Dialight saw its share price soar 38p to 1,053 as it announced a contracts bonanza that has meant doubling the sales force to keep pace with demand.

The company had reported strong revenue growth in the segment in November driven by adoption of LED based lighting products.

Now Dialight reveals that lighting segment revenues have grown by over 70 per cent versus the full year of 2011 and by almost 80 per cent in comparison to the second half.

The sales force has more than doubled over the prior year and is expected to continue to grow strongly.

Lighting sales growth has leveraged incremental Lighting segment contribution in excess of £10m for 2012 over 2011 and the overall profitability of the lighting segment has quadrupled, the company says.

As a result, Dialight will grow operating profit in line with expectations, group chief executive Roy Burton said.

Net cash has also risen – to almost £15 million compared to £13.7m at the end of 2011.

Dialight has also completed the disposal of the Smart Meter Disconnect Switch product line and the Group will now report a combined Components segment comprising LED Indication sales and the small remaining portion of Electromagnetic Disconnect.

Burton said Dialight remained confident of a continued strong performance in 2013 after switching strategy to focus on globally robust lighting markets.

The upbeat mood continued with the appointment of two new non-exec directors – Stephen Bird and Tracey Graham. Bird is currently group chief executive of The Vitec Group plc while Graham was previously chief executive of Talaris Limited, an international cash management technology business until 2010 where she led the company's management buyout from De La Rue Plc.

Dialight has also recruited US business executive Dan Doxsee as chief commercial officer, from February 4. He is currently VP, America for Nichia Corporation, a privately held Japanese manufacturing company that produces LEDs, having held a number of senior positions there since 2004.