Sunday, December 22, 2024

Bridgelux Anticipates Strong Growth in the LED Lighting Sector

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Bridgelux has reported significant advancements and robust confidence in the LED lighting market following a successful year marked by $76 million in additional funding, numerous industry awards, and the onboarding of several key customers. The company experienced a remarkable 792% revenue growth from fiscal years 2006 to 2010, anticipating a further 100% increase by the end of 2011. CEO Bill Watkins highlighted a 300% surge in unit volume sales of LED arrays over the past year, affirming Bridgelux’s growing market share and the delivery of over 100 million high-power LED chips for innovative product designs. With a strong financial foundation, cutting-edge technology, and strategic partnerships, Bridgelux is poised for continued growth and leadership in the LED sector in 2012.

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