Novaled is Germany's fastest growing mid size company

(PresseBox) ( Dresden, )
With an average revenue growth of more than 400% in the last five years, Novaled AG (www.novaled.com), the world leader in power efficient and long life Organic Light Emitting Diodes (OLEDs) is leading a list of the top100 fastest growing German mid size companies (http://www.handelsblatt.com/homepage/weltmeister/).

Handelsblatt and Wirtschaftswoche, primary economical news magazines, reported on future world champions amongst small and mid size German companies. The magazines refer to a ranking based on a multi-year research program on the emergence and lasting success of German mid-sized world market leaders.

Amongst more than 1300 Micro World Champions registered in this database the most successful companies have been filtered through certain criteria. The top 100 mid size firms must have a minimum yearly growth of 10%, a yearly turn over of less than 50 Million Euro and the company must belong to the world wide leading three in its industry or business activity field. Novaled came out at the first ranking with the highest growth of revenues.

"Novaled is proud to see this ranking which is rewarding its outstanding performance: growing in four years from a three person company into a world leader offering energy saving to the lighting and display industries", says Harry Böhme, CFO of Novaled. "As a cleantech provider we are confident of playing an important role in the coming years in bringing a new generation of power efficient lighting and display products to the market. Novaled is addressing multi-billion Euro businesses and will demonstrate continued strong growth in the coming years."

About OLEDs
OLEDs (organic light-emitting diode) are semiconductors made of thin organic material layers of only a few nanometers thickness. They emit light in a diffuse way to form an area light source. In a fast growing display market OLEDs are key part of a revolution: the dream of paper-thin, highly efficient displays with brilliant colors and great flexibility in design is becoming reality. OLEDs represent the future of a vast array of completely new lighting applications. By combining color with shape, organic LEDs will create a new way of decorating and personalizing people's surroundings with light. At the same time OLEDs offer the potential to become even more efficient than energy-saving bulbs.
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