Yiguang has strategically cooperated with Jiangsu Tianmu Solid State Technology Co., Ltd. through 100% equity holding company, and has successfully attacked the LED street lamp market in Jiangsu Province. At present, the cooperation mode is to supply LED package components and modules to Tianmu Solid, and Tianmu Solid is expected to complete 20,000 LED street lights at the sightseeing spot Tianmu Lake before the end of this year, of which 5,000 road lamps have been completed and another 15,000 will be completed. The installation is completed.
There are a total of 3.43 million street lamps in Jiangsu Province, and the overall business opportunity exceeds RMB 6 billion. It is expected that within three to five years, the two companies will jointly achieve a 50% market share. Tianmu Solid was established in 2010, and its current share capital is 30 million US dollars. It has been cooperating with Yiguang Technology for 2 years. The company expects to complete the 20,000-inch LED street lamp installed in Tianmu Lake before the end of this year. The LED components and modules used by it are Billion light supply.
There are a total of 3.43 million street lamps in Jiangsu Province, and the overall business opportunity exceeds RMB 6 billion. It is expected that within three to five years, the two companies will jointly achieve a 50% market share. Tianmu Solid was established in 2010, and its current share capital is 30 million US dollars. It has been cooperating with Yiguang Technology for 2 years. The company expects to complete the 20,000-inch LED street lamp installed in Tianmu Lake before the end of this year. The LED components and modules used by it are Billion light supply.
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