for Florida Companies to Watch℠, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.
Novel Engineering’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award. “The Novel Team is very excited and honored to receive this award and recognition as one of Florida’s top 50 companies to watch in 2015. Since our inception, Novel has been committed to providing engineering services that deliver cutting edge technologies at the highest quality, on time, and under budget. The Novel Team will continue to dedicate itself to its employees, customers, community, and business partners in order to push the boundaries of innovation and sustain economic growth throughout our area. We are inspired by the fervor of small business and by all of the businesses recognized as finalist and winners in this award. It is our great privilege to stand among them,” states Misty Marot, CEO and Chairwoman of Novel Engineering.
“This is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” said Dr. O’Neal. Second-stage companies are defined as those with six to 99 full-time employees and between $750,000 and $50 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
The 50 companies named the 2015 Florida Companies to Watch generated a total of more than $1.2 billion in revenue and added nearly 1,000 employees between 2011 and 2014. Together, the companies project a 23 percent increase in revenue and 19 percent increase in job growth in 2015.
Companies named to the list will be oﬃcially recognized November 5 at the Hard Rock Live, Universal CityWalk, Orlando. For more information, visit flctw.growfl.com.
About Novel Engineering
Novel Engineering is a Woman-Owned Small Business that offers the highest quality and most reliable software, embedded electronics, and systems engineering services for Aerospace, Transportation, Controls, and Government/DoD markets. With having expert knowledge in the complete development lifecycle, Novel can help companies achieve product actualization beginning at any stage of involvement. For additional information on Novel Engineering contact Shannon Terry at (321) 392-0911 or visit www.Novel.Engineering.
GrowFL provides strategies, resources and support, including strategic research and peer-to-peer CEO mentoring and leadership development, to second-stage Florida companies. Created by the Florida legislature in 2009 and grounded in the philosophy of Economic Gardening® — growing existing businesses in a community, region or state — GrowFL is a critical component of the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is certified by the National Center for Economic Gardening through the Edward Lowe Foundation. Website: growfl.com.
About the Edward Lowe Foundation
Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a second mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,600-acre home in southwest Michigan.