Samsung LED Collaborates with Acuity Brands for
LED Lighting Development

- Samsung LED will collaborate with US No. 1 Company to co-develop in LED lighting
- Both companies will concentrate on commercialization of LED lighting and creating new standard of lighting
- In 2012, US LED lighting market will rapidly increase to reaching US $12.1 billion

Seoul, Korea, (January 28, 2010) - Samsung LED Co. Ltd., has announced an agreement to collaborate with Acuity Brands Lighting, No.1 lighting fixtures and related products in US. 

As one of the world’s leading lighting company, Acuity Brands Lighting holds the largest market share in US. Acuity Brands Lighting is providing various cutting-edge lighting solutions including industrial, indoor and outdoor lighting.

In US, Traditional lighting market is assumed to stagnate from $26.91 billion to $26.51 billion in year 2009 to 2012. However, LED lighting market is expected to grow exponentially from $1 billion in 2009 to $12.1 billion in 2012, with an average growth of 128% per year according to market research at Samsung LED.

As adoption of LED lighting is expected to grow quickly in US lighting market, Samsung LED, a global leader in LED technology and Acuity Brands Lighting, a recognized leader advanced lighting products and solutions, will collaborate in the development of new LED lighting. With this collaboration, two companies will accelerate to commercialize and create a new standard of lighting.

“The next generation of lighting begins by the transformation of analog to digital devices. With this transformation, the convergence of new products through LED innovation becomes possible” said Jea Wook Kim, President and CEO of Samsung LED.

Vermon J. Nagel, Chairman, President and CEO of Acuity Brands Lighting said, “We believe the collaboration with Samsung will further underscore our commitment to advancing LED technology and further enable us to accelerate our development of innovative, technologically advanced solid state lighting solutions to our customers.”

■ About Acuity Brands Lighting:

- Acuity Brands Lighting, Inc., is No. 1 provider of lighting fixtures and related products and services in US. Headquartered in Atlanta, GA. Acuity Brands had fiscal year 2009 net sales of over $1.6billion and employs approximately 6,000 associates.

- The main products are industrial, indoor and outdoor lighting. There are 14 Company’s brands including Lithonia, Holopane, Peerless.