Lite-On projects increased LED sales in 2012

Lite-On has estimated a dramatic increase in sales this year due to a new contract and partnership agreements.

Lite-On Technology Corp., a manufacturer of LED lighting products based in Taiwan, has signed a partnership agreement with six lighting manufacturers and expects increased revenues for 2012 over 2011.

Due largely to the new contract, the company’s CEO, K.C. Terng, has estimated that its LED lighting product sales have experienced double-digit growth from the 20-million-module-per-month level in 2011.

Terng has reported that the worst days for the LED industry have gone and the industry will perform better in the new year, whether in the LED lighting sector or the back light sector.

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