Knobias Clip Report (12-27-2007)
Submitted By Knobias ClipReport
LSGP: Facilitates the Creation of the Times Square Ball
With New Year’s right around the corner, many have made plans to attend dinners, parties or gatherings with family and friends. Others plan to celebrate by shooting fireworks. What most all will do is watch the Ball drop on New York’s Times Square.
The ball has been a tradition for millions as it begins its descent at 11:59 with the accompanying countdown until it reaches zero and the inevitable cheer. But the ball has undergone a change. Gone are the old and inefficient incandescent and halogen bulbs of the previous Ball. This year’s Ball will sport new LED lighting with its increased efficiency and brightness with enhanced color capabilities. The Ball will also have sparkling new Waterford Crystal triangles.
And one small cap company has been designated to incorporate the two into a environmentally friendly, brighter system. Lighting Science Group (LSG) was commissioned by Philips Lighting to develop an LED lighting system to deliver the more responsive New Year’s Eve ball, while maintaining the core lighting elements of the old ball. The new ball is 6 feet in diameter and weighs 1,200 pounds, and consists of 9,576 Philips’ LEDs and 672 of Waterford’s double-cut crystals.
“Lighting Science was selected as a partner by Philips because we have a proven track record of successfully managing very complex LED projects from design to execution. In addition, we have unique capabilities to design and integrate hardware and software solutions — including optics, thermal management, power supplies and drivers — that control LEDs and provide a completely integrated solution,” said Govi Rao, chairman and chief executive officer of Lighting Science Group.
The Company designs and sells highly energy efficient and environmentally friendly lighting solutions. The Company’s patented and patent-pending designs in power management, thermal management, manufacturing processes and other areas seek to reduce energy consumption while delivering environmental benefits and cost savings to the end-user. The company designs and manufactures ready to use LED lamps and luminaires as well as provides customized lighting solutions for architectural and artistic projects worldwide.
The appeared on the screen of many traders following the recent energy bill legislation which voted to ban incandescent bulbs by 2014. Though many will be replaced by CFL’s, LED’s have better results in certain applications.
In any event with the publicity the name will undoubtedly receive following the Times Square Ball drop, the name would certainly become one to follow over the coming months. Investors would be wise to watch.
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