Lighthouse Completes Acquisition of Huizhou Factory
Poster: SySAdmin
Posted on November 25, 2010 at 4:14:01 AM
Lighthouse Completes Acquisition of Huizhou Factory
Addition of one of the world's largest LED display factories reinforces commitment to developing China's LED industry
HONG KONG, Nov. 25, 2010 /PRNewswire-Asia/ -- 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
http://www.lighthouse-tech.com .
Media Contact:
Waggener Edstrom Worldwide
Grace Cheng/Joanna Song
Tel: +86-10-5900-1427 / +86-10-5900-1014
Email: gcheng@waggeneredstrom.com / jsong@waggeneredstrom.com
Lighthouse Technologies Limited
Anita Leung/Renee Chu
Tel: +852-2192-1688
Fax: +852-2423-1092
Email: info@lighthouse-tech.com
Facebook: http://www.facebook.com/LighthouseLED
Twitter: http://twitter.com/LighthouseLED
SOURCE Lighthouse Technologies Ltd.
Lighthouse Technologies Ltd.
CONTACT: Grace Cheng, +86-10-5900-1427, gcheng@waggeneredstrom.com, or Joanna Song, +86-10-5900-1014, jsong@waggeneredstrom.com, both of Waggener Edstrom Worldwide for Lighthouse Technologies Limited; Anita Leung or Renee Chu, +852-2192-1688, Fax +852-2423-1092, info@lighthouse-tech.com, both of Lighthouse Technologies Limited
Web Site: http://www.facebook.com/LighthouseLED
Addition of one of the world's largest LED display factories reinforces commitment to developing China's LED industry
HONG KONG, Nov. 25, 2010 /PRNewswire-Asia/ -- 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
http://www.lighthouse-tech.com .
Media Contact:
Waggener Edstrom Worldwide
Grace Cheng/Joanna Song
Tel: +86-10-5900-1427 / +86-10-5900-1014
Email: gcheng@waggeneredstrom.com / jsong@waggeneredstrom.com
Lighthouse Technologies Limited
Anita Leung/Renee Chu
Tel: +852-2192-1688
Fax: +852-2423-1092
Email: info@lighthouse-tech.com
Facebook: http://www.facebook.com/LighthouseLED
Twitter: http://twitter.com/LighthouseLED
SOURCE Lighthouse Technologies Ltd.
Lighthouse Technologies Ltd.
CONTACT: Grace Cheng, +86-10-5900-1427, gcheng@waggeneredstrom.com, or Joanna Song, +86-10-5900-1014, jsong@waggeneredstrom.com, both of Waggener Edstrom Worldwide for Lighthouse Technologies Limited; Anita Leung or Renee Chu, +852-2192-1688, Fax +852-2423-1092, info@lighthouse-tech.com, both of Lighthouse Technologies Limited
Web Site: http://www.facebook.com/LighthouseLED