The Board believes that the Group's expertise in the LED sector, as well as its focus on higher value added CREE, Inc. based products, can help the Group to focus on the niche markets such as LED street lights integrating with solar power supply and specialized power storage devices. In addition, the Board believes it is a positive indication of the Group's progress in the development of its higher-end LED products. The Group is developing higher value added LED products, such as LED lighting business and to focus on areas, for instance, Japan, where demand will remain strong.
The Group is currently developing and expanding its existing business through the development of LED energy saving lighting solutions by offering a series of LED light bulbs, LED spot lights, LED candle lights, LED par lights, LED tubes and LED panels under its registered trademark of "Green Pearl". The Group is in negotiations with a number of additional potential customers under EMC in the hotel, real estate, education and retail (bookstores, chain stores, petrol stations etc.) sectors and also with state-owned enterprises to supply street lights on a joint basis in some major cities in the PRC. In order to launch the EMC business model more widely, the Group is in negotiations with certain banks, both regional and Chinese, to provide debt financing. Further announcements will be made in relation to this at the appropriate time.
Home News EnergyPhilips calls on governments to switch on to LED opportunity inShare.3Two-and-a-half-year study finds light-emitting diodes could lead to energy savings of 85 per cent from street lighting aloneBy BusinessGreen staff 20 Jun 2012 More from this author Be the first to comment Ministers have been urged to develop an international low carbon lighting standard, after a major study across 12 cities found light emitting diodes (LED) used in street lighting could lead to energy savings of up to 85 per cent.
Electronics giant Philips, The Climate Group, and HSBC this week unveiled the results of a two-and-a-half-year study called Lightsavers, which undertook a series of trials to replace traditional lightbulbs with LED lighting in a number of cities, including New York, London, Kolkata, and Sydney.
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