Crawley-based laser manufacturer Powerlase has been named the 21st fastest growing private technology company in the
Powerlase, which makes the world’s most powerful nanosecond, diode-pumped solid state (DPSS) lasers, achieved its ranking in The Sunday Times Microsoft Tech Track 100 list.
The company said its high position in the league table is due to the company’s continued success and expansion, demonstrating a year-on-year growth of 400 per cent during 2006.
Its success is in part down to increasing demand amongst consumers for flat-panel display (FPDs) televisions. The company developed a technique known as rapid laser patterning (RLP) that enables electronics companies to efficiently manufacture high-volumes of FPD units. Powerlase has also been working in the plasma display panel (PDP) and liquid crystal display (LCD) markets, leading to deals with electronics giants Samsung and LG.
Samuel Simonsson, Powerlase’s chairman, said: ‘The past year has been extremely successful for Powerlase with the development of the Rapid Laser Patterning (RLP) technique for the FDP market which means we are not only challenging, but beating competing laser manufacturers more than ten times our size.’
The latest achievement follows Powerlase being ranked as the third fastest growing venture capital-backed company in the