Lighting Science Group Realigns Manufacturing Operations
Lighting Science Group (OTC: LSCG) today announced that it is realigning its manufacturing operations to capitalize on increasing market demand for its LED lighting products, while positioning the company for long-term growth and profitability.
A 2012 McKinsey & Company report predicted that LED lighting will comprise almost 70 percent of the general lighting market by 2020. As the premier innovator in LED lighting, and North America's largest manufacturer and distributor of LED lighting for residential, commercial and industrial use, Lighting Science Group is strategically poised to benefit from this market expansion. To enhance its market position, the Company is channeling its assets and capital to support innovation, product development, sales, marketing, distribution and its U.S.-based manufacturing – the core functions that will contribute to the Company's continued growth on its path to profitability.