Maoshuo Power Co. signed a strategic supply agreement with OPT

Maoshuo Power announced that the company signed a strategic cooperation agreement with Closed Join Stock Co-operation Optogan on July 2, 2013. The specific cooperation projects still need to be negotiated and signed by both parties. Can you cooperate with OPT company on specific projects in the future? There is still some uncertainty in the agreement.

OPT Company regards Maoshuo as the primary and main supplier of power supply, and the preferred power supply project is Maoshuo; Maoshuo has set up a professional project team, professional engineers, full-time quality inspection personnel to be responsible for OPT's product sampling and quality inspection; Maoshuo provides OPT company Optimal strategic cooperation price and optimal coordination and support in power supply improvement and certification.

As the first brand of LED driving power supply in China, Maoshuo Power is the biggest beneficiary of LED lighting promotion. More than 90% of the 20 companies that have been selected by the three ministries to tender LED street lights and tunnel lights are customers of the company. The downstream customers will not easily change suppliers. At present, the company's LED business gross margin remains at a high level of 33%.

Since 2013, the LED industry has quietly recovered. The total number of LED street lamps in Guangdong Province was 75,000 baht in 2012. In 2013, only the first quarter of streetlights and tunnel lights were tendered to 76,000 baht. The popularity of global LED street lamps is also accelerating in the next few years. As a leading manufacturer of high-power LED street lamp driving power, Moso Power will benefit the most.

Founded in 2004, OPT is a well-known luminaire manufacturer and one of the world's leading manufacturers of high-brightness LEDs, including solid-state lighting, vertically integrated luminaire manufacturing and competitive, innovative, high-performance, low-cost The LED research and development program covers various fields such as office, home, industrial and outdoor applications. OPT has a strong cultural environment and a good management mechanism.

This agreement is a framework agreement for cooperation between the two parties. It does not involve the specific sales quantity and the target amount. The audited transaction amount of the company in 2012 and OPT is 7.67 million yuan, accounting for 1.39% of the 2012 operating income; 2013 The transaction amount as of May 31 was 5.45 million yuan (unaudited), accounting for 2.50% of the operating income (unaudited) as of May 31. The specific transaction amount for the whole year of 2013 is still uncertain.