multi-year contracts-LEDinside

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2014-04-11

Philips and Osram Compete for Lighting Solution-based Multi-Year City Contracts

LEDs are tooted as having long lifespans, but as more traditional light sources are being switched out for SSL, manufacturers are realizing that long lifespans are not good for a sustainable business model. Therefore, companies such as Philips and Osram are looking into long-term installation contracts. Philips has secured such a contract with Washington’s transit authority to upgrade around 13,000 fixtures in parking lots, according to a recent Bloomberg report.

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