While LED lighting is the initial target market for LUXeXceL’s Printoptical technology, the company has also started to focus on advertising graphics, digital arts, and manufacturing needs of various industries. Printoptical is based on the wide-format industrial inkjet printing equipment, which enables printing of very complex designs that is simply not possible – or is overly expensive – with other manufacturing processes. LUXeXceL also plans to establish relationships with solar and construction industry manufacturers. Optical structures printed by using Printoptical technology have the potential to enhance the conversion of solar energy into electrical light, so the efficiency of the photovoltaic cell can be improved.
“When compared to its competitors, LUXeXceL’s technology provides its customers with quality LED product at a lower overall cost and reduced time-to-market,” summarised Krishnan. “These factors have enabled LUXeXceL to position itself as a potential major LED optics manufacturer for the majority of LED system integrators in the industry.”
In recognition, Frost & Sullivan is pleased to present LUXeXceL with the 2012 Enabling Technology Award in the advanced optics market for LED lighting. Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products but also enables the development of newer products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.
Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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