NanoLumens will invest about $1.5 million to relocate its Norcross, Georgia, headquarters across town to a new 32,000-sq.-ft. facility over twice as large as its current space. When the move is completed this December, the company will have consolidated its sales, R&D and assembly operations. The privately held firm expects to create 175 jobs over the next two years.
Founded in 2006, NanoLumens designs and manufactures unique flexible displays that address a major technology gap in the $14 billion digital display industry. Its ultra-lightweight, thin and energy-efficient digital displays can be wrapped around curved walls and columns, and mounted to fit any surface. They are well-suited for the indoor advertising venues in subways, airports, shopping malls, stadiums, hotels, etc.
"Our company has more than doubled in size over the last two years and we expect 2012, our first full year of commercial production, to create an even faster rate of growth," said CEO Rick Cope. "This new headquarters will enable us to comfortably grow and meet our customer demands..[and] house the largest digital display showroom in the country."
NanoLumens has many customers in the United States and Canada, and Cope said it is now expanding in Europe, the Middle East and South America where demand is for high for his firm's innovative products.