Revolution Lighting was founded in 1991, mainly producing lighting equipments, listed on Nasdaq in 1994, it began to shift the focus of product development to emerging LED lighting system technology in 2000. At present, it has become one of the leading enterprises offering high-performance LED lighting solutions worldwide.
This year, Revolution Lighting's share price has totally increased by 466 percent, it becomes the best performing stocks among the Nasdaq Index constituent stock, and the market value of Revolution Lighting is US $ 270 million.
The significant growth in the boom of LED industry contributes to the good performance of Revolution Lighting. Panta Le, CEO of Revolution Lighting, expected that LED market will achieve growth of 30% -50% in the next 5-7 years, "LED lighting revolution has only just begun". According to industry reports, it is expected that the current market share of LED lighting in the total market is less than 15 percent, LED penetration will increase significantly to 75% by 2020, and the potential market size is more than 100 billion U.S. dollars.
In addition, the Energy Independence and Security Act passed in 2007 in the United States encourages more energy-efficient lighting, market participants expect that the further follow-up policy will be launched in 2014, which is expected to bring clear benefits for LED lighting industry.
