For more information, contact:
Eric Schmidt, President
ADELANTO, CA, March 25, 2021 – Exquadrum, Inc., a Research and Development Aerospace engineering company, has been named on the Inc. 5000 list of the fastest-growing 5,000 private companies in America in 2021. Inc. Magazine revealed that Exquadrum ranked 167 on its second annual Inc. 5000 Regionals: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of theannual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy’s most dynamic segment-its independent small businesses.
Exquadrum, Inc., a privately held company,was founded in 2002 by Eric Schmidt and Kevin Mahaffy who both individually had over a decade of experience in civil service at the Air Force Research Lab, AFRL, at Edwards Air Force Base. Since its inception, Exquadrum has had contracts with many Government customers including the Defense Advanced Research Projects (DARPA), the Missile Defense Agency (MDA), United States Air Force (USAF), and the Defense Threat Reduction Agency (DTRA). CEO of Exquadrum, Kevin Mahaffy, said, “From our early years, where contract values hovered around the $90,000 range, to our $15.1M contract awarded by DARPA in 2018 for the Op Fires program, we have experienced tremendous growth as a company.”
Exquadrum attributes its staggering growth over the last almost 2 decades to doing exactly what its name means, thinking outside the box. Having just the right team in place to take ideas from pen and paper to CAD drawings to manufacturing, makes us standout among a field of very talented companies.
“Being named among the top 250 privately held and fastest-growing companies in the California is quite an honor and a prestigious recognition for Exquadrum,” said Eric Schmidt, President of Exquadrum. The companies on this list show stunning rates of growth across all industries in California. Between 2017 and 2019, these 250 private companies had an average growth rate of 535 percent and, in 2019 alone, they employed more than 40,000 people and added nearly $7 billion to the California economy.