News Article
China Intelligent Lighting Opens New Facility in Huizhou, China
The Company invested approximately US$ 1.0 million into five new production lines for LED products.
China Intelligent Lighting and Electronics, a leading provider of lighting solutions that engages in the design, manufacture, sales and marketing of high-quality LED and other lighting products, has leased a new facility in Huizhou, China, which opened on Tuesday, January 18, 2011.
The facility is approximately 215,000 square feet in size, and the Company will use the facility to house production lines, a research and development lab and office space.
Li Xuemei, Chairman and CEO of China Intelligent, said, "We are excited to open our new facility in Huizhou, where we will design and manufacture new and innovative lighting products and LED components. We believe that our investments to expand our manufacturing capacity, as part of our strategic development plan, will be a material revenue growth driver for China Intelligent.”
“ Our R&D initiatives at the facility will focus on industrial design and product development in order to extend our leading position in the industrial design space. We believe that our advanced manufacturing capabilities and cost structure have already put us at forefront of China's lighting industry, and expect that our operational efficiency will continue to improve as we launch new products and expand the sales of our existing LED products, enabling us to reduce our per unit cost of materials, components and manufacturing."
The Company has invested approximately US$1.0 million in five new production lines for the new space, including a production line for LED street lamp components. Management expects that the five new production lines, at full capacity, will be capable of increasing the Company's total capacity on an annual basis by approximately 20%. The Company expects installation of these five lines to be completed in January 2011. Following the completion of pilot runs, management expects these five lines to begin production by the end of March 2011.
The Company has hired five engineers with extensive lighting industry experience to work in its new R&D lab, which will be focused on new product development and LED technology innovations.
China Intelligent Lighting and Electronics currently offers over 1,000 products that include LEDs, long life fluorescent lights, ceiling lights, metal halide lights, super electric transformers, grille spot lights, down lights, and recessed and framed lighting.
