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LED light bulbs have changed the dynamics of the lighting industry forever. In the past, the lighting business revolved around the replacement of incandescent and florescent bulbs. However, the life span of an LED bulb can range from 10 to 20 years. The onset of the LED light bulb was a catalyst for German company Siemens to spin off the Osram lighting brand. Siemens decided Osram did not have enough freedom for research and development if it remained under the Siemens brand, so Osram was floated in the Frankfort Stock Exchange in July 2013.

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