other material
confidence high
sentiment positive
materiality 0.60
Ozop Energy launches smart lighting subsidiary OED; targets $40B market
OZOP ENERGY SOLUTIONS, INC.
- Wholly owned subsidiary Ozop Engineering and Design (OED) formed for smart digital lighting controls.
- Global smart lighting market estimated at $40.5B in 2022, projected $78.8B by 2026 (14.7% CAGR).
- OED began operations April 1, 2022; team with over 31 years of operational experience.
- Already over 40 contracts in development with major lighting control suppliers.
- CEO expects OED to provide additional revenue opportunities in renewable energy smart systems.