Evonik Industries AG announced in October 2009 that it has formed a new joint venture with Cristal Material Corporation to manufacture high-quality glass lenses for next-generation LEDs, which will be…
Evonik Industries AG announced in October 2009 that it has formed a new joint venture with Cristal Material Corporation to manufacture high-quality glass lenses for next-generation LEDs, which will be marketed under the Savosil brand. The Evonik – Cristal Materials Corporation joint venture, which will complement Evonik“s strategy as a solution provider to the lighting industry, will also provide Cristal Material Corporation access to a highly innovative market. Thanks to the joint venture, Evonik will have an important opportunity for forward integration along the entire supply chain in the growing LED market, Patrik Wohlhauser, chairman of Evonik Degussa GmbH“s management board said. The LED lenses produced by the joint venture will be manufactured using Evonik“s patented SiVARA Sol-Gel technology, according to which glass lenses of consistent quality to be manufactured in any desired shape. LEDs are much more energy efficient, last longer, and offer many new design possibilities compared to conventional light sources, and are increasingly used in many different lighting applications.