Bridgelux, a developer and manufacturer of LED lighting technologies and solutions has announced that it ranks number 135 on Deloitte's 2011 Technology Fast 500 list.
Deloitte's list rates the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America based on percentage of fiscal year revenue growth from 2006 to 2010. Bridgelux grew 792 percent during this period.
Bridgelux's Chief Executive Officer, Bill Watkins, attributes the company's dramatic revenue growth to both strong growth in the general illumination market, and the dramatic adoption of Bridgelux's array architecture.
He says, "Bridgelux's ranking in the Technology Fast 500 is a not only a reflection of our success in delivering leading technology and products, but in our ability to leverage numerous strategic partnerships with global leaders in materials technologies, embedded wireless communication and control technologies, as well as Energy Service Providers. We are honoured by our ranking in the Technology Fast 500 and excited for future growth as we continue toward our goal of bringing revolutionary LED lighting solutions to market."
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of 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 2006 to 2010.
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.