Lighting Science Group Corp. Looks to Benefit from Multibillionaire ?Solid-State Lighting Market ?Dallas, TX 1/28/2008 04:56 PM GMT (TransWorldNews) To read the complete article, please visit http://www.beaconequityresearch.com/ ?- Click on News and Commentary Producing electricity costs about $60 billion a year in the US. The ?cost of electrical energy should not be measured in dollars alone. ?There are also environmental costs like the cost of carbon dioxide ?emissions associated with electricity production. Approximately 20% of ?electricity is used for lighting. Solid-state lighting (SSL) has the potential to revolutionize the ?lighting industry. SSL refers to a type of lighting that utilizes ?light-emitting diodes (LEDs), organic light-emitting diodes or polymer ?light-emitting diodes as sources of illumination rather than ?electrical filaments or gas. Solid-state lighting is increasingly used ?in a variety of lighting applications because it offers many benefits ?including, long life, energy savings, better quality light output, ?intrinsically safe, smaller flexible light fixtures and durability. LEDs--commonly used in signs, signals and displays--are rapidly evolving ?to provide light sources for general illumination. According to ?Strategies Unlimited, the LED market reached $4.2 billion in 2006 and ?is set to move away from its current low-growth state in the next 1-3 ?years, as new markets begin to emerge. Growth in the high-brightness ?LED market in the next 3-5 years will be driven by lighting, display ?backlighting and automotive applications. The overall market will grow ?about 17% annually over the next five years and will reach $9 billion ?by 2011. Cell phones and other handheld devices dominate the LED ?market, but new uses are catching on.