Osan City - Philips Electronics Co., Ltd. Sign LED Joint Business Agreement

Osan City signed a business agreement with Philips Electronics Co., Ltd. on the 5th to jointly promote LED business initiatives including the dissemination of LED street lights and the establishment of plant factories.

Following the signing of the business agreement, Philips will pilot install 31 units of 140W LED street lights (90lm/W) on the roadside in front of the Osan City Hall.

The LED street lights, which replace the existing metal halide street lights, are expected to reduce power consumption and have a longer operational lifespan compared to conventional lighting.

Additionally, Philips and the city will proceed with pilot projects to install school lighting and plant factories.

LED lights, which can implement various colors, generate specific wavelengths necessary for promoting plant growth, enabling plant cultivation indoors or underground where natural light is insufficient.

For this reason, plant factories utilizing LED lighting are expected to attract attention as a future form of agriculture.

At the signing ceremony held at Osan City Hall on this day, Osan City Mayor Kwak Sang-wook and Philips Electronics Co., Ltd. President Kim Tae-young attended and signed a memorandum of understanding stipulating that these LED projects will be jointly promoted through 2014.