TCP Investigates Recent Employee Claims

TCP International  ("TCP" or "the Company") today issued the following statement in response to the lawsuit recently filed by its General Counsel: 

TCP takes these allegations seriously.  The Audit Committee of TCP's Board of Directors, which is comprised solely of independent directors, is investigating these claims with the assistance of outside legal counsel.  The Audit Committee's investigation is ongoing. TCP believes that the one claim against TCP is without merit, and TCP intends to vigorously defend against it. TCP does not intend to comment on the specific allegations and claims made against Ellis Yan.   

TCP's senior leadership and more than 7,000 employees worldwide remain focused on continuing the Company's long and successful track record of providing quality products and superior customer service.  For over two decades, TCP has been a leader in energy efficient lighting technology, and the TCP team intends to maintain this record well into the future. 

Consistent with TCP's commitment to high quality products, the Company has voluntarily chosen to conduct additional levels of quality control on its products.  TCP believes this is appropriate and is doing so out of an abundance of caution, and TCP has engaged an outside testing firm to support these efforts.  While products are available for shipping, the Company expects some deliveries may be delayed for a short time period, and TCP will work closely with customers to minimize any potential impact on orders.

TCP and its management team remain focused on delivering high quality products and customer service, and TCP's Board of Directors is committed to serving the best interests of TCP and its shareholders.

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.

TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE

The German chemistry giant BASF has revealed its development of dark automotive paint colors that are reflective to LiDAR for enhancing the detecting function of autonomous cars. LiDAR plays a critical role to the development of autonomous veh... READ MORE