|| Print ||
|Wednesday, December 08, 2010|
Hillsboro-based Phoseon Technology, one of the fastest-growing clean tech companies in Oregon, announced this morning that it plans to expand its manufacturing capacity by 50 percent, adding jobs to an industry with great potential.
Phoseon has developed new way to dry and cure industrial products using ultraviolet Light Emitting Diode (LED) technology. It sells its diode-filled purple boxes to industrial businesses globally, with particularly strong sales in Germany and Japan. The market potential is huge, since many businesses need to dry and cure things during their manufacturing processes.
Since its founding in 2002, Phoseon has grown by an average of more than 50 percent annually, to the point where the company is running out of room. The expansion is scheduled to begin in January, growing the manufacturing center and administrative offices from 13,000 square feet to 20,000 square feet. Phoseon is also hiring; the company employs 35 people in Hillsboro and plans to grow to add 15 jobs by the end of 2011.
“We are very happy to announce this expansion of our Oregon headquarters and manufacturing facility,” said Bill Cortelyou, Phoseon President & CEO in a prepared statement. “Phoseon is a true Oregon success story – Oregon entrepreneurs and significant Oregon venture funding have made the success possible. We plan to continue to grow in Oregon – bringing much needed manufacturing, engineering and other professional job opportunities to the local economy.”
Of course, 15 new jobs mean little when stacked up against the 26,463 jobs the private sector lost in Multnomah County over the past decade. But the success of Phoseon shows there are niche areas of significant potential within the general fog of the Oregon economy.
Ben Jacklet is managing editor of Oregon Business.
|A Taste of Heaven|
|A Good Leap Forward|
|Fast Food Slows Down|
|Startup or Grow Up?|
|Tight and Loose|
|Cognizant to buy TriZetto|
|Apple hits new record with iPhone 6 preorders|
|U.S. retail sales driven by car, health purchases|
|New iPhones face shipping delays|
|New York, nation pause to remember 9/11|
|Nine in 10 U.S. children eat too much salt|
|Apple unveils bigger iPhones, wearables|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
First Call Resolution targets employee well-being and client satisfaction.
How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
Sussman Shank is proud to announce that eight attorneys have been selected by their peers for inclusion in the 2015 edition of Best Lawyers in America, the oldest and most respected peer-review publication in the legal profession.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.