Osan City and Philips Electronics Conclude LED Joint Project Agreement

Osan City concluded a business agreement with Philips Electronics on the fifth regarding an LED project to jointly promote the distribution of LED street lights and the establishment of plant factories.

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

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

Additionally, Philips and the city will undertake pilot projects for school lighting and plant factory installation.

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

Consequently, plant factories utilizing LED lighting are expected to receive attention as a future-oriented agricultural model.

At the agreement ceremony held at Osan City Hall that day, Osan Mayor Kwak Sang-wook and Philips Electronics President Kim Tae-young signed a memorandum of understanding to jointly promote such LED projects through 2014.