Automobile industry company as well as electronic industry association to develop new LED lightings for automotive

Lightings Company from South Korea cooperated with heating and power plant in Angren, Uzbekistan have invested one million dollar to establish NUR Company. This new company will locate in Angren’s special industrial park. And the South Korean company will hold 51% share and other for Uzbekistan’s.

Firstly, this joint venture enterprise plans to import accessories from South Korea to make streetlights, and it expects to manufacture 2 million units per year. Secondly, it schedules to make products localization. Thirdly, it will come to cooperate with Uzbekistan’s chemical industry company, automobile industry company as well as electronic industry association to develop new LED lightings for automotive, home, office, advertising applications and so on.

The study also identified a hurdle facing the adoption of LED streetlights. Most existing deployments were funded by stimulus funding from the American Recovery and Reinvestment Act (ARRA). That funding is receding, making financing for future LED streetlight projects has been more difficult to secure, despite the success of early projects. However the price for LED streetlights is falling, and is expected to fall enough that within a few years to reach price parity with traditional streetlights. At that point the payback period, where cost savings pay for the LED streetlight costs, will be short enough to be within the reach of budget-constrained cities and municipalities.

The future for this form of street lighting is bright as most existing deployments are pilot projects. "Perhaps the most surprising finding in our survey was that most cities had only converted a small percentage of their streetlights to LEDs, even though they've been extremely popular," added Northeast Group. "It was hard to find any detractors from these projects, yet LED penetration remains below 1% of the overall streetlight population in the US. Certainly, some hurdles, such as financing, remain. But overall these findings show that the market has vast growth potential."

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