John Teel
Kalaheo, HI (USA)
Role(s):
Founder/Owner/Principal
MicroLite Tech, Inc.
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Startup
Location:
Lihue
Industry:
Invention
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
MicroLite Tech, Inc. develops and sells miniature, hands-free, LED lighting products based on their patented technology. The company is post-revenue and pre-profit with significant traction in retail and industrial. Twenty-one products are planned with one introductory model currently on the market.
Current customers include Walgreens, Ace Hardware, Fred Meyer (superstores), Wegmans (supermarkets), NCH (industrial supplier), (URL removed), and Jensen Distribution. Reorders have been placed by all of these customers except Fred Meyer and Wegmans since they only just received their initial order. Walgreens and NCH have reported especially strong sales. Agreements are also in progress with Home Depot, QVC, Meijer (superstores), and Hess (convenience stores).