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Fusion Optix Ranked Number 481 Fastest Growing Company in North America on Deloitte’s 2017 Technology Fast 500™
Attributes 150 Percent Revenue Growth to Unique Technology and a Commitment to Manufacturing
[Woburn, MA], [11/9/2017] — Fusion Optix today announced it ranked 481 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Fusion Optix grew 150 percent during this period.
Fusion Optix’s chief executive officer, Dr Terence Yeo, credits the company’s unique position as a US-based manufacturer of both optics and LED light engines for the rapidly growing energy efficient LED lighting industry with the company’s 150% revenue growth. He/She said, “Fusion Optix has consistently re-invested any corporate profits into growing its capabilities and expanding its production capacity. The hard work and commitment to innovation and manufacturing is finally paying off .”
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.
About Deloitte’s 2017 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Fusion Optix
Fusion Optix’s record of accomplishments as a leading, and trusted, supplier of enabling technologies and solutions to OEMs and product companies the world over. Fusion Optix is focused on technologies that reduce energy consumption and improve light control in markets such as lighting, displays, signage and solar energy. The value of “enabled by Fusion Optix” based upon 3 key value propositions of design leadership, performance and high quality manufacturing. Our patented MicroTek™ and SpekLED™ platforms of innovations covers materials, components and new product designs. Our customers include some of the world’s most recognizable brands and we are inside products used every day in business, industry and the home, as well as demanding scientific, medical, military and aerospace applications. Our company headquarters are in Woburn MA. We are a privately held company with international investors that include Goldman Sachs and Prudence Capital. Fusion Optix was recently recognized as one of the Top100 technology companies in the Americas by Red Herring.