LightLab Sweden and Arklite Speciality Lamps sign co-operation agreement
- The agreement covers technology licensing, sales and production
- The joint intention is for Arklite to commence sales and volume deliveries of EEE Light® based mercury free UV lamps during 2017
- An important milestone in the market establishment of LightLab Sweden’s EEE Light® technology for UV disinfection
In a press release from February 15, 2017, it was announced that LightLab Sweden and Arklite Speciality Lamps Ltd., Pune, India, had signed a memorandum of understanding (MoU), whereafter negotiations with the purpose of executing a co-operation agreement were initiated. These negotiations are now concluded and the parties have signed a commercial co-operation agreement around sales and production of UV lamps, primarily for disinfection of water, air and surfaces.
Arklite Speciality Lamps Ltd., established in Pune, India, in 1996, is a leading manufacturer and provider of speciality lamps based on quartz glass technology. The product portfolio includes, among other things, UV lamps for UV disinfection, UV lamps for curing and high wattage floodlighting. Arklite also provides systems for water disinfection.
According to the signed agreement, Arklite is granted a license to sell and manufacture UV tube lamps based on LightLab Sweden’s EEE Light® technology. Arklite will now initiate establishment of volume production capacity, for UV lamps based on LightLab Sweden’s EEE Light® technology and on Arklite’s own expertise in speciality lamps and quartz glass technology.
The agreement regulates, in addition to the technology license, also sales and the establishment of production capacity. It is the common goal of both companies that Arklite shall be able to commence sales and deliveries of EEE Light® based UV lamps from their production line already during the coming quarter and that volume production capacity shall be established before the end of the year.
“For LightLab Sweden it is an important milestone that volume production capacity of UV lamps based on our unique and efficient EEE Light® technology for UV disinfection of water, air and surfaces now is being established. We look forward to take this step in co-operation with Arklite, a leading supplier of speciality lamps, with their ability to combine cost efficiency, high quality and innovation.”, says Johan Tingsborg, CEO LightLab Sweden.
“Arklite India believes that the EEE Light® technology from LightLab combined with Arklite's Quartz technology and manufacturing capabilities offers a unique opportunity to lead in the global market for high performance and mercury free UV products.”, says Vikram Bapat, MD Arklite Speciality Lamps Ltd. India.
For further information regarding this press release please contact:
Johan Tingsborg, CEO
Tel: 46 (0)8 442 0550
This is LightLab Sweden AB
LightLab Sweden AB (publ), www.lightlab.com, develops, markets and offers a unique technology, EEE Light® that is sustainable and cost-effective. The focused applications are UV disinfection of water, air and surfaces. LightLab has over 4,300 shareholders. The company’s shares are listed on NASDAQ First North Stockholm. The company’s certified adviser is Erik Penser Bank.