Edit ModuleShow Tags

Colorado Companies to Watch spotlight: Lightning Eliminators & Consultants Inc.


Published:

www.lecglobal.com

Snapshot: Lightning Eliminators & Consultants provides lightning prevention and lightning protection products, solutions and services, grounding-systems engineering, surge-protection design as well as consulting in more than 60 countries and throughout the U.S. LEC Global has implemented its solutions in the petrochemical, oil and gas, biochemical, information technologies, nuclear energy, utilities and manufacturing and transportation industries.

Leadership: Avram Saunders has been president and CEO since 2008. Roy Carpenter founded the company in 1971.

Work force: The company ended last year with 28 ½ full-time-equivalent employees and expects to add one more this year.

Competitive Edge: LEC does not have heavy competition as it is the only company that boasts a complete lightning prevention solution. Some competition exists in specific areas such as lightning rod manufacturing.

Growth curve: The company’s year-over-year revenues surged 45 percent in 2010 and grew another 7 percent last year. It projects a gain of 10 percent in 2012.

Innovation: LEC has 12 patented products or systems.

Marketing approach: As a small company with limited resources, LEC has targeted the most lucrative verticals: gas and oil; utilities and power. It also has targeted countries with an abundance of potential business and where LEC can get the most support from U.S. local and federal agencies. LEC focuses its efforts on its website, online advertising and search-engine marketing.

Edit Module
the staff of ColoradoBiz

Get more of our current issue | Subscribe to the magazine | Get our Free e-newsletter

Edit ModuleShow Tags

Archive »Related Articles

Good Company: Richie Rich approved

The president and co-founder of Denver-based Northstar Investment Advisors majored in history and education in college, but it was only natural that he’d pivot to finance eventually; it’s in his blood.

Waiting for a drop in the Denver real estate market to buy or move?

Be informed and seek advice from someone with experience to guide you based on your long-term plans and goals. There is no guarantee in any market and markets can change quickly, but knowledge will increase your long-term success.

What millennials need to know about finances

Here are some tips for those just starting out on a financial path.
Edit ModuleShow Tags
Edit ModuleEdit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags