GE Bid for the Right to Sell LEDs in Cleveland

GE Lighting Solutions announced it would create 50 jobs in Cleveland and give the city $150,000 a year during the proposed 10-year contract in exchange for the right to sell the city LEDs.

It’s reported that Mayor Frank Jackson has announced the city was finalizing an exclusive 10-year contract with a Chinese company, Sunpu-Opto Semiconductor Ltd., to sell the city LED lights in exchange for 350 jobs early in March. Howerver, according to Sunpu-Opto representative Peter Tien, the price structure was too low and Sunpu-Opto did not want to lose money on the deal.

This time, GE has become one of only two companies that responded by the Dec. 1 bidding deadline. Cleveland City Council members said they were told that the other bidder, ATC Lighting and Plastics in Ashtabula County, failed to include a required financial guaranty, called a bid bond.
GE Lighting President Michael Petras said the company does $20 million a year in business with suppliers in the city and hopes that recent efforts will lead to another $5 million in purchases.

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.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE