Future Lighting Solutions, a division of Future Electronics, and LG Innotek, an affiliate of LG Group, have agreed a strategic global distribution agreement to introduce LG Innotek’s entire portfolio of LED lighting solutions to the market.
“We are excited about LG Innotek’s exceptionally strong portfolio of LED products, aggressive technology road map, and unparalleled quality manufacturing capabilities for the general illumination market,” said Gerry Duggan, executive vice-president of Future Electronics. “This will further strengthen our proficiency in serving our customers’ growing demand for best-in-class LED lighting solutions.”
“This agreement will significantly increase the availability of our products around the world as well as help us continually broaden our product line to offer the right solution for different lighting scenarios,” said Harry Kang, vice-president of the LED Business Division at LG Innotek. “By joining forces with Future Lighting Solutions, we will be better able to equip lighting OEMs with the products and tools they need to put more LED-based lighting products on store shelves.”
Earlier this month, Future Lighting Solutions and LED maker Philips Lumileds restructured their long-standing exclusive distribution agreement to allow both companies to create additional partnerships.
