Bridgelux Honored with Rank of 135 in Deloitte Fast 500
Oct 19, 2011
Bridgelux Inc., one of the leading developers and manufacturers of LED lighting, announced its rank of 135th on Deloitte's 2011 Technology Fast 500™ list. This list compares the 500 "fastest growing technology, media, telecommunications, life sciences and clean technology companies" of North America, depending on the percentage of fiscal year revenue growth over the period of four years from 2006 to 2010. In Bridgelux's case, the growth amounted to 792% during that time.
CEO of Bridgelux, Bill Watkins, considers two factors that may have played a role in determining the company's recent bounds. For one, the company's own strong growth occurred in the general illumination market, which would cause an increase in revenue, as well as its "dramatic adoption of [its] industry-leading array architecture." Watkins explains that the ranking in the Fast 500 is not simply representative of their ability to meet consumer demands with progressive technology and products, but also to "leverage numerous strategic partnerships with global leaders" in related fields. Bridgelux is honored by the ranking and looks forward to future growth in the LED market.
Author: Rebecca Milne
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