If you have a local Home Depot store nearby then take a stroll along when you go for shopping this time and be prepared to see something new and exciting. A few days ago a business deal was struck between Universal Display (NASDAQ:OLED) lighting specialist, Acuity brands (NYSE:AYI) and Home Depot (NYSE:HD), through which Home Depot (NYSE:HD) has begun offering different light fixtures of Universal Display (NASDAQ:OLED). These lighting fixtures appear to be to very costly but their inclusion by the Home Depot (NYSE:HD) are indicators of a good deal between the two giant companies. The Universal Display (NASDAQ:OLED) lightings are believed to have revolutionized the entire lighting industry. Apart from being cool and highly efficient they are capable of distributing even more contrasts than ordinary lights sources like LED bulbs.
The Universal Display (NASDAQ:OLED) lights have revolutionized the industry by introducing new features like flexibility, paper thinness, opaqueness, and a huge variety of different colors and shapes. This has led to the unrivaled production by different ambitious manufacturers by using the energy efficient and pleasing designs. The Universal Display (NASDAQ:OLED) has made its way to the market by competing with giant competitors like Konica Minolta (TYO:4902) and Philips (NYSE:PHG). The company uses new unique ideas to produce innovative products to make its way into the mass market. LG Chem, which is also among the customers of Universal Display (NASDAQ:OLED) is one of the suppliers of Universal Display (NASDAQ:OLED), and also provides the company with the panels that are to be used in its light fixtures. Acuity (NYSE:AYI) has been selling its fixtures through its own franchises for quite some time but this is probably the first time it has been offered to sell its products on such a large scale. This is seen as a golden opportunity for the company to capture the market, by some experts, and advise the company not to make any mistake here. According to the experts, the company has a chance here to make thousands of customers globally and to expand its international market to other regions of the World.
In the recent conference of the company, the CFO announced that though the lighting industry is still growing and only makes 5% of, their company has still managed to prove worthy to get to the Stars column of the portfolio in the future as near as in 2015. However, the Universal Display (NASDAQ:OLED) investors should remain careful and should not expect any sudden growth and increased profits in the near future. The company can still lose its path while competing against old ad strong competitors as Konica Minolta and Philips. However, in the mean time the Universal Display (NASDAQ:OLED) will rely primarily on medium sized and small sized Universal Display (NASDAQ:OLED) displays from LG electronics and Samsung. Given the small income generating part of the company, Universal Display (NASDAQ:OLED) lighting can serve as a catalyst with a great potential to generate huge amount of revenues.