Pixel Velocity has triple digit growth on strength of gov’t contracts, expects to add positions

All this talk of federal budget balancing and project slashing hasn’t scared Pixel Velocity or its executive team. The Ann Arbor-based firm continues to grow at a triple-digit rate thanks mainly to federal and local government contracts for its digital image processing products.The 10-year-old company clocked a 400 percent revenue increase over the last year with contracts for its products at Wayne County Port Authority and Midway Airport in Chicago. “It’s better than ever in regards to federal sales,” says Eric Sieczka, president and CEO of Pixel Velocity. “This is a significant year for us. We’re doing some significant roll-outs. We see a pretty prosperous horizon.”Pixel Velocity creates high-speed digital image processing products for the surveillance and medical imaging markets. One of its biggest markets is installing this technology at points of entry throughout the country, such as ports, airports, and border crossings. Sieczka also expects his company to expand into the petrochemical (oil and gas) market.He expects to add about two new hires to the company’s staff of 15 people later this year, depending on Velocity’s business.Source: Eric Sieczka, president and CEO of Pixel Velocity Writer: Jon ZemkeRead more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.