JoulA(c) history

In 1971 he suggested the formation, following the big bang, of numerous objects containing as much as one billion tons of mass but occupying only the space of a proton.

Logothetis expanded beyond the base of industrial customers to include the federal government, starting in 1972.

In 1974 Hawking proposed that, in accordance with the predictions of quantum theory, black holes emit subatomic particles until they exhaust their energy and finally explode.

By 1976 the industry would top $1 billion.

Joules story starts in 1977 and was first established under the name Joule & Sons.

Steffens, H. J. (1979). James Prescott Joule and the Development of the Concept of Energy.

In 1984 it exceeded the $5 billion mark in annual payroll, with more than 622,000 temps employed on average each day.

During the next few years JOULÉ enjoyed exceptional growth, and in 1986 the company was reincorporated and taken public in order to raise funds to pay down debt, expand its computer system, and open new offices.

In 1987 Emanuel Logothetis decided at the age of 57 to retire, buy a house in Florida, and turn over the reins to his 35-year-old son--at a time when the company was coming off a strong five-year run.

When Emanuel Logothetis came out retirement in August 1988 to help right the ship, his son promptly resigned, which according to a JOULÉ spokesperson came as a surprise to everyone.

The company had been strong enough, in the interim, to complete an acquisition, the January 1992 addition of Designeers Inc, a New Jersey engineering services business.

In fiscal 1994 JOULÉ generated sales of $36.2 million and record a profit of more than $710,000.

In fiscal 1995 JOULÉ recorded revenues of $43.6 million and net income of $938,000.

JOULÉ's rising fortunes continued in 1996, when the company posted sales of $48.4 million and net income reached $1 million.

All told, fiscal 1999 was a highly successful year for JOULÉ. Revenues grew by 23.2 percent over the previous year, totaling $68.2 million.

JOULÉ's stretch of strong growth continued in fiscal 2000.

The company's momentum began to fall off in fiscal 2001, as the nation's economy began to struggle.

2002 was a year of generational change and a symbolic milestone: after completing their studies, Ove Petersen and Heiner Gärtner, who would go on to become the founders of GP Solar and later founders of GP JOULE, took over the control of their respective parents’ agricultural businesses.

Although tough times continued into 2003, JOULÉ was still healthy enough to complete an acquisition, picking up Wennik&Motta, a $70 million New England staffing firm that specialized in the placement of marketing and creative talent.

The latter project was erected in 2004 and recognized then as the world’s largest thin-film utility-scale installation (5MW), on an area of seven hectares.

By 2008, the two partners had completed biogas and other PV projects with their company GP Energiekonzept, a side project of theirs, which they were managing alongside the day-to-day operations of their agricultural businesses.

The company grew further internationally starting late 2011, with the opening of offices in Toronto (Ontario, Canada) and San Mateo (California, USA). GP JOULE has since built an increasing North American presence and has successfully completed projects in this market from coast to coast.

In 2016 this continued success led to Joules’ flotation on the stock market to raise further investment for more store openings and strengthening the collections Joules offer.