Opto Tech Secured LED Streetlight Order from Guangzhou, China

Opto Tech Corp., a Taiwan-based LED manufacturer, has recently won the order to supply over 30,000 LED (light emitting diode) streetlights for the LED streetlight project in Guangzhou, China.

As part of its energy-saving program, China is to install over 1.4 million streetlights nationwide by the end of 2009, which will cost an estimated RMB 20 billion. (US$2.9 billion at US$1:RMB6.7).

Opto Tech will begin the shipment of the LED lights some time in the second half of this year, with the order estimated by industry watchers to total over NT$600 million (US$18 million at US$1:NT$33).

The company’s success in the bidding largely owns to its good reputation in China’s LED signage market, industry executives said.

The company said it would compete for streetlight contracts from local governments in southern and northern China in the second half this year.

Industry watchers estimate China’s market for LED streetlights to increase by 79% in 2010 to 2.5 million units, representing over half of the global market for the lights.

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