LED scores contract in China
LED International, a company involved in the development, manufacture, and sale of led module and other led products, has said its subsidiary, Shenzhen Strongbase, has been awarded a contract by a Chinese company for the supply of one set of reactance filtering equipment.
LED International, a company involved in the development, manufacture, and sale of led module and other led products, has said its subsidiary, Shenzhen Strongbase, has been awarded a contract by a Chinese company for the supply of one set of reactance filtering equipment.
The contract is expected to generate LED revenue of around £152,000.
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It is expected that the reactance filtering equipment will deliver energy consumption savings of at least 10% to CNPC. The company expects the work to be completed by the start of December at the latest.
Strongbase will receive 90% of its payment within one year and begin a three-year warranty period.
LED's Chief Executive Officer, Stephen Chan, said: "We are very pleased to secure this supply contract of reactance filtering equipment to CNPC Xinjiang, one of the giant state-owned enterprises in the country, that we consider vital to our successful penetration to the emerging energy-savings market together with continuing implementation of energy management contract business model in China."
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