Lighting Science Group and Dixon Announce Future Release of Sub-$15 LED

Aug 29, 2011 Indian premier LED developer and manufacturer Lighting Science Group and electronic products manufacturer Dixon Technologies India Pvt. Ltd have announced today their intent to produce an affordable LED lighting solution for the masses. This ominidirectional 60-watt equivalent A19 LED bulb is being designed by the two collaborating companies so that it can be available for less than $15 on the market.

The release of this lamp will happen in two stages. First the LEDs will be sold exclusively in India by the end of this year, with Lighting Science Group selling the product worldwide at the start of next year. This joint project is the first between the two companies, and encompasses manufacturing the lights and distributing them. With such a large project, it only follows that the product line branches into street lights, outdoor and insutrial light fixtures and replacement bulbs.

Setting a "new standard for lighting product performance" and "producing more light for less energy" than any other products in India will be a part of the process, at the same time as the Indian market for LEDs is starting to grow significantly. To be more exact, the market is expected to reach $400 million by 2015 which is a 53% yearly growth which is the LED industry is "one of the fastest-growing sectors of one of the fastest-growing economies in the world". The currently rising demand for electricity in India is what will push energy-efficient products like these and other LEDs to the top. This 60-watt equivalent achieves just that with 85% energy savings and its compatibility with current sockets makes it easy to implement. Even when compared with CFLs, it still conserves 35% more energy and it does not contain toxic mercury.

The new sub-$15 LED bulb is the first of its kind as a lighting model and is a mark of India's growing role in the global LED market. LED production and use is expected to continue spreading and driving more of the economy in India, and Lighting Science Group and Dixon expect to become the nation's market leaders within a few years.

Full PDF of Press Release:
http://investor.lsgc.com/releasedetail.cfm?ReleaseID=601529

Lighting Science Group company website:
http://www.lsgc.com/

Picture:
http://inhabitat.com/wp-content/blogs.dir/1/files/2011/05/Switch100W-537x367.jpg

Author:  Rebecca Milne

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