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|Articles - February 2011|
|Thursday, January 27, 2011|
For nearly a decade Phoseon has been trying to transform the printing industry by replacing high-voltage, mercury-based bulbs used to dry and cure ink with ultraviolet LED lamps that last longer, emit less pollution, use less energy and contain no mercury. For years the company made a clean tech argument for its products similar to that of the solar and wind power industries. As in, yes, the product is more expensive, but…
Not any more. After years of research and development and 50 patents filed for or approved, CEO Bill Cortelyou says Phoseon lamps are as powerful as mercury lamps and similarly priced. “Our lamps today are 10 times more powerful than they were four years ago,” he says. “We used to have to push the product into the marketplace. Now we’re feeling a pull.”
Launched in 2002 and backed with venture capital, Phoseon reached profitability in 2009. Cortelyou, a former vice president of operations for IDT, first invested in the company in 2004 and took over as CEO in 2006. Phoseon grew from 24 to 34 employees in 2010 and Cortelyou expects 50 jobs and 3,000-4,000 lamps shipped by the end of 2011. His goal is to build a $70 million to $80 million business employing 250-300 people.
That could happen if the printing industry makes the shift from mercury to LED. About 60% of Phoseon’s business is in printing, and Cortelyou sees a billion-dollar market in replacing the printing industry’s mercury bulbs with LED lamps. The technology also has applications curing and drying adhesives and lacquer in the automotive, furniture and electronics industries.
Beyond that, Cortelyou sees vast potential in thin-film solar panels, organic LED computer monitors and other futuristic products. “The mercury lamp is fragile, high voltage and large,” he says. “If you can substitute that with something smaller and more efficient you can start doing all sorts of things that weren’t feasible before… The growth in this business is going to be all of the things we never thought of.”
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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