The replacement of 3.5 billion incandescent lamps installed throughout Europe will lead to a reduction in the power consumed by lighting systems by more than 30 percent. "The decision by the EU will help protect the climate and will help consumers reduce their electricity costs", said Martin Goetzeler, CEO of OSRAM. "The incandescent lamp is being discontinued because it is so inefficient. As leading lighting company we provide high-quality alternatives on the market. We will therefore continue to drive this technological change." OSRAM already achieves more than 95 percent of its sales with other lamp types such as halogen lamps,
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