PHILPS acquisition of special light source manufacturer LTI

Learned from PHILPS electronics, it will acquire the United States for the entertainment industry to produce high-intensity xenon lamp manufacturer ---Lighting Technologies International (LTI). The acquisition is expected to be completed in the fourth quarter of this year, after which, LTI will become a member of PHILPS special light division. Founded in 1999, LTI has grown rapidly as a leading supplier of American cinema lighting. The patented product of high strength HELios / xenon lamp has such unique design, energy consumption and other high intensity lights in the same lighting effect and lower operation cost, can save 30%. In addition, Helios - xenon lamp heat dissipation is very low, easy to use on film, especially for the movie. PHILPS special lighting department chief executive Basvande Kieft said: "LTI will improve the PHILPS xenon lamp products in high intensity xenon lamp, xenon lamp has not been used at present because PHILPS contains high strength products. The acquisition will be more conducive to the economic benefits of better, bright stage entertainment lighting market, and we can through PHILPS's global marketing network to expand the market outside the United states. "

Source: Financial Network