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You are Viewing an Archived IssuePosted: 11/14/12
LEDOS selected as semi-
by CHRIS GRAYA Washington Township company is lighting the way in a statewide contest.
Observer Staff Writer
LED Optical Solutions (LEDOS) has been named one of 50 semifinalists in the 2012 Accelerate Michigan Innovation competition to be held today, Nov. 14.
The Accelerate Michigan Innovation competition is an international business competition focused on showcasing later stage entrepreneurial companies. Last year's competition had 61 capitalists from 45 firms.
"It was an honor to be selected," said Ingo Schneider, CEO and president of LEDOS.
In this year's competition, LEDOS will compete for the grand prize of $500,000 that can be used to further invest in its development. The competition targets mid- to late-seed companies to have an immediate positive impact on Michigan's economy.
"If we are lucky enough to win the prize . . . we would use the funds to market our company nationally," Schneider said.
LEDOS was founded in 2008 by Schneider and Rich Arundale for the purpose of engineering, development and design for commercial lighting.
The company is the brainchild of "Powered by LEDOS" LED retrofits, which feature bulb-style screw-in mounting for commercial and municipal uses. Schneider said most users see an 80 percent drop in costs when switching to the more energy-efficient LED units.
Other Macomb County companies that are semifinalists include Coliant Corporation of Warren, Dynamic Intelligent Solutions of Clinton Township and InfiChem Polymers of Sterling Heights.