30th Jun 2011 09:03
30 June 2011
LED International Holdings Limited
("LED" or the "Company")
Major supply contract awarded
The Board of Directors of LED (the "Board") is pleased to announce that the Company's indirect subsidiary, Shenzhen Strongbase New Opto-Electronics Technology Co. Ltd. ("Strongbase New"), has been awarded a significant contract by Beijing Wei Cheng Xin De Decoration Engineering Limited (the "Purchaser") for the supply and installation of the Company's LED light bulbs (the "Contract"). The projected revenue under the Contract to Strongbase New is approximately RMB2.73 million (approximately £260,000).
The Purchaser is a major engineering company in the business of renovation, fitting-out works and maintenance works for property developments in China. Apart from the supply and installation of the Company's LED lighting products, Strongbase New will be offering the Purchaser a comprehensive solution which includes design, planning and product safety testing. The Company expects all works to be completed by no later than 15 August 2011, whereby Strongbase New will have received approximately 95% of the payments under the Contract and begin a 3-year warranty period.
LED's Chairman, Thomas Li, commented, "It is very pleasing to secure this order for supply to the renovation market, a sector that we consider to be important in our plans for the future growth of the Company. We are also extremely pleased to be able to update shareholders on a further significant contract following our announcement on 10 June 2011"
**Ends**
For further information:
LED International Holdings Limited | |
Stephen Chan - Chief Executive Officer | +852 2243 3100 |
Allenby Capital Limited | |
Nick Naylor / Alex Price | +44 (0) 20 3328 5656 |
Notes to Editors:
LED International Holdings Limited and its subsidiaries specialise in the development, manufacture and sale of low powered led screens, outdoor signs, lamps, lighting and building illumination; and high powered / medium powered led energy efficient indoor and outdoor lighting products.
For more information, please visit: http://www.led-intl.com
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