Israel - Artec Lantec (www.arteclantec.om) announces that it has been selected to represent Luminus Devices exclusively in Israel.
Luminus is a global manufacturer of high-performance LEDs and solid-state light sources. Its LED technology is an ideal choice for projection display and illumination applications that require high brightness, high efficacy and the efficient harnessing of light from a small point source. Luminus continues to refine its LED technology to enable replacing conventional solutions with more efficient light sources that are more cost-effective over time.
"This is a very exciting time to be in on the ground floor of shaping the products of tomorrow. Luminus is an ideal partner for Israel's electronics industry since its solutions are so innovative. It is now abundantly clear that the only way to advance successfully in's global business arena is by forging mutually beneficial partnerships with the right partners. We have all the right connections to integrate Luminus into important projects on an ongoing basis." said Yoram Sror, Artec Lantec's CEO.
According to a report by Zion Market Research titled “LED lighting Market for Residential, Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022” , the global LED lighting market accounted for USD 26.09 billion in 2016 and is expected to reach USD 54.28 Billion by 2022, growing at a R of around 13% between 2017 and 2022. This is especially relevant for Israel where many emerging technologies and solutions are created for the global market.