Lightel Technologies, Inc. Named One of Fastest Growing Technology Companies in Washington on Deloitte’s 2008 Technology Fast 50
RENTON, Wash., Thursday, September 25, 2008 —Lightel Technologies Inc., a high technology company founded to bring advanced photonics to industry through products and engineering services since 1999, today announced that it has once again been named to Deloitte’s prestigious Washington Technology Fast 50, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the State of Washington. Rankings are based on percentage revenue growth over five years, from 2003–2007.
“Deloitte’s Washington State Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Larry Hile, a partner with Deloitte & Touche LLP in Seattle. “We applaud the successes of Lightel Technologies, Inc. and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
A first time winner in 2007 Lightel continued its growth in 2008. Lightel’s CEO, Dr. Benson Shen, credits a wonderful team and well-planned business strategy for the company’s growth. "We are honored to be recognized as one of the 50 fastest growing companies this year,” said Dr. Shen. “We will continue to bring great value to our investors and stay competitive with innovation and custom designed products to satisfy demands of the fiber-optic industry.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
About Lightel Technologies, Inc.
Incorporated in 1999, Lightel Technologies was founded to bring advanced optical components, and equipment to the optical communications, aerospace, and sensor industries. Lightel maintains its headquarters in Renton, Washington, with additional manufacturing facilities for high volume, cost sensitive production in Shenzhen, China.
Since the initial passive component product development, Lightel has emerged as a technology leader several key product areas, including Fused Biconic Taper (FBT) component workstations, a full line of FBT components, Thin Film Filter (TFF), and other micro-optic components, video microscopes for inspection , and EDFA products for optical amplification. For more information, visit www.lighteltech.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
PR Contact:
Kevin Shirk
Lightel Technologies, Inc.
(+1) 425-277-8000 ext. 246
elena_wang@lighteltech.com
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