Chen stressed that optical-lens design is an essential block of LED streetlight, reasoning why even Philips buys lens from the company for its LED lighting products. Genius` LED-lighting business, Chen noted, has a research and development team of over 50 specialists. The business, he added, will expand into indoor light segment from outdoor light segment.Besides lighting business, Genius has also begun supplying lens for high-pixel digital cameras built in iPods and iPhones. Industry watchers estimated lenses for LED lighting and smartphones to become Genius `s major revenue drivers in 2010.
which will be principally engaged in the research and development, the sale, the quality control and brand management of high brightness high-power LED products. The JV Company will be jointly managed by AV Concept and LEDMAN.
It is estimated that the capital investment of each of AV Concept and LEDMAN will not be more than US$2 million (or an equivalent amount of Renminbi) and the capital to be invested will be mainly used for research and development of LED products. Upon the establishment of the JV Company, led highbay light will own 51% equity interest of the JV Company and will be entitled to 51% of its profits while AV Concept will own 49% equity interest of the JV Company and will be entitled to 49% of its profits. The JV Company, upon establishment, will not become a subsidiary of AV Concept.
which will be principally engaged in the research and development, the sale, the quality control and brand management of high brightness high-power LED products. The JV Company will be jointly managed by AV Concept and LEDMAN.
It is estimated that the capital investment of each of AV Concept and LEDMAN will not be more than US$2 million (or an equivalent amount of Renminbi) and the capital to be invested will be mainly used for research and development of LED products. Upon the establishment of the JV Company, led highbay light will own 51% equity interest of the JV Company and will be entitled to 51% of its profits while AV Concept will own 49% equity interest of the JV Company and will be entitled to 49% of its profits. The JV Company, upon establishment, will not become a subsidiary of AV Concept.
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