Moscow, December 8, 2011 — JSC "Sitronics» (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, announces that a subsidiary of "Elyon" together with " Lumen Star "opened a production line of LED bulbs, which will be produced under the brand INNOLIGHTS.
December 8, 2011 the Korean manufacturer of LED equipment "Lumen Star" and host of the Russian high-tech company Sitronics run in Zelenograd, a production line of LED lamps on the basis of the areas of the plant "Elyon".
The plant will produce advanced LED lighting fixtures for indoor lighting power of 7.5 W to 800 W, street lighting (50 W to 240 W) and road lighting. LED Products "Lumen Star", in contrast to currently available on the Russian market offers, does not contain mercury and will have an average lifespan of over 50,000 hours.
Also, the company will produce a new generation of design infrastructure — such as road curbs to prevent accidents. Products of the joint venture under the brand INNOLIGHTS will be in demand in the federal and regional programs on road safety and also used for the development of urban infrastructure and equipping new facilities energy efficient lamps.
"This project is fully in line with the national energy efficiency program — says Vice President Vadim Sitronics Melkumov. — Today the Russian market are available LED lamps mainly in China, which are often characterized by poor quality. Korea is — the world leader in the field of LEDs, so the production of the joint venture will not only meet the highest quality standards, but also will save up to 90 percent of its electricity. We see a good niche for themselves and are planning to take 15% of the domestic market by the end of 2012. "
Ltd. "Lumen Star" (brand INNOLIGHTS) was established in 2011 with the assistance of the Korean Association of photoelectron industry (KAPID) and the Korea Photonics Technology Institute (KOPTI). INNOLIGHTS has a good technological capabilities and a modern production base, which allows to guarantee high-quality products at competitive prices. The company produces for the Russian market: LED bulb, LED panel light, street lighting, traffic lights and signs, road infrastructure, the system of road safety based on LED technology "safe city." Is a holding company UNITONE.