Recently, Malaysia's penetration rate of LED lighting such as cheap led light bulbs was less than 5%, Malaysia's plan to stop all production, import and sale of incandescent light bulbs in January 2014 or before, and will provide a ready-made for the MyLED untapped domestic market. MyLED has been signed an agreement to work together with several international and domestic companies to promote business growth SSL LED manufacturing capacity.
MyLED Group is a solid-state lighting (SSL) manufacturer, the Group's subsidiaries have been MyLED optical technology in the production of LED lighting products like 12 volt led bulbs, and plans to begin production in January 2012 LED components. The company said 2014 will be able to produce 1.5 million a month LED components. Company has plans to invest $ 550,000 to expand the factory to meet the growing demand for LED lighting.
It is understood, MyLED with six, including from Germany, Japan, Taiwan and Malaysia, the original equipment manufacturer (OEM) signed a memorandum of the three manufacturers, including Amprex International Pte Ltd (Japan), Light-Trend Technology Co., photoelectric Corporation (Taiwan) and OSRAM Opto Semiconductors (Germany) will also be developed to MyLED provide technology and expertise. All because of chips purchased from Osram, provide LED lighting products including LED kids night lights will also have German quality, which can be guaranteed for five years.
In addition, MyLED also signed Taiwan, Malaysia, eight distributors and sales agents of the memorandum. Based on these different protocols, MyLED expects its cumulative sales of lighting components will be more than 6.32 million U.S. dollars over the next five years.