The accolades continue to pile up for Quality Electrodynamics.
The developer of advanced coils and electronics for magnetic resonance imaging machines was named to Inc. Magazine’s list of 500 fastest-growing companies in the United States, ranking 13th among healthcare firms and 193rd overall.
Inc. cited QED for its nearly 1,500 percent growth rate over the last three years. The publication listed the Mayfield, Ohio-based company’s annual revenues at $11.9 million.
Last September, Forbes Magazine cited QED as one of the nation’s most promising companies and lauded the MRI firm for its big-name customer base, which includes Siemens and Toshiba.
QED is also success story of Ohio’s Third Frontier high-tech jobs program. The company last year announced ambitious plans that were in part funded by Third Frontier dollars — quadrupling its suburban headquarters and doubling its 40-member staff within 18 months.
Founder and CEO Hiroyuki Fujita is the former director of engineering for GE Healthcare. Fujita started QED in 2006 during a one-year stint as director of imaging physics at Case Western Reserve University.