Lighthouse Completes Acquisition of Huizhou FactoryBy Lighthouse Technologies Ltd., PRNE
Wednesday, November 24, 2010
Addition of one of the world's largest LED display factories reinforces commitment to developing China's LED industry
HONG KONG, November 25, 2010 - World-leading LED display solutions provider, Lighthouse Technologies
Ltd. (Lighthouse) announced today it has completed the share acquisition of
its Huizhou factory, giving it full ownership of Lighthouse Technologies
(Huizhou) Limited, one of the largest LED display factories in the world. The
move marks Lighthouse's continued leadership and commitment to developing the
fast growing global LED display market.
The investment brings a number of advantages not just to Lighthouse, but
to China and the Huizhou area as well. With RoHS compliance, the
manufacturing facility is an eco-friendly investment, well aligned with the
Chinese government's low carbon development policy put forth in 2009. It's
also an investment that brings some of the most advanced technology and
management experience to China.
For residents of Huizhou, the facility has also been an important source
of economic growth, bringing more jobs to Chinese citizens and contributing
to Huizhou's GDP and government revenue. And, following the acquisition,
factory employees can now receive advanced training, giving them important
skills that will aid them in their career development.
Lighthouse customers will also see benefits from the investment. Full
ownership allows Lighthouse to increase production capacity, improving supply
efficiency while maintaining excellent quality. It also ensures a solid link
between each stage of the production process, from idea conception to design
to manufacturing, effectively accelerating the time-to-market.
"Lighthouse has established itself as an industry leader in the
international LED display market, and we require the most advanced
technologies to continue meeting market needs and to continue building our
reputation," said Peter Chan, general manager at Lighthouse. "We will
continue investing in our Huizhou facility as the LED screen market hold
tremendous potential, with demand booming in China and around the world."
One of the market's fastest rising industry leaders, Lighthouse has
continued to strengthen its presence in Asia and in the world in 2010 with a
number of big wins, including the Shanghai World Expo and several
world-renowned brand stores such as Vivienne Tam, Chanel and Ermenegildo
Zegna as well as the sports stadiums, Bradley Center in the US.
Lighthouse Technologies Limited is a global leader in LED display
technology that develops, manufactures, and markets LED video display
solutions for multiple indoor & outdoor applications, media and entertainment
events, and sports arenas across the globe. With numerous technological
breakthroughs to its name, Lighthouse has established itself as a multi
award-winning leader in the LED display industry that holds itself to the
highest standards of quality.
Founded in 1998 Lighthouse has a strong global presence with regional
offices in Europe, North and South America, the Asia Pacific and China.
Employing the most advanced technology, the highest quality manufacturing
facilities, and world-class, round-the-clock technical support, Lighthouse
satisfies customers on every major continent, captivating the imagination of
millions. For more information about Lighthouse, please visit
Media Contact: Waggener Edstrom Worldwide Grace Cheng/Joanna Song Tel: +86-10-5900-1427 / +86-10-5900-1014 Email: firstname.lastname@example.org / email@example.com Lighthouse Technologies Limited Anita Leung/Renee Chu Tel: +852-2192-1688 Fax: +852-2423-1092 Email: firstname.lastname@example.org Facebook: www.facebook.com/LighthouseLED Twitter: twitter.com/LighthouseLED
Grace Cheng, +86-10-5900-1427, gcheng at waggeneredstrom.com, or Joanna Song, +86-10-5900-1014, jsong at waggeneredstrom.com, both of Waggener Edstrom Worldwide for Lighthouse Technologies Limited; Anita Leung or Renee Chu, +852-2192-1688, Fax +852-2423-1092, info at lighthouse-tech.com, both of Lighthouse Technologies Limited
Tags: Asia, Hong Kong, Lighthouse Technologies Ltd., November 25, Western Europe