CRS launched MR16 LED replacement lamps, market revenue will grow

CRS ELectronics (CRS) company is a subsidiary of Corporation Podium Capital, Podium Capital Corporation is a designer and manufacturer of LED lighting products, they have the pleasure of the launch of its new MR16 LED replacement lamps, and for the first time in June two completed installation, one is Gowlings LLP LLP (Gowlings LLP) Toronto Office and another is located in the Ontario Lake in Mississauga city GlaxoSmithKline Co (GlaxoSmithKline) factory.

Because the installation MR16 LED replacement lamps, LED lamps and other create income, and the June contract manufacturing work, making the company this year to achieve revenue of about $280 thousand, equivalent to an increase of 77%, this figure has exceeded the monthly average income since the beginning of 2008. So far, more than 5000 lamps have been installed MR16 LED is produced by CRS company. Generally speaking, the installation cost of MR16 LED lamps is between $5000 and $50000.

It is reported that many commercial and residential lighting throughout North America, MR16 LED lamps have become a substitute for halogen lamps, low energy, high output alternative lamps. Only in the United States, is expected to replace the MR16 LED light commercial market revenue of approximately $2 billion. According to the Research Report of market research firm Strategies Unlimited show that LED is expected to replace the lamp market will increase, to 2013, the compound annual growth rate (Compound Annual Growth Rate) will reach 107%. Gowlings LLP law firm and GlaxoSmithKline Co chose CRS's LED lighting, because it can not only achieve economic benefits, reduce maintenance costs, but also can greatly reduce energy consumption. Compared with the halogen lamp with a life of 2000 hours, the life expectancy of MR16 LED lamp is up to 50000 hours. (http://www.ledsmagazine.com/products/19065)