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INFORMATI®N <br />mover <br />MEMORANDUM <br />TO: Econo c Development Authority <br />FROM: An ie c ert, Economic Development Assistant <br />DATE: 10 November 2008 <br />SUBJECT: Elk River Companies, Quality Label and Cymbet recognized <br />QUALITY LABEL <br />The MN Business Journal recently ranked Quality Label & Barcoding Inc. the 35`h fastest <br />growing private company in MN. Companies are ranks by their revenue growth over <br />the past three years. <br />Quality Label is a family owned printing firm founded in 2002. Employing 40 people, <br />Quality Label offers a wide array of labeling options from flexographic labels to <br />consecutive bar coding and is currently growing at a rate of 77.3 I% <br />CYMBET CORPORATION <br />This year, Cymbet Corporation was the recipient of the 2008 Advanced Manufacturing <br />Tekne Award for a small and growing company. This award is presented to companies <br />that have excelled in the production of advanced materials and chemicals, machinery and <br />equipment, electronics and components, measuring instruments, photonics, optics and <br />lasers, computer and peripheral equipment (www.tekneawards.org) <br />Founded in 2000, Cymbet is a leader in thin film battery technology and energy <br />harvesting power management solutions. They have developed a unique approach to <br />assemble and manufacture the Cymbet EnerChip in high volumes. This is a new <br />innovation in energy management and storage battery that provides convenient storage <br />in a form factor. They provide back-up power which can last up to several weeks <br />depending on the stand-by current requirements of the system. <br />Attachments <br />• "Fastest growing Private Companies" Minneapolis/St. Paul Business Journal <br />• 2008 Tekne Awards Annoucement <br />