According to numbers given to Bloom by PECO, the installed LED lights has saved the township approximately $730 per month. The new lights use about 15 percent of the energy traditional bulbs use, Bloom said.
Taiwan Ratings said in a statement that, “The downgrade reflects our view of the heightened industry risk in the global LED sector and our belief that Everlight’s profitability is unlikely to recover to the previous high over the next one to two years, due to prolonged oversupply from weak demand and increasing competition.”
“This is due to a weak global economy that has lowered LED TV demand as well as still-low demand for LED lighting,” Taiwan Ratings said, adding that industry oversupply by Chinese and South Korean firms would continue to place pressure on the industry.
For the three months through last month, Everlight posted NT$4.31 billion (US$143.8 million) in revenue, up 15.08 percent from the previous three months — but that was still 3.89 percent lower from a year earlier.
Taiwan Ratings said in a statement that, “The downgrade reflects our view of the heightened industry risk in the global LED sector and our belief that Everlight’s profitability is unlikely to recover to the previous high over the next one to two years, due to prolonged oversupply from weak demand and increasing competition.”
“This is due to a weak global economy that has lowered LED TV demand as well as still-low demand for LED lighting,” Taiwan Ratings said, adding that industry oversupply by Chinese and South Korean firms would continue to place pressure on the industry.
For the three months through last month, Everlight posted NT$4.31 billion (US$143.8 million) in revenue, up 15.08 percent from the previous three months — but that was still 3.89 percent lower from a year earlier.
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