|| 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.
|The List: 100 Best Nonprofits to Work For in Oregon|
|Run, Nick, Run|
|100 Best Nonprofits: Working for equality inside and out|
|Keep Pendleton Weird|
|One Tough Mayor|
|Portland-raised NFL star to launch Nike store at alma mater|
|SABMiller agrees to merge with Budweiser|
|LeBron signs with 'the Chipotle of pizza'|
|Comcast to speed up Internet for many Oregon users|
|Liza Minnelli takes 200 mile Uber ride|
|Should gun owners carry insurance?|
|VW admits system was intentionally placed to cheat|
Almost all of us can agree with this statement: America has too much gun violence in the workplace. From there, though, things get murky.
Wage gaps and workforce shortages are threatening the quality of care and supports to Oregonians with intellectual and developmental disabilities. Who’s caring for those who care for our most vulnerable residents?
Engaging employees and customers along the way.
The registration fee is $30 prepay online or $35 at the door. Online registration is available at www.lanepowell.com.
Former Chief Medical Officer for Saint Alphonsus Health Alliance brings 30 years of healthcare industry expertise and innovation.
Have you reviewed and revised your vacation, sick leave and PTO polices? Determined how to best comply with Oregon's Sick Leave law? Let us help.