TCL cooperates with China's trend to attack LED energy-saving products market
As a new energy-saving source, LED has created a new era of low-carbon lighting. With the maturity of its application technology, LED has achieved many advantages. The market expects the global LED lighting market to output value of nearly $17.5 billion during the year. China Trend Holdings Limited ("China Trend", stock code: 8171.HK) The subsidiary has previously joined TCL Group (A-Share Code: 000100) and China Innovation Investment Co., Ltd. ("China Innovation", stock code: 1217 :HK)'s company plans to develop, market and promote LED energy-saving products to share mutual resources.
LED application technology is becoming more and more mature, and the lighting industry is developing rapidly. Compared with last year, the market demand has increased significantly. LED lighting application technology has gradually gained advantages in terms of efficiency, quality, design, etc. As production increases and technology advances, costs and prices are gradually decreasing. Market participants expect that the LED lighting market will continue to develop rapidly in 2010, with a market output value of US$17.449 billion.
China Trends subsidiary Boss (China) Information Systems Co., Ltd. ("Boss China" has previously worked with TCL Group's Huizhou TCL Light Source Technology Co., Ltd. ("Huizhou TCL") and China Innovations' Innovation (China) Technology Development Co., Ltd. (“Up to Chinaâ€) signed a strategic cooperation framework agreement. The three parties plan to carry out strategic cooperation in the research and development, production and marketing of LED energy-saving products, especially in the contract energy management (CEM) model, in order to achieve mutual benefit sharing.
Boss China has the ability to operate, sell and market LED energy-saving products. Huizhou TCL is a company specializing in R&D and manufacturing of LED products under TCL Group Co., Ltd., and as many as China has the ability to design LED energy-saving products.
Through the above potential cooperation, Boss China and up to China can directly purchase Huizhou TCL's LED lighting products, or entrust Huizhou TCL to produce LED lighting products through OEM and ODM. At the same time, Boss China can use CEM financing platform to support Huizhou TCL to launch CEM operation mode at home and abroad to promote the promotion and use of LED energy-saving products.
China Trends currently focuses on CEM's BOT investment-segmentation model to provide energy-saving solutions to users and promote them in various areas of society. CEM's operating model is mainly to sign energy management contracts with users in China, provide energy-saving solutions, financing, transformation and other services, and recover investment and obtain reasonable profits by enjoying energy-saving benefits. The Group's CEM model will be extended to different levels, including solar outdoor lights, solar electric vehicles, solar mobile screens, and solar e-books, all of which are applications involving solar cells, LED lighting, and energy-saving materials.
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