LED lighting products market is actively developing

The companies will market and sell their respective materials that result from the collaboration. As part of the arrangement, SFC will transfer certain existing phosphorescent emitter materials to Universal Display, including manufacturing and sales of these materials.The successful led flood light establishment of a new enterprise will allow to return one of the most promising projects developed by the Russian scientists back to Russia.

The final product will be LED chips, LED lamps and lighting systems, the brightness of which is comparable with the best world analogues. The record low amount of defects in semiconductor layers allows the devices to work without losing effectiveness with high-density currents, enabling the good brightness to price ratio for LED chips.

As we know, LED lighting products market is actively developing and drives out other light sources. The world market of LED lighting products is growing at 37% per year as the growth of the world lighting engineering market reaches 5% per year. The Russian market of lighting products comprised more than 50 billion rubles in 2007 and is growing annually by 13% on average. Nowadays LED lamps occupy already at least 3.5% of the Russian lighting systems market.

It’s disclosed the total value of the Corporation’s investment into the project will reach 1776 million rubles, 323 million rubles of which will be given in the form of a contribution to the chartered capital and 1 453 million rubles in the form of a loan. RUSNANO’s equity share in the joint company will be equal to 17%, UOMP’s share will be 33% - 1 share, led flood light Group’s share will be 50% + 1 share.