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HONG KONG, Nov 23, 2009 - (ACN Newswire) - TC Interconnect Holdings Limited (SEHK Code: 0515) ("TC"/ the "Group") today announces it establishes a landmark foothold in Yangzhou, Jiangxu province in order to tap the East China market, signifying a milestone for its urban LED lighting business. The strategic arrangement officially kicks off after signing a Memorandum of Understanding ("MOU") with the management committee of Yangzhou Economic Development Zone on 19 November 2009. Yangzhou is a pilot city of "Ten Thousand LED lights in Ten Cities" progamme. Its first phase includes replacing of 50,000 urban LED lighting in/before April 2010. After the stringent screening process, it is understood that TC is appointed as one of the three project suppliers for the Yangzhou programme and TC could secure not less than 15,000 LED lamps.
According to the information provided by the Yangzhou government, over 50,000 LED lamps will be in use by 2010. It is estimated 13.6 million kilowatt-hour of electricity per annum will be saved, i.e. equivalent to RMB11 million. Annually, it also saves 1,710 tons of coal, reduces 13,000 tons of CO2, 400 tons of SO2 and 200 tons of NOX. By 2012 when 100,000 LED lights are in use - annually saving 30 million kilowatt-hour of electricity, 3,700 tons of coal, and reducing 28,000 tons of CO2, 870 tons of SO2 and 430 tons of NOX. By 2015, it is expected that LED lights will be fully utilized in roads, communities and decoration, and 30% of urban main roads, commercial and residential lighting will use LED.
The Chinese government undertook to replace the existing 48 million road lamps with LED. The policy can save energy of 40%. This year, the Ministry of Science and Technology introduced two LED lighting programmes, i.e. "Ten Thousand LED lights in Ten Cities" and "Thousand Miles Ten Thousand", which are actively participated by 21 pilot cities, including Shanghai, Shenzhen, Yangzhou, Wuhan, Heilongjiang, Heibei. In March this year, the programme of "Ten Thousand LED lights in Ten Cities" was launched. It is anticipated that by 2010, over 2 million LED lamps will be in use in the 21 pilot cities and large scale promotion will be activated upon the success of the programmes.
Mr. Paul Yeung, Chairman of TC said, "The high consumption of energy globally prioritizes the LED lighting technology to become a national issue. The Group is pleased to execute its LED business as planned. It is appointed as the one of the three LED lighting suppliers in Yangzhou. And the Group is confident to tap the high potential LED market. It plans to establish footholds in different regions in order to explore markets nearby. Yangzhou, an important foundation to explore East China market including Shanghai, is just a start."
Contact:
JOVIAN Financial Communications Ltd
Angel Y Y Yeung
Tel：+852 2581 0168
Fax：+852 2854 2012
Email： angel@joviancomm.com
Topic: Contract Awarded
Source: TC Interconnect
Sectors: Electronics
https://www.acnnewswire.com
From the Asia Corporate News Network
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