Acuity Brands Lighting Inc. has forged a relationship with Dallas-based Lighting Science Group Corp. (OTC BB: LSCG) to develop and sell multiple light emitting diode (LED) lighting products.
The products will be added to the Acuity Brands Inc. (NYSE: AYI) unit's portfolio, which includes Lithonia Lighting, Holophane, Hydrel and Gotham. The products will be for architectural, commercial, industrial, and public infrastructure use.
"This alliance with Lighting Science Group allows Acuity Brands Lighting to enhance its existing LED portfolio using advanced technology," said Vernon J. Nagel, chairman, president, and CEO of Atlanta-based Acuity Brands. "We continue to seek out strong alliances to accelerate our ability to integrate advanced technologies, such as LED, into leading edge fixture design to serve specific customer needs. LSG's patented technology, experienced management team, and expertise in thermal management, driver design, and color control will give us a broader product offering for the growing LED market."
Acuity said LED light sources can sometimes surpass traditional technology in energy efficiency, fixture life, and environmental impact. LEDs consume up to 80 percent less energy than traditional incandescent sources and as much as 50 percent less energy than compact fluorescent lamps.
