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| Japanese firms to launch world's first OEL lighting panel business A group headed by Mitsubishi Heavy Industries (MHI), ROHM, Toppan Printing and Mitsui & Co. jointly established Lumiotec Inc. to assess the business viability of organic electroluminescence (OEL) panels for lighting applications. The joint venture plans to sell sample panels from the spring of 2009. Initially, the venture will focus primarily on the assessment of the OEL lighting panel business viability. The company is the first in the world dedicated to the OEL lighting panels business. Lumiotec Inc. is capitalized at 1,400 million yen. Hisao Shigenaga, Deputy General Manager of MHI's Machinery and Steel Structures Headquarters, concurrently serves as the president of the venture, which has its head office in Yonezawa City in Yamagata Prefecture. The company will begin operations with 20 employees. The OEL panel has advantageous features that neither conventional light sources, such as electric light bulbs and fluorescent tubes, nor light-emitting diodes (LED) provide, and therefore is expected to be a promising next generation lighting source. write your comments about the article :: © 2008 Construction News :: home page |