New products and exports lead to Lumidrives 2005 success

Date Announced: 11 Jan 2006

NEW PRODUCTS AND EXPORTS BOOST FOR GROWING LUMIDRIVES

Lumidrives, the UK based LED technology provider has seen turnover for 2005 rise 25% to £3.5m following the launch of successful new products and strong export sales growth.

Founded in 2001, Lumidrives was one of the first companies to realise the potential of high powered LED technology in illumination applications. It specialises in the development of components to enable applications in solid state lighting, including power drivers, LED arrays and optics. The company also offers design services for LED based illumination systems.

Lumidrives’ 2005 growth follows on the back of a doubling of turnover in 2004. Exports now account for 40% of sales with new customers located in Japan, Canada, Turkey, Hungary, Poland, Romania and the Czech Republic.

The company’s technology is used in a wide cross section of applications ranging from high profile exterior and interior lighting systems to medical and industrial applications. New products include a range of optics and a low cost lighting control system ideal for use in retail environments.

Gordon Routledge, managing director says: “I am delighted by our continued growth after the rapid expansion in 2004. Not only are sales up 25%, our staff team has also grown and our factory size has also expanded by 50%.”

Contact
Lumidrives

E-mail:ANichols@lumidrives.com

Web Site:www.lumidrives.com

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