Osram protects its know how and concludes a settlement with Lextar Electronics in case of significant irregularities in a LED contract manufacturing. Since 2011 Lextar Electronics has been manufacturing for and supplying to Osram LED products which are based on Osram technology. The products concerned are mainly LEDs for general lighting, which are used in LED tubes for office lighting, and backlighting.
Osram discovered that LEDs sold by Lextar in the market appear to be identical to the products Lextar was exclusively manufacturing for and supplying to Osram. The high-tech company took the necessary steps to protect its know how and among other measures concludes a settlement with it's Taiwanese contract manufacturer on past irregularities.
OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor -based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM's innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM has approximately 23,500 employees worldwide as of end of fiscal 2019 (September 30) and generated revenue of about 3.5 billion euros from continuing activities. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR). Additional information can be found at www.osram.com.
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OSRAM Licht AG published this content on 02 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2020 15:54:02 UTC