Attributes 546 Percent Revenue Growth to Broader LED Adoption and Leading Innovation
LIVERMORE, CALIF., NOVEMBER 18, 2013 — Bridgelux, a leading developer and manufacturer of LED lighting technologies and solutions, today announced it has been ranked 192 on Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Bridgelux earned this ranking with its revenue growth of 546 percent over the last four years.
Bridgelux’s chief executive officer, Brad Bullington, credits the Company’s achievement of this honor to its success in developing and introducing high performance LED light source products timed with the wider adoption of LED lighting, as the public becomes ever more attuned to the energy saving and other benefits of the technology and increasingly competitive cost compared to traditional lighting, “We are honored to be recognized for the third consecutive year among Deloitte’s Technology Fast 500. Our company is dedicated to delivering the highest quality lighting solutions and this award is another telling sign of the dramatic growth of LED lighting and Bridgelux’s leadership in the industry.”
Bridgelux is a leading developer and supplier of technologies and solutions transforming the $40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux is a pioneer in solid state lighting (SSL), expanding the market for light emitting diode (LED) technologies by driving down the cost of LED lighting systems. Bridgelux’s patented light source technology replaces traditional technologies (such as incandescent, halogen, fluorescent and high intensity discharge lighting) with integrated, solid state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy efficient white light for the rapidly growing interior and exterior lighting markets, including street lights, commercial lighting and consumer applications. Bridgelux is the only vertically integrated LED manufacturer and developer of solid state light sources that designs its solutions specifically for the lighting industry. For more information about the company, please visit www.bridgelux.com
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.