Bridgelux Expects a Promising Future in LED Lighting Market

Bridgelux has released a report to show its achievement and confidence in LED Lighting Market.

During the past year, the company raised $76M in additional funding, added several noteworthy customers, introduced innovative products and technology and received numerous industry awards.

The company's revenue grew an extraordinary 792% from FY 2006 to 2010, and it expects to see an additional 100% year over year growth by the end of 2011.

Bill Watkins, Bridgelux's Chief Executive Officer, announced that, "We're seeing significant increases in adoption and demand for LED lighting in many sectors and regions. In fact, we've experienced a 300% unit volume growth in LED array sales in the past year alone, dramatically increasing our market share while also delivering well over 100M high power LED chips to enable new and innovative product designs."
 
"Going forward, Bridgelux is extremely well positioned to meet rising demand: we're well funded, have some of the industry's most innovative technologies and product designs, and have established strong strategic partnerships."

As a result, market conditions and its recent achievements position it for additional growth and leadership in 2012.

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