Winvision Announces "VER's Exclusive Agreement has Ended. No Renewal."

Interest mounting over what lies ahead for Korea's Galaxia Electronics, manufacturer of Winvision - LED video display used for live concerts and sporting events

Nov 16, 2015, 06:00 ET from Galaxia Electronics Co., Ltd.

SEOUL, South Korea, Nov. 16, 2015 /PRNewswire/ -- Established in October 2006, Galaxia Electronics is a 'LED-oriented total solution company' devoted to developing and manufacturing "creative LED displays" and "LED lighting systems." The company has unparalleled technological expertise in not only video rental equipment for live concerts and sporting events but also in billboards, OOH (Out of Home) media and Media Facade for integrating LED lighting and building cladding.

In 2010, Galaxia Electronics entered into an exclusive agreement with VER, a U.S. equipment rental company for professional video equipment, computer presentation, large screen projection, audio/visual equipment and audio system, to provide LED displays for the U.S. and EU markets.

End of exclusivity, 'Market changer' with launch of new products

Galaxia Electronics announced "the exclusive agreement with VER has ended, there will be no renewal." With the termination of the agreement, Winvision will be reverted to Galaxia Electronics, who has trademark rights in the U.S., EU and Japan, and VER will no longer have the rights to its exclusive use. Furthermore, the company has commented to bring about a market shift with launch of New Winvision products with competitive pricing and improved performance over the existing reduced weight carbon fiber framed Winvision Air products.  

"Winvision = Galaxia Electronics"

Winvision is Galaxia Electronics' proprietary brand with its see-thru creative design, light weight carbon fiber frame and innovative solution enhanced 3D LED display realization as the market pioneer. Winvision brand by Galaxia Electronics with the world's first 37.5mm and 18.75mm see-thru product development was derived from the product's form in "Window" structure and the abbreviation of the term "Winning" to coin the branding of "Win."

Team Leader Franky Oh, who is responsible for Galaxia Electronics' global marketing, said "The company has already outlined a plan for Winvision's branding and marketing strategy and anticipate this to be an opportunistic time to expand its distribution worldwide."

Media Facade : The term is associated with the integration of building and lighting fixtures to allow for a digital media display of dynamic animated, illuminated graphing, texting, imaging and screening on the building exterior(Facade) by utilizing the small form factor of LED. The unique combination of LED as a semiconductor element with diverse sensors and media interface technology has transformed into a visual architecture for media and digital arts. 

SOURCE Galaxia Electronics Co., Ltd.