Edison Debuts on the Taiwan Stock Exchange
Nov 16, 2010 Edison Opto Corp. debuts its first public offering on the main board of the Taiwan Stock Exchange at the price of NT$108 On Nov. 12.
Edison has made a great leap on sales growth over the past several years, with sales jumping 70% year on year to reach NT$1.702 billion in 2009.Then, its first three quarters of 2010 sales grew 90% year-on-year and it expected the annual total to reach NT$2.35 billion. And the company believed its annual sales will break the NT$10 billion mark in the years to come based on the increased demand for LED lighting.
Currently, Edison sees 73.3% of sales from the LED lighting. Edison president C.J. Wu said his company adopts a unique LDMS (lighting design manufacturing service) business model with major competitors such as Cree, Osram and Lumileds.
In addition, Edison was recently chosen by Forbes Magazine as one of Asia`s best 200 enterprises.
Author: BIO T&T
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