“We were the number one EU player in 2011 in the food retail sector and one of the reasons is that we are innovators. “We have the capability to achieve this growth, in that we have a super management team and we have good investors in ESB NovusModus, the Quinn supermarket family, Climate Change Capital, a London-based clean tech fund 4th-level ventures and, of course, the company founders. “We want to be a major player in what is a €3bn market, encompassing food retail, high-performance buildings and LED drivers, which we sell to lighting-fixture manufacturers.
To date, we have been in a funding-for-growth mode, but expect to be profitable this year. We are still the minnows compared to some companies, but we are targeting turnover of €50m this year and €100m in two years’ time. “We have had a compound annual growth rate of over 100% in the last four years. He has no hesitation throwing light on the company’s potential for growth. Over the next two years, we expect to add 40-plus in Cork.” “We will be expanding capacity in Ireland and, accordingly, increasing our operational support and engineering teams. Importantly, he says jobs will be created. Basically, we need to manufacture close to the customer,” says Mr Kelly, who praised Enterprise Ireland for its support and help in breaking into foreign markets. We manufacture in Cork, but also in the US, the Netherlands and Poland. “The staff in Cork number 100, with about 60% of those college graduates. “We have 200 employees in total, including in North America, the UK, Netherlands, France, Germany, Poland, Austria and Switzerland,” says Mr Kelly. Nualight is rapidly shining its beam across the world. Others have been turned on permanently for up to 10 years and all are monitored daily.
In one room, LED lighting has been shining for five years in a domestic freezer at -18C. Nualight’s headquarters is at Model Farm Road, in Cork, housing researchers, and a testing facility that is adjacent to manufacturing. “In economy stores, generally, the light is uniform, but with others, the lighting is accentuated to deal with specific product, to enhance the shopper experience.” Fresh produce brings shoppers to a supermarket bread, fruit, vegetables, that’s where supermarkets put a lot of effort to differentiate from their competitors. “Supermarkets operate in a competitive environment and we are helping them to sell more product. It also lights the way to greater revenue. “We have 50%-60% of the UK market and more than 80% of the Swiss market and we expect the US to move from 20% to 40% of our business over the next two years.”īut these days, when a retailer buys into LED, in general, it is switched on by more than cost.
0 kommentar(er)
