TRANSFORMING THE LIGHTING LANDSCAPE
““A $10 price is when these lamps will take off. That is absolutely achievable in five to six years.”
Just yesterday, Philips was awarded the first ever L-Prize (formally titled the Bright Lighting Tomorrow Prize) and $10 million from the American government. The L-Prize is a contest sponsored by the U.S. Department of Energy and the first government-sponsored technology competition designed to spur lighting manufacturers to develop high-quality, high-efficiency solid-state lighting products to replace the common light bulb.