Attributes 165% Revenue Growth to LSG’s Quick Response to Market Changes and Smart Disruptive LED Innovation
MELBOURNE, Fla.–(BUSINESS WIRE)–Lighting Science Group Corporation (OTCQB:LSCG) today announced that it has ranked once again 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. Award winners for 2014 are selected based on revenue growth from 2009 to 2013. Lighting Science grew 165% during this period.
Lighting Science’s chief executive officer, Edward Bednarcik, credits a continued focus on delivering innovative lighting solutions to the market that solve real customer problems. “We, as a team, take tremendous pride in this accomplishment, which recognizes LSG as the fastest growing lighting company during this period. It’s truly an honor to be recognized alongside such incredible companies as Facebook and Tesla and we look forward to continuing to delight our customers.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
Lighting Science Group has had the distinction of being a past recipient of this prestigious award, both in 2012 and again in 2013. Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must have been in business for a minimum of five years and be headquartered within North America.
About Lighting Science Group Corporation
Lighting Science (OTCQB:LSCG) is a global leader in innovative LED lighting solutions that designs, manufactures and brings to market the most advanced and intelligent products for both consumer, professional and retail applications. By inventing breakthrough, award-winning, LED lamps and lighting fixtures that truly work in sync with nature, we follow one of our core values by being committed to unleash the science of light to make people, and our planet, look, feel and heal better. Lighting Science Group is headquartered in Melbourne, FL, with an Asian office located in Hong Kong, China. Find out more at www.lsgc.com or www.definitydigital.com and join us on Twitter, Facebook, LinkedIn and the Lighting Science Blog.