Previously, President Chain has partnered with Everlight to sell 8-watt LED bulbs under the Everlight brand, however, this time it would market co-branded 8-watt LED bulbs with Delta Electronics Inc.
According to President Chain public relations official Irene Chuang, the new LED light bulbs would hit the store shelf soon. But she declined to say the number of the co-branded light bulbs the company expects to sell, at NT$399 each, by the end of 2012. The retailer sold out of 100,000 Everlight LED bulbs at NT$299 each within a month between May and last month.
For Delta, the company’s solid-state lighting division director Roland Chiang said in a statement that it hopes the cooperation with President Chain will further popularize LED light bulbs, boosting the company’s market share.
The new IDG System awards total $4 million, and include installations for manufacturing, pharmaceutical, hospital, and retail operations. The utility infrastructure awards are just over $5 million, and include transmission and distribution projects for oil and gas companies and military bases. The new LED Area Light awards are just under $1 million and include an order from a new utility who has adopted the light to roll out across its utility system.
The awards announced today include approximately $8 million of turnkey projects which will be recognized as the work is performed and the products are shipped, and approximately $2 million of projects which will be recognized under the Company's distributed generation company-owned recurring revenue model. These recurring revenue contracts are for IDG systems for large retail facilities and will be recognized over a five year period starting in 2013.
According to President Chain public relations official Irene Chuang, the new LED light bulbs would hit the store shelf soon. But she declined to say the number of the co-branded light bulbs the company expects to sell, at NT$399 each, by the end of 2012. The retailer sold out of 100,000 Everlight LED bulbs at NT$299 each within a month between May and last month.
For Delta, the company’s solid-state lighting division director Roland Chiang said in a statement that it hopes the cooperation with President Chain will further popularize LED light bulbs, boosting the company’s market share.
The new IDG System awards total $4 million, and include installations for manufacturing, pharmaceutical, hospital, and retail operations. The utility infrastructure awards are just over $5 million, and include transmission and distribution projects for oil and gas companies and military bases. The new LED Area Light awards are just under $1 million and include an order from a new utility who has adopted the light to roll out across its utility system.
The awards announced today include approximately $8 million of turnkey projects which will be recognized as the work is performed and the products are shipped, and approximately $2 million of projects which will be recognized under the Company's distributed generation company-owned recurring revenue model. These recurring revenue contracts are for IDG systems for large retail facilities and will be recognized over a five year period starting in 2013.
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