Increasing Demand for Optical Connectivity Fuels 678 Percent Revenue Growth for Premier Semiconductor Laser Company
ITHACA, NY—(Marketwired – Nov 18, 2013) – BinOptics Corporation, a leading manufacturer and supplier of semiconductor lasers for optical connectivity, today announced it ranked 167 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. BinOptics grew 678 percent from 2008 – 2012.
BinOptics’ co-founder and chief executive officer, Dr. Alex Behfar, credits the growth in optical communications and his company’s ability to execute against this opportunity for the 678 percent revenue growth. “With the rapid world-wide growth of smart phones and applications such as online video streaming, optical connectivity in Cellular Backhaul, Data Centers, and Fiber-To-The-Home have strongly driven up the demand for our semiconductor laser products,” said Dr. Behfar. “Our team’s ability to satisfy our customers’ demand using the scalability of our patented technology platform has allowed us to rapidly grow our business. Looking at 2014 and beyond, we continue to see strength in these markets, but also start seeing the impact of our unique solutions for the silicon photonics market.”
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Mr. Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added Mr. James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
BinOptics announced a relationship with Kotura (now Mellanox) earlier this year, to develop laser arrays, bonded onto Kotura’s Optical Engine, producing a high-volume, low-cost, electronics-style assembly. The company also revealed the incorporation of its patented Etched Facet Technology (EFT) into a variety of silicon photonic applications.
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
BinOptics Corporation is a trusted ISO-certified volume supplier of semiconductor lasers for the Telecom and Datacom industries, with approximately 50 million lasers shipped. BinOptics uses its proprietary Etched Facet Technology to manufacture highly reliable, high-volume, and low-cost lasers. BinOptics’ current products include a wide range of FP and DFB lasers as well as lasers with narrow far-fields that offer exceptional fiber coupling. With modulation speeds exceeding 10-Gbps, the company’s products provide transceiver and other photonic equipment manufacturers with unprecedented price-performance advantages. BinOptics also offers custom integrated components for optical systems and subsystems. These solutions deliver excellent value through cost, size, and power reductions by replacing several discrete components with a single monolithic chip. For more information about BinOptics and its products, please visit www.binoptics.com.