Philips Cooperates with Shenzhen SED to Set up LED Joint Venture

On July 11, 2013, Shenzhen SED approved the proposal to establish joint venture the thirteenth Extraordinary Meeting of its Sixth Board of Directors, the Board of Directors agreed to jointly fund with Philips Electronics China BV for the establishment of Shenzhen CFL Sang Fei smart lighting Technology Co., Ltd. (tentative name, the final name based on the approved business license).

The registered capital of this joint venture is up to 100 million Yuan, Shenzhen SED invested its own funds of 70 million Yuan in cash, accounting 70% interest of the joint venture, Philips invested 30 million Yuan in cash from legitimate sources outside China, taking up 30% interest of the joint venture.

In accordance with the agreement, the joint venture will provide lighting products related to intelligent lighting and control systems sales and system integration; intelligent system solutions for low-carbon urban applications and development, production, sales of related products and system integration; engineering construction and operation services of intelligent carbon urban application of systems.

Shenzhen SED said that the establishment of joint venture with Philips docking national energy conservation, promoting green lighting, developing smart low-carbon city strategy, which will help the company to build high-end LED lighting industry with the integration of LED lighting manufacturing, upstream and downstream systems integration and comprehensive product and service solutions for intelligence low carbon city application, also it is the company's development needs to accelerate products and industrial restructuring.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Sengled, makers of intelligent lighting products that integrate consumer electronics with LED bulbs, today announced the release of the Sengled Boost, an LED light bulb with a built-in Wi-Fi signal repeater that can boost connectivity levels t... READ MORE

Soraa, the world leader in GaN on GaNTM LED technology, announced today that it has added to its full visible spectrum LED product portfolio a PAR20 lamp with incredibly high CBCP, flawless beam definition and edges, and outsta... READ MORE