(Translator: Janet Chen, Translator and Editor, TrendForce)

Taiwanese LED manufacturer Harvatek's revenue growth was incremental during first half of 2016. However, following its success in LED thread technology, the company intends to supply related products to the market by second half of 2016, resulting in turn around of its financial performance.

According to Harvatek's financial report for first quarter of 2016, loss before tax reached NT $80.49 million. The net loss came to NT $71.39 million.

The market has paid attention to a joint venture of Harvatek and Taiwan Textile Research Institute (TTRI). Its major product is smart-and-functional clothing. Harvatek and the joint ventureco-developed LED thread by integrating LED chips into textiles. By using automated manufacturing equipment made by Taiwanese LED manufacturer YoungTek, Harvatek bonded LED chips onto the thread with surface mount devices (SMD) method. The LED functional clothing clothing has passed TTRI textile tests, enduring 30 times of washes without damages, and is forecasted to enter the mass production phase by second half of 2016.

These series of LED textile composite materials can be made into functional clothing, pets' clothing, and necklaces. Through Taiwanese manufacturers supply chain, samples were sent to international tier-one sports brand vendors. Despite further observations required for the product lines' future market visibility, their shipment quantity will surely rise in second half of 2016.