On January 15th, Shanghai Wellmax Lighting Industry (WELLMAX) signed a strategic partnership agreement with Jiangsu Prajna Electronic Industry (BORE) in Shanghai. BORE’s collaboration with WELLMAX mainly focuses on the development of LED filament bulbs. 

ISO14001 qualified manufacturing floor with skilled workers (Image: WELLMAX)

LED filament bulb has been demonstrating great market potential worldwide in recent years. In 2017, the market size of LED filament bulb is projected to surpass 300 million bulbs, with a 100% YoY growth. By 2018, its market size will soar to 600 million, estimated by Epistar.

One of the crucial LED filament patents involves the technique of adhering several LED chips onto a transparent substrate. Epistar is one of the earliest to develop and acquire the original patents of this key technology in U.S., Europe, China, and Taiwan, solidifying its dominant position in the LED filament sector.

The two companies discussing the future collaboration after the signing ceremony (Image: WELLMAX)

WELLMAX’s CEO Yamin Wang remarked on the signing ceremony: “Through cooperating with BORE, WELLMAX will be able to include high quality LED filament bulbs in our product lines.” BORE’s CEO Lewis Lu said: “The companies that are serious about proprietary technology and have missions to create added values to clients will go further in the market. WELLMAX is just this kind of company that we want to work with; we will fully support WELLMAX on product R&D, and collaboratively develop competitive solutions with premium quality.”

The partnership will add another pair of strong wings to WELLMAX’s R&D capability and supply chain integration ability, signifying its industrial leading position as the LED Bulb Expert. In 2018, WELLMAX will introduce a series of LED filament bulbs of WELLMAX’s innovative product solutions. Additional new product series will be released on the March Light+Building exhibition.