Bridgelux Inc., the first, new US-based LED manufacturer in the past 20 years, announced it ranked 128 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.Last year, Bridgelux ranked 135 as a Technology Fast 500™ award winner.
 
Bridgelux’s chief executive officer, Bill Watkins credits understanding the market, investment in technology and product innovation with the company’s 876 percent revenue growth. He said, “We are honored to be ranked among the fastest growing technology companies in North America.  Bridgelux has focused on developing light source technologies that simultaneously increase design flexibility for our customers and drive down the cost of light to enable rapid market adoption. In addition, we have established strong strategic relationships both in manufacturing and technology development, leveraging our core competencies to drive rapid revenue growth and new market penetration. I appreciate the tremendous support of our strategic partners, as well as the dedication of our employees, which has been truly instrumental in Bridgelux’s success.”
 
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.