Acuity Brands enters LED lamp technology and business collaboration agreement with Neonlite Electronic & Lighting (HK), Ltd.
Atlanta - Acuity Brands, Inc., (NYSE:AYI - News) ("Company"), a market leader in innovative energy-efficient lighting and control solutions, has announced a technology sharing and business collaboration agreement with Neonlite Electronic & Lighting (HK), Ltd. (“Neonlite”). The companies announced that their agreement is specific to the United States and Canadian lighting markets and that they are collaborating on a broad portfolio of high performance LED lamps targeted at commercial and institutional applications for a variety of vertical markets, including retail, hospitality and education.
When available, the initial line of products will offer lighting designers and specifiers a true replacement for halogen and metal-halide lamp sources by providing the highest quality illumination, directing light where it is intended, as well as delivering the full benefits and energy-efficiencies associated with LEDs.
Neonlite is a global leader in high-performance, energy-efficient lighting and an innovative leader in LED and CFL lamp design, with technology targeting eco-lighting solutions. Sold globally under the Megaman® brand, Neonlite’s products are widely distributed throughout Europe, Asia, the Middle East, Africa and South America, covering more than 90 countries. By setting environmental management as one of the company's highest priorities, Neonlite is focused on eco-friendly environmental processes from initial design, to manufacturing, research and development, and the disposal and recycling of their products.
“Acuity Brands is excited to enter into this strategic agreement with Neonlite,” said George Mcilwraith, Acuity Brands Lighting Senior Vice President, Lighting and Luminaires. “The demand for LED lighting is growing rapidly and many of today’s LED replacement lamps lack the performance required for effective illumination. Neonlite has impressive engineering capabilities in the areas of performance and control, as well as a strong brand outside of North America. Our collaboration is creating exciting opportunities,” continued Mcilwraith.
“Neonlite is pleased to work with Acuity Brands on the development of new LED lamp products designed for the North American lighting market,” said Foo Onn Fah, Chairman of Neonlite. “Megaman’s cutting edge technology delivers a range of LED products that set new levels of performance in the marketplace, replacing traditional light sources while satisfying demands for energy savings and sustainable lighting solutions. Our collaboration on LED lamp products is intended to expand Acuity Brands’ focus on bringing the best LED lighting solutions to customers and to leverage their overall market leadership throughout North America,” continued Mr. Foo.
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About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world’s leading providers of luminaires, lighting control systems and related products and services with fiscal year 2010 net sales of over $1.6 billion. The Company’s lighting and system control product lines include Lithonia Lighting®, Holophane®, Peerless®, Mark Architectural Lighting™, Hydrel®, American Electric Lighting®, Gotham®, Carandini®, RELOC®, Antique Street Lamps™, Tersen®, Winona Lighting®, Synergy® Lighting Controls, Sensor Switch®, Lighting Control & Design™, ROAM® and Sunoptics®. Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 6,000 associates and has operations throughout North America, Europe and Asia.
Acuity Brands, Inc. Karin McReynolds, 770-860-2846