YAHAM lighting into LED street light market

According to yaham, general manager of Philips Taiwan lighting, the market scale of the Taiwan street light market that is being converted to LED lighting applications is expected to exceed NT$1 billion (US$32.46 million), and the company has already gained some installation contracts from local governments in Taipei, Taichung and Kaohsiung, according to a Chinese-language Economic Daily News (EDN) report.

According to a company press release,  YAHAM lighting has bee touting its CosmoPolis street lighting system that has been installed in many cities in Europe and Asia since its introduction in 2005 and cuts energy consumption by 50%.

The company recently noted that its green lighting sales increased 17% in 2007, with the biggest increase being in the home lighting market followed closely by lighting solutions for retail outlets and street lighting.This acquisition expands Cree's market opportunity by providing direct access to the lighting market. Cree's business now encompasses LED chips, components and lighting solutions. It further enables Cree to drive retrofit solutions to convert existing lighting infrastructure to energy-efficient lighting and to accelerate the adoption of LED lighting.

"The new Cree LED Lighting Solutions team is delivering industry-leading LED lighting products and working to set the standard for 21st century energy-efficient lighting," said Chuck Swoboda, chairman and chief executive officer of Cree. "We are out to lead the LED lighting revolution and to obsolete the lightbulb."