We expect a strong revenue stream from these partnerships

In conjunction with the signing ceremony with the Japanese partners, MyLED Opto also signed three new Memorandum of Understanding (MoUs) for the supply of its LED lights. The MoUs partners are Koperasi 1Malaysia Berhad, Awam Saujana Sdn Bhd, and a consortium comprising Poscti Sdn Bhd, Top IT Industries Sdn Bhd and Crestronics (M) Sdn Bhd respectively.

Earlier, on 18 July 2012, MyLED Opto had inked a similar tripartite MoU with Mofaz Direct SA Sdn Bhd and Amprex International Sdn Bhd respectively.

“We expect a strong revenue stream from these partnerships. Our LED lighting will be installed in various projects across Malaysia including the international universities located in Taman IImu, Terengganu,” Lai said

He also announced that on 20 September 2012, MyLED Opto has signed a joint venture agreement with Crestronics (M) Sdn Bhd, a subsidiary of BSL Corporation Bhd and Hightech Factory Automation (M) Sdn Bhd to establish a joint venture company known as Crestronics Greentech Sdn Bhd.