Worldwide Power Named to Forbes America’s Most Promising Companies
Houston, TX, (December 1, 2011) — Worldwide Power Products (WPP), a power-generation equipment provider to industrial clients worldwide, today announced that it has been named to Forbes’ first annual America’s Most Promising Companies (AMPC) list available at www.Forbes.com/ampc and in the December 19 issue of Forbes magazine.
“We’re honored to be recognized by Forbes, one of the most respected and successful American publishers,” said WPP Vice President Mark Lum. “This award fuels the already momentous achievements we’ve made in 2011 and helps put us on plan to further capitalize on our investments in people, services and, most importantly, product availability in 2012.”
Forbes’ list of America’s Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
About Worldwide Power Products
Worldwide Power Products specializes in power generation equipment including new and used engines and generator sets. As an independent company based in Houston, Texas, the company buys and sells new and used generator sets and engines worldwide. In addition, the firm provides rental services for job sites in Texas, Louisiana and the Gulf of Mexico. Generator sets range in size from 20kW – 2500kW and engines range in size from 150hp – 4000hp. Brand specialties include Caterpillar generator sets and engines and Cummins generator sets. For more information and a complete list of inventory, visit: www.wpowerproducts.com.