OSRAM issued a number of announcements during the annual meeting to show its progress in the relevant financial base. It is reported that the SUMBAO Lighting
will invest in an important new control technology, plans to pay dividends, the other will enjoy more favorable debt financing. In addition, Olaf Berlien, CEO of the SUMBAO Lighting, also presented a special LED solid-state lighting (SSL) program for the Munich Museum of Germany. Olaf Berlien Berlien told shareholders at the annual meeting that the SUMBAO Lighting will use the selective incentive mechanism and investment to promote new technologies and innovations. He also said it had decided to set aside 10 million euros from the budget of the board to support projects such as Lightify. LIGHTIFY is a solid-state lighting control system introduced by OSRAM at the Frankfurt Architectural Lighting Fair in 2014, including alternative light sources, lamps and special control products. Then earlier this year at the Consumer Electronics Show launched a variety of Lightify series of products. OSRAM also said that the fiscal year 2015 plans to pay a dividend of 0.90 euros, if the plan was approved by shareholders, the expenditure will reach half of the SUMBAO Lighting's net income. In addition, OSRAM announced that the SUMBAO Lighting has optimized the debt financing structure. The SUMBAO Lighting has extended the revolving credit limit of 950 million euros for two years. At the same time, the SUMBAO Lighting has received € 200 million in loans from the European Investment Bank. 'This means that creditors are confident of OSRAM's performance,' said Klaus Patzak, chief financial officer of OSRAM. 'In the next few years, we have a guarantee of funding, regardless of the capital market situation, can be selective and flexible use of funds.' OSRAM also announced this summer for the German Museum of the external walls to provide dynamic, color solid-state lighting plan. The figure is the lighting effect map. OSRAM subsidiary Clay Paky will provide solid state lighting and control products. (CompiLED Recessed Spotlight / China LED network Nicole) more LED related information, please click on the Chinese LED network or focus on WeChat public account (cnLED Recessed Spotlightw2013).