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11 April 2018

UV LED curing firm Phoseon investing in factory and global business expansion

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

UV LED curing firm Phoseon Technology of Hillsboro, OR, USA has announced its continued business expansion and growth plan.

“The positive investment atmosphere for corporations in the US and the continuing need for innovative LED solutions demanded by the markets we serve have created the need for further expansion of our Hillsboro, Oregon, facility,” says president & CEO Bill Cortelyou. “Operating as a global supplier to the industry, the latest move by the US government to support a competitive corporate tax structure will make us even more competitive,” he believes.

Phoseon will expand its headquarters by more than 50%, including added space for manufacturing, design and its new Life Sciences division. Phoseon has exceeded 25% annual growth for the past five years and the expansion is targeted at enabling the firm, with 175 staff, to accelerate its growth. In addition to this US expansion, Phoseon recently established a wholly owned entity in Shanghai, China.

“The UV LED market is still in its infancy,” comments Avinash Matani, research analyst at The Insight Partners. “As the technology grows and matures, and market leaders like Phoseon Technology amplify its capabilities, we expect this market to continue to grow at greater than 25% annually.”

The UV LED market is expected to exceed $1.3bn by 2025. An increase in the number of companies offering UV LED packages, and expansion of UV technology in various applications (including curing, purification, analytical instruments and medical phototherapy) will have the biggest impact on the adoption of UV LED technology over the forecast period, it is reckoned.

“Phoseon is encouraged by the progress and market presence we’ve attained over the past 16 years,” says chief financial officer Chris O’Leary. Since 2002, the firm has shipped more than 100,000 lamps for applications ranging from packaging solutions for consumer goods to disinfection of laboratory samples. “With a strong balance sheet, we will continue to invest heavily in research and development to enable high-value solutions to lead this market transition. Phoseon currently offers the broadest portfolio of innovative LED solutions across the industrial curing and life sciences market,” he claims.

Tags: UV LEDs

Visit: www.phoseon.com

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