Pajarito Powder Selected Among Fastest Growing Companies in 2018

August 14, 2018

Pajarito Powder is among the honorees for the Albuquerque Business First Fastest Growing Companies in 2018. 25 companies were selected based upon their revenue growth over the past three years and will be honored at the awards event on September 27th.

Private, for-profit companies headquartered in New Mexico were eligible for nomination, including fully-owned subsidiaries. Applicants were required to have sales or revenue of at least $500,000 in 2017 and have been in business throughout all of 2015.

This exciting selection for the Pajarito Powder team crowns a three-year run of enormous growth in customer interactions and sales. Thomas J. Stephenson, CEO and Chairman of Pajarito Powder stated, “We are immensely proud of our growth, which is emblematic of both the increase in interest in fuel cells, globally, and our team’s commitment to providing the most advanced catalyst materials available commercially, in the world.”

Pajarito Powder, LLC is a venture-backed startup, funded by the Verge Fund, Omphalos Venture Partners and other investors, focused on developing next-generation fuel cell catalysts and catalyst supports for the automotive and other industries. Fuel Cell Electric Vehicles (FCEVs) are the industry recognized replacement for the internal combustion engine (ICE), using potentially sustainably produced hydrogen, emitting only water and providing similar use modalities as ICE vehicles. Working with major automotive OEMs, suppliers and other fuel cell-related manufacturers, Pajarito Powder is well positioned to lead advancements in catalyst and catalyst supports for the burgeoning hydrogen fuel cell industry.

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Pajarito Powder benefits from resources provided by the State of New Mexico Economic Development Department:  JTIP, STEP and other programs through the Office of Science and Technology.