Fusion Optix, a leading developer of solutions for advanced lighting markets, announced that it has formed a partnership with WNI, a private company in South Korea, to distribute its products to original equipment manufacturers (OEMs) and other customers in South Korea. The agreement covers WNI distributing all Fusion Optix optical components and materials which are designed for use in applications such as general illumination, LED and solid state lighting, LCD backlighting, solar energy and daylighting.
The move marks a significant initiative by Fusion Optix to step up its activities in the Asia-Pacific region and expand its global reach and distribution of its key products.
Dr Terence Yeo, CEO of Fusion Optix, comments, “It is an exciting time for Fusion Optix and for the advanced lighting and energy efficiency markets in general. We have experienced very strong growth in our business throughout 2010, both in North America and the Asia-Pacific region. A significant percentage of our current revenues are from shipments into the Asia-Pacific region and we expect this to increase considerably in the coming year. We considered several options to better support the market in South Korea and WNI come highly recommended by several of our OEM customers, and we look forward to a successful collaboration with them.”
Jin Woo Sung, WNI Chairman further adds, "The Korean LED lighting industry is currently experiencing rapid growth and, our customers are technology driven and very focused on applications for a wide variety of industrial needs. Fusion Optix is recognized in Korea as the global leader for optical components and light management technology solutions, particularly in LED lighting, and we look forward to maximizing our service to our rapidly growing customer base.”
About Fusion Optix
Fusion Optix is a privately held company providing advanced lighting solutions based upon a patented platform of optical components and materials. Our innovations can be found in products used every day in business, industry or the home as well as demanding military and aerospace applications. The company owns more than 50 U.S. and international patents. Our company headquarters in Woburn, MA also houses our main production facility and the Fusion Optix Technology & Engineering Center (FOTEC). Fusion Optix investors include Goldman Sachs and Prudence Capital. To learn more, please visit www.fusionoptix.com.
WNI is a privately held Korean company with an experienced multi-national management team. WNI designs and manufactures innovative SMPS solutions for LED lighting products and distributes leading brand LED components and materials.