Bridgelux Recognized Again on Inc. 5000 List
Bridgelux, Inc., a leading developer and manufacturer of LED lighting technologies and solutions, has been included for the second consecutive year on the Inc. 5000 list, Inc. Magazine’s sixth annual ranking of the fastest-growing private companies in America. The list represents the most comprehensive look at the most vital segment of the economy – America’s independent entrepreneurs.
Bridgelux is at the forefront of the solid state lighting revolution. In the past year, the Livermore, California-based company’s achievements include Toshiba’s investment in Bridgelux and announcement that it will produce LEDs based on Bridgelux’s “GaN-on-Silicon” technology. GaN-on-Silicon, a major breakthrough in solid state lighting, promises to dramatically slash the cost of lighting by allowing LED manufacturers to build their chips on silicon, rather than more expensive substrates like sapphire. Also this year, Bridgelux developed a financed retrofit program to help municipalities obtain new LED streetlights and lower their energy consumption without spending capital: the cost of the streetlights is covered by the drop in utility expenses.
Inc. ranks these private companies according to percentage revenue growth from 2008 through 2011. In a stagnant economic environment, median growth rate of 2012 Inc. 5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past 3 years, and aggregate revenue among the honorees reached $299 billion.
“Bridgelux is honored to be selected for the second year in a row for a place in the Inc. 5000 list. This serves as recognition of both the growth of the solid state lighting industry and the hard work of our employees in the success of our company,” said Bill Watkins, chief executive officer of Bridgelux. “We believe this also demonstrates the increasingly important role that clean technologies are playing in the rejuvenation of the American manufacturing sector.”
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
The Inc. 5000 companies, including Bridgelux, are profiled on Inc.com and will be celebrated at the Inc. 500|5000 Conference and Awards Ceremony, October 3-5, 2012, at the JW Marriott Desert Ridge Resort and Spa, in Phoenix, Arizona.
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars – the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for 3 days of powerful networking, inspired learning, and momentous celebration.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
Bridgelux is a leading developer and manufacturer 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.