Taipei, April 25, 2012 (CENS)--Epistar Chairman B.J. Lee yesterday said that sales from lighting LEDs will likely account for 20%, or NT$4 billion (US$137 million at US$1:NT$29), of the company's revenue for this year, up from last year's 15%.
Lee made the bright forecast based on approximately NT$850 million (US$29 million) worth of orders the company has secured so far this year from European and American providers of lighting projects. He said the company has won the lucrative orders due mainly to its success in developing strong presence in the LED lighting sector over the past two years.
While insisting on not branching into lighting-fixture sector, Taiwan's No.1 LED epi-wafer maker has been vigorously promoting its “EPISTAR Inside” profile, a strategy presumably aimed at the lighting market.
While shipping LED packages it co-produces with packagers to European and American lighting manufacturers, the company has set up joint ventures with lighting manufacturers in mainland China to ensure contracts for its chips. In America and Europe, the company has shipped the packages it co-produces with packagers to brand name suppliers with no in-house factories, such as Wal-Mart and Costco.
Lee pointed out that the company's chips have impressed lighting-project suppliers with their excellent efficacy performance. He estimated the company's orders from lighting project market will see double-digit growth in each of next few years.
Lee estimated the NT$850 million worth of orders secured by the company to bring multiplied revenue of NT$2 billion (US$68 million).
(by Ken Liu)