SAN FRANCISCO, June 1 /PRNewswire/ -- Today Lemnis Lighting™, maker of the world's best-selling LED retrofit bulb, the Pharox®, announced that it has entered a joint venture agreement with Tsinghua Tongfang Co Ltd, a Beijing-based enterprise engaged in the information and energy industries to drive manufacturing and development of LED products for both the indoor and outdoor markets.
Tsinghua, which operates in cooperation with Tsinghua University, aims to expand its competitive strength in the light-emitting diode (LED) industry through the agreement with Lemnis. The new joint venture named Beijing Tongfang Lemnis Lighting Technology Co ltd will focus its sales and marketing efforts on China and the global market utilizing the respective distribution channels of both shareholders.
"We have been looking for the right partner in China to give us market access to the largest and fastest growing market," said Frans Otten Chairman of Lemnis Lighting™. "Sharing our leading technology with a large Chinese company is essential for Lemnis' mission to cut energy use in lighting worldwide as soon as possible."
Mr Remko Gaastra, CEO of Lemnis Lighting™ said, "It is our sincere intent to share technology and knowledge with Tsinghua Tongfang and jointly expand the head-start Lemnis has in LED lighting. I also believe that our co-operation will lead to the development of new applications and generate economies of scale through which the adoption of LED in China and elsewhere will accelerate."
"The cooperation with Lemnis Lighting™ is an important venture for Tongfang to become a leading lighting player worldwide," said Lu Zhicheng, Director of Tongfang Holiding. "We hope to become involved in everything from LED chip production to lighting end-applications, and this joint venture with Lemnis Lighting is an essential part of this strategy as it gives Tongfang access to the leading light source and end-application technology."
About Lemnis Lighting:
Lemnis Lighting™ is a frontrunner in the field of sustainable lighting solutions, based on LED technology. Lemnis Lighting™ has offices in the Netherlands, San Francisco, Hong Kong and Singapore. Lemnis Lighting B.V. is a Dutch company with limited liability, and is a subsidiary of Tendris Holding. Tendris Holding initiates, develops and invests in companies that focus on sustainable, market-oriented and environmentally friendly solutions.
For further information, please visit www.lemnislighting.com
About the Tsinghua Tongfang:
Tongfang has formed an organizational architecture with the four branches of application information systems, computer systems, digital TV systems, and energy & environment system and relies on its ties with Tsinghua University as a first-rate technical platform.
By the end of 2009, Tongfang's total assets reached to 20 billion Yuan, annual operational income topped to 15 billion Yuan, and the total filed patents and software authorizations increased to 1341. The brand value exceeded to 50.12 billion Yuan. Tongfang has been listed to the "100 Top Scientific and Technological Enterprises of China", "100 Top Chinese Enterprises in Electronic Information", "500 Top World Brands" since the recent decade.
For further information, please visit www.thtf.com.cn
SOURCE Lemnis Lighting