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| Monday, 20 September 2010, 16:00 HKT/SGT | |
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Source: China Trends | |
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HONG KONG, Sept 20, 2010 - (ACN Newswire) - As an energy-saving new light source, LED marks the beginning of the low carbon era. With the growing maturity of its applied technology, LED also obtained all-round advantages. It's believed the market value of global LED lighting market during the year will be close to US$17.5 billion. China Trends Holdings Limited ("China Trends", Stock Code: 8171.HK) announced earlier that, its subsidiary would cooperate with the subsidiaries of TCL Corporation (000100.SZ) and China Innovation Investment Limited ("China Innovation", Stock Code: 1217.HK), to work on the sections of R&D, production, sales and distribution of energy-saving LED products, achieving the mutual sharing on resources.
The application of LED becomes more and more mature, in which the rapid development of the lighting industry even recorded a substantial growth in market demand comparing with last year. With the advantages of high efficiency, good quality and design, as well as advanced technology, the costs and prices drop subsequently. It is expected that the LED lighting market in 2010 will continue the rapid development, which market value may reach US$17.449 billion.
Boss (China) Information Systems Limited ("Boss China", a subsidiary of China Trends), Huizhou TCL Lighting Appliance Technology Limited ("Huizhou TCL", a subsidiary of TCL Corporation (000100.SZ)) and Dooda Innovation (China) Technology Development Limited ("Dooda China", an investment in the PRC made by China Innovation through Dooda Innovation Limited) entered into a strategic cooperation agreement earlier, to establish a strategic cooperation on R&D, production, sales and distribution of energy-saving LED products under CEM business model to achieve the mutual sharing on resources.
Boss China is engaged in the operation, sale and distribution of energy-saving LED products, Huizhou TCL is a subsidiary of TCL Corporation focusing on the research and development, and manufacturing of LED products, while Dooda China is well-equipped with technique in the design of energy-saving LED products.
Under the agreement, Boss China and Dooda China can purchase energy-saving LED lighting products with the brand "TCL" directly from Huizhou TCL. On the order hand, Boss China and Dooda China would outsource the production of energy-saving LED lighting products to Huizhou TCL under OEM and ODM contract basis, while Boss China can also provide a financing arrangement for Huizhou TCL to support the development and implementation of CEM for sales and distribution of energy-saving LED products.
The CEM model executed by China Trends makes use of the BOT model. CEM is a commercial operating model that the provider offers its clients with a set of energy saving services, project financing, engineering construction, and related services by providing energy-saving electronic products. China Trends' target is to promote energy-saving products and solutions in different aspects of the society and to realize its investment returns and profit by sharing relevant percentage of the energy saving efficiency. The Company also plans to execute the model in different aspects, including solar electric car, solar advertising screen and solar electric book, to showcase the application on solar storage battery, LED backlight and lighting and energy conserving materials.
Contact:
Carmen Lee
Investor Relationship Department
China Trends Holdings Limited
Email: carmen.lee@8171.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Mobile: +852 6301 6611
Fax: +852 2111 9989
Topic: Production report
Source: China Trends
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From the Asia Corporate News Network
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