the joint venture has been assured with several favorable terms

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Samost is a leading supplier of traffic & signal lights and LED streetlights in headquartered in Henan Province, mainland China. It is noticeable for its retail stores in over 10 provinces in the mainland.

The two companies will work together on the manufacturing and sales according to their respective expertise. Industry insiders pointed out that the joint venture has been assured with several favorable terms such as government-allocated lands and flexible rental rates.

Sponsored by the U.S. Department of Energy (DOE), the Illuminating Engineering Society (IES), and the International Association of Lighting Designers (IALD), NGL was launched in 2008 to promote excellence in the design of energy-efficient LED luminaires for general illumination in commercial lighting applications. The Next Generation Luminaires competition was created to recognize and promote excellence in the design of energy-efficient LED commercial lighting luminaires and increase market acceptance and awareness of LEDs for general illumination lighting.