CRS Electronics (CRS), a subsidiary of Podium Capital Corporation, is a designer and manufacturer of LED lighting fixtures, and they are proud to introduce their new MR16 LED replacement lamp and completed two installations for the first time in June. One is Gowlings LLP's Toronto office and the other is the GlaxoSmithKline factory in Mississauga, Ontario.
Due to the installation of MR16LED replacement lamps, the revenue generated by other LED lamps, and the contract manufacturing work in June, the company realized revenue of about 280,000 US dollars this year, which is equivalent to an increase of 77%. This figure has exceeded 2008. The average monthly income from the beginning of the year to the present. To date, more than 5,000 installed MR16LED luminaires have been produced by CRS. In general, MR16 LED luminaires cost between $5,000 and $50,000 for installation.
It is reported that MR16LED lamps have become a low-energy, high-output replacement lamp that can replace halogen lamps among many commercial and residential lighting fixtures throughout North America. In the US alone, the commercial market revenue for MR16LED replacement lamps is expected to be approximately $2 billion. According to the research report of the market-tuning company StrategiesUnlimited, it is expected that the LED replacement lamp market will grow, and by 2013, its comprehensive annual growth rate will reach 107%. Gowlings LLP and GlaxoSmithKline chose CRS's LED luminaires because they not only achieve economic benefits, reduce maintenance costs, but also significantly reduce energy consumption. Compared to halogen lamps with a lifespan of 2000 hours, MR16LED replacement lamps have an expected life of up to 50,000 hours.
Due to the installation of MR16LED replacement lamps, the revenue generated by other LED lamps, and the contract manufacturing work in June, the company realized revenue of about 280,000 US dollars this year, which is equivalent to an increase of 77%. This figure has exceeded 2008. The average monthly income from the beginning of the year to the present. To date, more than 5,000 installed MR16LED luminaires have been produced by CRS. In general, MR16 LED luminaires cost between $5,000 and $50,000 for installation.
It is reported that MR16LED lamps have become a low-energy, high-output replacement lamp that can replace halogen lamps among many commercial and residential lighting fixtures throughout North America. In the US alone, the commercial market revenue for MR16LED replacement lamps is expected to be approximately $2 billion. According to the research report of the market-tuning company StrategiesUnlimited, it is expected that the LED replacement lamp market will grow, and by 2013, its comprehensive annual growth rate will reach 107%. Gowlings LLP and GlaxoSmithKline chose CRS's LED luminaires because they not only achieve economic benefits, reduce maintenance costs, but also significantly reduce energy consumption. Compared to halogen lamps with a lifespan of 2000 hours, MR16LED replacement lamps have an expected life of up to 50,000 hours.
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