Powerlase, UK manufacturers of diode-pumped solid state lasers, have been listed in The Sunday Times Microsoft Tech Track 100 rankings as the 21st fastest growing private technology company in the UK and the highest placed industrial manufacturer in the rankings.
Powerlase has been able to achieve impressive growth by capitalising on increasing demand amongst consumers for flat-panel display (FPDs) televisions. The company has developed a technique know as Rapid Laser Patterning (RLP) that enables electronics companies to increase high-volume manufacturing efficiently of the FPD units. Powerlase has made significant inroads in the plasma display panel (PDP) and liquid crystal display (LCD) markets, leading to high-profile deals with electronics giants Samsung and LG. The RLP technique is fast becoming the preferred method of manufacture for consumer electronics companies.
The Tech Track 100 recognises UK companies that are dedicated to the development of high-tech, cutting edge technology and are based on sales growth over the last two years. Powerlase's high position in the league table is due to the company's continued success and expansion, demonstrating a year-on-year growth of 400% during 2006.
A global distribution network has also been established over the past 12 months, bringing opportunities in the European, Chinese and Japanese markets in addition to those in Korea.
The latest achievement follows Powerlase being ranked as the third fastest growing venture capital-backed company in the UK by The Daily Telegraph in September this year.
Contact: Mark Middleton