AV Concept and LEDMAN jointly develop high-brightness LEDs in Asia

Famous electronic component distributor AV Concept Holdings Limited ("AV Concept" or "Group") (stock code: 595) and Shenzhen Lehman Optoelectronics Technology Co., Ltd. ("Lehman Optoelectronics" or "LED MAN") in 2011 On January 27th, 2009, we signed a letter of intent for cooperation and intend to establish a joint venture company in China to jointly develop high-brightness high-power LED products and manage the operation of related product packaging.


According to a market survey published in July 2009 by the high-brightness LED industry leader Strategy Unlimited, the global annual growth rate of global high-brightness LED sales revenue was about 22.5% between 1999 and 2008. The packaged LED sales revenue reached $5.1 billion per year. Most of the current major applications, such as mobile phones, display screens and automotive lighting, are exported to the world after being produced in Asian countries such as China, Japan and South Korea. Many of the high-growth applications such as LED backlights (for notebook computers and LCD TVs) and general lighting are mainly produced in China, and the market is expected to record double-digit growth in the future.


Lehman Optoelectronics is committed to the production and development of LED packaging, and has its own brand LEDMAN and professional sales team in China. In October 2009, Lehman Optoelectronics became the only domestic LED packaging brand on the large display screen in the Tiananmen Gate of the National Day of the Motherland. It provides two large color LED display screens with display sizes of 5 meters high and 50 meters wide. The most critical of these LED components, with a total usage of 6 million. In May 2009, it was awarded the China 2008 LED Outstanding Enterprise Award by China Electronics News and two top national associations in the industry.


Mr. Su Zhian, CEO of AV Concept, said: We are very happy to be a strategic partner with Lehman Optoelectronics. This cooperation will help AV Concept capture the huge market opportunities in Asia. The Group will use the high-brightness LED chip technology of Wavesquare Inc. ("Hua Fang Liang" or "Wavesquare") to package it in China and sell it to thousands of traditional lighting manufacturers in Asia. Customers provide services such as optical testing and technical support. We believe that this cooperation will help the Group's ultra-high-brightness LED products gradually increase their share in the traditional lighting products market.

Mr. Li Mantie, General Manager of Lehman Optoelectronics, said: This cooperation will give full play to the advantages of Lehman Optoelectronics' advanced LED packaging technology and AV Concept's comprehensive distribution network and rich marketing experience, bringing technology development and market operations to both sides. A highly advantageous synergy.

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