SFT Lighting and CREE Sign Strategic Cooperation Agreement
Nov 17, 2010 At SFT Lighting’s “Intelligent Control LED light source” press conference held at the Shanghai New International Expo Centre (SNIEC) on November 9, 2010, SFT Lighting and CREE officially signed the first order of high power LED chips in the amount of RMB 100 million (~USD 15 million, at 1 USD = 6.64 CNY).
At the signing ceremony, Jie Shi, President of SFT Lighting, and Guoqing Tang, Business Development General Manager, CREE PRC, both expressed upon signing the agreement that they hope to foster closer and more extensive bilateral cooperation in order to accelerate the adoption of energy-efficient LED light source and contribute to reducing greenhouse gas emissions.
CREE looks forward to a mutually beneficial cooperation with SFT Lighting in providing the best performance high-power LED products and services to the market, while SFT Lighting gains high-performance product technical support for its LED light source.
Author: BIO T&T
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