Leading Developer and Supplier of Components and System Solutions for Energy Efficient LED Lighting Receives Recognition
WOBURN MA – MAY 25, 2012 – Fusion Optix (www.fusionoptix.com) a leader in energy efficient lighting and optical technologies announced today it has been selected as one of the winners of the Red Herring’s 2012 Top 100 Americas Tech Startup Award. Red Herring announced the award at a gala event in Santa Monica in recognition of the leading private companies throughout the region, and celebrated these startups’ innovation and technologies across their respective industries.
Red Herring’s Top 100 Americas list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the Americas to the Top 100 Winners. We believe Fusion Optix embodies the vision, drive and innovation that define a successful entrepreneurial venture. Fusion Optix should be proud of its accomplishment, as the competition was very strong.”
“We are honored to be recognized for our commitment to innovation and to be selected as a Red Herring Top 100 Americas Tech Startup Award Winner,” said Fusion Optix CEO Dr. Terence Yeo “Fusion Optix is experiencing very strong growth and has now served 33 countries worldwide. We are accelerating the commercialization of our ground breaking technologies, which we have protected with more than 80 patent applications. We are very fortunate to have received the support of major OEMs early in our growth cycle and I would like to thank them and our exceptional team. Our focus is to continue help improve the efficiency of lighting systems the world over and drive the commercialization of exciting new products and technologies.”
About Red Herring Top 100 North America Tech Startup Award
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Americas.
About Fusion Optix
Fusion Optix is focused on technologies that reduce energy consumption and improve light control in markets such as lighting, displays, signage and solar energy. Our patented CORE™ platform of innovations covers materials, components and new product designs. Our customers include some of the world’s most recognizable brands and we are inside products used every day in business, industry and the home, as well as in demanding scientific, medical, military and aerospace applications. Our company headquarters is in Woburn MA. We are a privately held company with international investors that include Goldman Sachs and Prudence Capital. Fusion Optix was recently recognized as one of the Top 100 Most Innovative Technology Companies in the Americas by Red Herring.
