HILLSBORO, OR – Phoseon Technology announced plans to expand the company's facility in Hillsboro, Oregon, a move that is in line with its strategy of continued business expansion and growth.
Bill Cortelyou, President and CEO of Phoseon, cited continuing demand for LED solutions provided by the company as the impetus for expansion at the Oregon facility. The company is increasing its headquarters by more than 50%, including added space for manufacturing, design and its new Life Sciences division. Phoseon has exceeded 25% annual growth for the past five years, and this expansion will allow the company to continue its growth trajectory at an even greater pace.
In addition to this U.S. expansion, Phoseon recently established a wholly owned entity in Shanghai, China.