In particular, Acriche (AC-driven Solid State Lighting), a flagship product, has been awarded Product of the year 2006 by Elektronik which is one of the most prestigious electronic publications in Europe. Acriche was ......In particular, Acriche (AC-driven Solid State Lighting), a flagship product, has been awarded Product of the year 2006 by Elektronik which is one of the most prestigious electronic publications in Europe. Acriche was also selected as one of the 10 Hot Products in 2007 as announced by EDN, a leading American magazine for electronic components. Seoul Semiconductor continues to promote the development of, and investment in, Z-Power LEDs and Top View LEDs which boast the highest level of luminous efficiency for which Seoul Semiconductor is known in the lighting world. In addition to Acriche, Z-Power and Top View LEDs Seoul Semiconductor has a broad range of high quality products including Side View, Chip, Lamp, High-Flux LEDs, and custom modules. All of these LED products are used as sources for indoor and outdoor lighting, signage, mobile phones, LCD TVs, laptops, automotive and white goods. At present, Seoul Semiconductor has more than 5,000 patents, including our critical patent on InGaN technology used in over 70% of all LEDs manufactured in the world. In 2009, the company entered into a cross license agreement with Nichia Chemical Industries Ltd. who currently holds first place in world-wide LED market share. Rise to worlds third largest LED manufacturer targeting sales of 1 Billion USD in 2011 Seoul Semiconductor has firm plans to be a global top 3 supplier in the LED industry by year 2011 and is putting in the infrastructure to support this growth. According to the 2008 "High Brightness LED Market Review and Forecast" produced by Strategies Unlimited, a leading American market research agency, Seoul Semiconductor ranked 6th in the High-Brightness LED (HB LED) market. This denotes the incredible annual growth rate of 43.6%, far out-pacing the market. Sales volume of 234 Million USD puts Seoul Semiconductor firmly among the top 10 LED companies. Seoul Semiconductor is projected to be a global top 5 LED company based on sales volume in 2008, and expects to grow to the third largest global company with sales volume of $1B USD in 2011. This will be due to the growth of the global LED market and Seoul Semiconductor’s ability to address much of the market with the breadth and quality of its products. Seoul Semiconductor believes that a continuous investment into research is critical to address the future needs of the LED market. Investing fully 10% of its total sales into R&D every year currently, Seoul Semiconductor plans to steadily increase its R&D investment in the future.