Future Lighting Solutions, a division of Future Electronics, and LG Innotek, an affiliate of LG Group, announced today a strategic worldwide distribution agreement that will introduce LG Innotek's entire portfolio of LED lighting solutions to the market. The portfolio features one of the industry's broadest selection of LED products to fit virtually any lighting application, from LED packages to integrated solutions.
Future Lighting Solutions' extensive LED expertise, from design support services to world class supply chain and business solutions, creates a synergistic partnership that will allow both companies to further their leading positions within the rapidly growing LED lighting market. Future Lighting Solutions' expertise, combined with LG Innotek's capabilities, the 4th ranking global LED producer, will deliver unprecedented value to the lighting OEMs.
"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."
