Lighting Science Group Corporation, a global leader in LED lighting products, will preview its next generation line of LED retrofit lamps that will be available in the fourth quarter of this year. The new line of lamps will have substantially increased light output compared to LSG's current line but will be available at about half the cost. LSG's new line of LED retrofit lamps has the potential to dramatically expand the market for LED lighting technology.
According to Zach Gibler, Chief Executive Officer of LSG, "Lighting Science is preparing to make energy efficient LED lighting available for a wider range of applications by delivering unrivaled performance for the price. Our new line of LED retrofit lamps will use approximately 80% less energy than the traditional lighting technology lamps they replace. In most applications, Lighting Science's new line of LED retrofit lamps should pay for themselves in well under one year based on energy savings alone. This rapid payback coupled with the exceptionally long life of LEDs will provide significant financial returns for customers and should result in strong market growth for these products.
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