CG inks technology pact with US firm Bridgelux

MUMBAI: Electrical equipment maker CG today said it has entered into a technology licencing agreement with US-based Bridgelux for delivering high performance and cost-effective products to business, government and mass market consumers.


Bridgelux is a solid state lighting (SSL) pioneer based in Livermore, California.

"CG, an established player in lighting, has licenced proprietary technology developed by Bridgelux for LED streetlights, luminaires, LED arrays, drivers, optics, and other components," the company said in a statement here.

Bridgelux will provide technology and support on design, application engineering for commercial and industrial lighting products such as streetlights, down lights, high bays and medium bays, and well glass, it added.

No financial details of the pact were disclosed. As a result of the partnership, CG will be able to provide a 50-60 per cent lighting energy savings to consumers, statement said.

The Indian LED market is projected to grow to Rs 1,400 crore ($ 257.4 million) by 2016 and CG has a unique opportunity to generate substantial business value from this segment and significantly increase its market share, it said.

CG said it has 30 per cent market share in India's street lighting, which is rapidly adopting LED technology. In addition to streetlight offerings, Bridgelux will enable CG's entry into the premium and retail indoor lighting product segment.

"The agreement with Bridgelux further strengthens CG's position, while simultaneously bringing down overall costs and promoting energy savings with the use of LEDs," CG CEO and Managing Director Laurent Demortier said.