Five Grand Junction-based firms are among the latest finalists for annual awards honoring fast-growing Colorado companies.

Iron-IQ, Knott Laboratory, QuikRStuff, the Christi Reece Group and Timberline Trailers are among the finalists in the 2022 Colorado Companies to Watch program.

A panel of volunteer judges will choose the 50 winners. The winners will be announced at an awards gala scheduled for June 17.

The program honors so-called second-stage companies for their innovative products, unique processes and performance in the marketplace as well as their philanthropic efforts. To participate, firms must be privately held, headquartered in Colorado, employ the equivalent of six to 99 full-time employees and generate $750,000 to $50 million in annual sales or working capital.

“To get this far in the process means that our finalists have been selected from over 1,000 Colorado second-stage companies nominated by CCTW’s vast community of supporters, partners and business peers,” said Kim Woodworth, chairwoman of the  board of Colorado Companies to Watch.

“Through a time-honored rigorous judging process, our finalists represent the most innovative and accomplished second-stage companies,” Woodworth said. “Not only are they expanding and employing Colorado’s talent, but giving back significantly to nonprofits and charity organizations, supporting our vibrant economy. CCTW recognizes these companies for the crucial economic impact they make on Colorado’s economy.”

Iron-IQ provides supervisory control and data acquisition software to help customers connect equipment, processes and people on the cloud.

Knott Laboratory analyzes and reconstructs a variety of accidents and also uses a variety of technology to assess the condition of existing structures.

QuikRStuf manufactures modular aluminum bicycle racks.

The Christi Reece Group provides real estate services in the Grand Valley.

Timberleaf Trailers builds custom teardrop trailers with sleeping quarters and rear galley kitchens. The company also was a finalist in the 2021 Colorado Companies to Watch program.