using government subsidies as seed money

Targeting to help revive an economy struggling with persistent deflation and a rising yen by creating jobs through green and other potential growth industries, Japan has injected $6.4 billion on led high bay light projects across the country over the next 15 months, using government subsidies as seed money and ranging from production of low-emitting cars, lithium-ion batteries, LED lighting and solar panels to energy-saving electrical appliances.

In the LED lighting devices, Bright LED planed to ship about 50,000 units in 2011, from 25,000 units for 2010. Recently, the company had opened ten sales outlets for LED lighting devices, and would introduce new commercial lighting products soon.The market pointed out, LED lighting revenues would account for above 20% of the company’s revenues in 2011 from 8-10% in 2010. Meanwhile, the company expected overall revenues jumped another 30% on year in 2011 on the strength of China's LED lighting market and rising shipments for TV backlight applications.

Recently, Chicony Electronics’ wholly owned subsidiary, Chicony Power Technology had shipped LED lighting device to Clevo's China retail subsidiary Buynow, which adopted into its shopping malls as well as LED Linear high bay light partially invested Chicony department stores.It’s said that Chicony Power’s LED lighting products would emphasized the consumer and enterprise market in china. The company was expected to be list on Taiwan Stock Exchange (TSE) within the next 1-2 years.