Colorado company's 426 percent growth lands it the fastest growing company with revenue over $2 million
BOULDER, Colo., May 29, 2012 /PRNewswire via COMTEX/ -- The award-winning LED commercial and industrial lighting manufacturer, Albeo Technologies has been ranked #1 on the Boulder County Business Report 2012 Mercury 100 list. The distinguished listing recognizes the 100 fastest-growing private companies in Boulder County based on two-year growth. Albeo landed the number one ranking by achieving 426 percent growth from its revenue of $2 Million in 2009. The company recorded $10.6 million in 2011 from sales of its commercial and industrial LED lighting fixtures.
"CEO Jeff Bisberg has done an amazing job growing the company, which develops lighting systems for industrial and commercial applications (and which recently secured millions in venture capital)," wrote Boulder Country Business Report Publisher Christopher Wood in his column on May 25th.
"We are thrilled to be ranked #1 by the Boulder County Business Report," said Albeo Co-Founder and CEO Jeff Bisberg. "We've experienced our most profitable year to date in 2011, shipping 26,675 fixtures and adding 10 new engineering jobs. This ranking is a reflection of the hard work of the entire Albeo team and we are honored to accept the award."
The Mercury 100 award criteria, compiled by the Boulder County Business Report's research department, ranks companies based on percent growth from years 2009 and 2010. It is also divided into two categories: the top 50 companies reporting annual revenue less than $2 million and the top 50 companies reporting annual revenue more than $2 million.
About Albeo TechnologiesAlbeo Technologies, Inc. manufactures high quality, long-lasting LED lighting products for commercial and industrial facilities. Albeo has won 16 independently-judged product and company awards including 5 from the US Department of Energy (DOE). Albeo's C-Series, Surface Mount, and S-Series sealed fixtures are designed for general lighting applications and deliver illumination solutions that range from 3,000 to 25,000 lumens. Other products include T8LED Conversion Kits and Troffers for retail, office and school lighting. Details for the entire product line are available on Albeo's website at www.albeotech.com .
