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Zoom Telephonics Ranked as One of the Fastest Growing Companies in North America on Deloitte’s 2019 Technology Fast 500 for the Second Year in a Row

Boston, MA, Nov. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Zoom Telephonics, Inc. (“Zoom”) (OTCQB: ZMTP) (the “Company”), a leading producer of cable modems and other communication products, today announced that Zoom was included on Deloitte’s Technology Fast 500™ list for a second year in a row.

Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.

The Company moved up 44 spots in the ranking to 445.  Revenues over the three-year period increased from $10.8 million for the year ended December 31, 2015 to $32.3 million for the year ended December 31, 2018.

Frank Manning, Zoom’s CEO and Chairman, commented: “We’re pleased with our growth, which was fueled by our Motorola® brand license and superb execution. We look forward to 2020, when we expect to benefit from exciting new products and a great team of people here at Zoom.”

Joe Wytanis, Zoom’s President and COO, added, “This is a terrific honor that reflects the hard work of our employees and the outstanding relationships we have with our suppliers, partners, and customers.”

About Zoom Telephonics

Zoom Telephonics, Inc. designs, produces, markets, and supports cable modems and other communication products.  The Company’s worldwide Motorola license agreement includes cable modems and gateways, DSL modems and gateways, cellular modems and routers and sensors, and other Internet and network products.  For more information about Zoom and its products, please visit https://investor.zoom.net/ and www.motorolanetwork.com.

MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.

Investor Relations Contact:

Jeremy Hellman, Vice-President 

The Equity Group Inc.

Phone: 212-836-9626

Email: jhellman@equityny.com

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