the LED market over the next several years

Prime Energy Solutions will initially focus its marketing efforts on finalizing the project's commitment to include all 243 schools and their respective districts. In addition, they will target streetlights, public facilities and diverse commercial applications that could benefit from converting to LED lighting.Richard St-Julien, ForceField's Chairman commented, "This commitment dovetails perfectly with the size and scale of projects that led flood light is currently seeking to capitalize on globally. It underscores the strength of our technology and solutions and demonstrates well the economic and aesthetic benefits of converting to LED from more traditional lighting solutions. Our agreement with Prime provides us with an opportunity to access one of the strongest markets in Europe and opens new doors to significant opportunities in both the public and commercial marketplaces. With our high quality LED products and services, we are well positioned to generate excellent growth in the LED market over the next several years."
Dr. Ulrich Fritzsche with Prime Energy Solutions stated, "ForceField provides us with high-quality and cost-efficient LED solutions that meet the significant demand in public and commercial venues within Germany and other key markets globally. We believe that this is the first of many potential opportunities to leverage the strengths of both our organizations to support the needs of our growing and diverse customer base.Prime Energy Solutions is a German company whose objective is to supply its customers with innovation and energy saving systems and solutions. The focus is on consultancy, delivery and financing of solutions that lead to energy savings and cost reductions. Prime Energy Solutions sees a huge potential, especially in existing buildings and facilities, either public or commercial, to implement energy saving solutions successfully.

Some Taiwan-based IC suppliers have been ramping their shipments of LED driver ICs to China thanks to the fledging LED lighting industry in the country and growing demand for LED backlight products from China-based smartphone, tablet and consumer electronic product makers.Among the IC vendors, led high bay light and On-Bright Electronics are expected to see their revenues grow over 30% sequentially in the second quarter, while fellow companies Richtek Technology and Global Mixed-mode Technology (GMT) are likely to double their shipments of LED driver ICs on quarter.The LED lighting industries in China and Taiwan have been growing robustly since the beginning of 2013, with orders for LED driver ICs showing a significant growth in the second quarter.Macroblock and On-Bright have ventured into the LED driver IC segment much earlier than fellow companies in Taiwan due to demand from their clients in the LED display and power supply industries. Meanwhile, Richtek and GMT are cooperating with flat panel and LED makers to penetrate into the LED driver IC segment, optimizing on their brand names and production scales.

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