BEAVER FALLS, PA, March 11—In an award ceremony on February 26, Business Leader Media honored Dr. Thomas E. Farin, founder and president of Pegasus Associates Lighting, as a 2010 Triangle Top 50 Entrepreneur. This award recognizes leaders who have made a significant impact in the Raleigh – Durham, NC business community.
Dr. Farin’s accomplishments were highlighted through his involvement in professional organizations, business innovations, philanthropic activity, and overall company growth. Under his leadership, Pegasus Lighting has grown substantially since its launch on the Internet in 1999 with less than $1,000. The company’s sales today are close to $3 million. Last year, during the economic recession, Dr. Farin led Pegasus Lighting to increase profitability by streamlining operations and cutting costs despite an 8% reduction in sales.