The company has a factory in China. NCW will be integrated into Philips Professional Luminaires’ entertainment business segment, adding to a portfolio that includes Vari-Lite, Strand and Selecon.
Philips has bought NCW, a Hong Kong designer, manufacturer and distributor of LED, conventional entertainment lighting and lighting controls.
According to a report by market research firm NanoMarkets, the OLED lighting materials market will produce revenues of about $1.4 billion in 2015.
Research commissioned by the Lighting Industry Federation, in partnership with recycling scheme Recolight, the Lighting Association and leading lamp producers, shows a lack of awareness amongst consumers regarding the requirement for compact fluorescent lamps (CFLs) to be recycled.