Date Announced: 06 Jun 2010 Everlight Electronics, one of the world's leading LED packaging companies today announced a Joint Venture for a new LED packaging company in WeJiang City, JiangSu Province, China with LG Display, a leading innovator of TFT-LCD technology, and AmTRAN Technology, a display manufacturer specializing in computer monitors and flat-panel televisions.The three companies aim at pooling together their respective strengths to benefit from each others' advantages – Everlight's extensive and long-term LED packaging know-how and management expertise within the LED industry; LG Display's expertise as a world leading manufacturer of LCD display technology and products; and, AmTRAN's R&D and manufacturing experience in flat-panel TV – and share resources to rapidly provide state-of-the-art LED for the expanding LED-backlit TV market.The new company is planned to start operations and mass production in the year's end with a capitalization of USD$ 30 million. Everlight is widely recognized as the technology leader in LED packaging. The joint venture confirms Everlight's importance to the fast growing LED backlight market.About Everlight Electronics Co. Ltd. Everlight Electronics Co., Ltd. [TSE:2393] was founded in 1983 in Taipei, Taiwan. Playing a critical role in the formation of the global LED industry, the company is rapidly ascending to become a leading supplier due to its dedication to certification, R&D, production, quality, marketing and global customer service. Everlight provides a diverse product portfolio consisting of High Power LEDs, Lamps, SMD LEDs, LED Lighting Modules, Digital Displays, Optocouplers and Infrared Components for various applications. Today, Everlight is a global company with over 6,400 employees based in China, Hong Kong, Japan, Korea, Singapore, Malaysia, India, Germany, Sweden, U.S., and Canada. About LG Display Co, Ltd.LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, mobile products and other various applications. LG Display currently operates eight fabrication facilities and five back-end assembly facilities in Korea, China and Poland. The company has a total of 35,000 employees operating worldwide. Please visit www.lgdisplay.com for more information. About AmTran TechnologyEstablished in August 1994, Taipei-based display ODM/OEM company AmTRAN specializes in computer monitors and flat-panel televisions and today makes annual revenue of about 2 billion US$. AmTRAN's goal is to create and to build state-of-the-art products with the most competitive prices without compromising the quality or our customer's brand image. Please visit us at www.amtran.com.tw.
Contact
Beate Jungwirth Everlight Electronics T: +886 2 2267 2000 Ext: 5567
E-mail:[email protected]
Web Site:www.everlight.com
