SOMERSET, NJ-- In its annual review of the world's best small companies, Forbes Global, the international edition of the top business magazine, named William Dement Holding, the parent company of Oticon, Inc., as one of the 20 'star performers among the world's most dynamic businesses.'
Businesses selected for the top 20 list of the best small companies must be 'stars in their respective fields,' according to Forbes. The article went on to point out that companies chosen 'have solid, growing businesses' and 'hold the promise of becoming very large companies.'
The 96-year-old William Dement Holding, traded on the Danish stock market, has quadrupled its share price in the past 12 months. The company had enjoyed 25% annual profit growth for the past eight years and manages the sales and distribution of 45 companies in 24 countries.
Oticon, Inc., the company's U.S. unit located in Somerset, New Jersey, has over 250 employees. Due to high consumer demand for digital hearing instruments, Oticon, Inc. recently expanded its Somerset plant facilities by approximately 50 percent.
'We simply bring state of the art products to market through efficient and focused research and development,' Mikael Worning, President of Oticon, Inc., states. 'We can deliver the best products in all price segments.'
Around the world, Oticon is recognized as a leading manufacturer of advanced hearing solutions. A pioneer in digital technology, the company introduced the first ear-level fully digital hearing instrument in 1996. Oticon is committed to improving the quality of life for those with hearing loss, through research, technological advancement and a focus on patient requirements.
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