Acuity Brands Lighting, one of the world's leading providers of lighting fixtures, has entered into a strategic alliance with Lighting Science Group Corporation (LSG) to develop and launch multiple LED-based lighting products.
Acuity Brands Lighting (ABL), a wholly-owned subsidiary of Acuity Brands, Inc. (NYSE: AYI), had fiscal year 2007 net sales of approximately $2.0 billion. The LED products developed as part of the tie-up with LSG will be part of ABL’s well-established portfolio, including Lithonia Lighting, Holophane, Hydrel, and Gotham.
ABL and LSG will jointly develop selected new LED-based products for architectural, commercial, industrial, and public infrastructure use. This company's say that the alliance is designed to leverage the channel strength, product innovation, delivery capabilities, and brand recognition of ABL in combination with the LED technology know-how, speed of innovation, and rapid design capabilities of LSG.
"This alliance with Lighting Science Group allows Acuity Brands Lighting to enhance its existing LED portfolio using advanced technology,” said Vernon Nagel, chairman, president, and CEO of 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.”
"As one of the largest and most respected lighting fixture providers in the industry, Acuity Brands Lighting has the presence to commercialize breakthrough LED technology broadly to the market in a very meaningful way," said Govi Rao, CEO of Lighting Science Group.
"We are proud to be recognized as a trusted partner of such an industry leader. Acuity Brands Lighting’s respected brand names will give us access to new global channels and expand the environmental and performance benefits of LED into exciting new areas.”
