Samsung Signs MoU with Chinese LED Giant ETi - Energy Watch News


Samsung Signs MoU with Chinese LED Giant ETi

Chinese LED manufacturer, Elec-Tech International (H.K) Co, Ltd, recently signed a MoU with South Korea’s Samsung Electronics in Shenzhen, China. ETi sells most of its products, including LED panel lights, downlights, and LED tubes, to North America. In addition, it is also dedicated to developing outdoor lighting products such as LED high bay lighting fixtures. By signing a MoU, Samsung will be able to leverage ETi’s technology and market share. On the other hand, ETi will benefit from Samsung LED’s brand strength and patent protection. Jointly they can continue to develop innovative LED lighting products and solutions that are in line with global trend. LEDinside estimates that by collaborating with Chinese LED giant, Samsung will probably play a different but still important role in global LED component market and LED lighting market. http://www.ledinside.com/news/2017/3/samsung_signs_mou_with_chinese_led_giant_eti

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