Peabody, Mass. – August 20, 2014 SemiNex Corporation, a Massachusetts-based manufacturer of high power laser diodes in the 1300-1700nm wavelength range, is announcing its inclusion in Inc. Magazine’s annual list of the 5000 fastest-growing companies in America. SemiNex ranked 1710 on the Inc. 500|5000 2014 list, available online at http://www.inc.com/inc5000/list/2014. Founded in 2003, SemiNex offers laser diodes with industry-leading power and efficiency, available as bare die or bars, as well as in a variety of packages for implementation into systems.
“We are honored to be named one of America’s fastest-growing companies,” said David Bean, founder and president of SemiNex. “We knew we had been experiencing rapid growth, but to receive an official acknowledgement has given the team a new sense of achievement.”
To be considered for inclusion in the Inc. 500|5000, businesses had to have revenue of at least $100,000 in 2010 and revenue of at least $2,000,000 in 2013. Among the top 5,000 fastest-growing companies in America, 174 were based in Massachusetts.
SemiNex supplies laser diodes to customers in the military, industrial, cosmetic, and medical fields. Due to their wavelength and power, SemiNex laser diodes are ideal for implementation in an array of applications, providing a wide customer base and multiple avenues for future growth.