Exclusive LED Lighting Agreement in Japan
May 25 2010 - 8:00AM
RNS Non-Regulatory
TIDMNTY
Network Technology PLC
25 May 2010
?
Ringdale Signs Exclusive LED Lighting Agreement in Japan
Agreement Accelerates Ringdale's LED Lighting Business in Japan
Austin, TX and Tokyo, May 25, 2010- Ringdale , Inc., a global leader in the
development of energy efficient, intelligent commercial LED lighting fixtures,
today announced the signing of an exclusive licensing, manufacturing and
distribution agreement for the region of Japan with Sojitz Systems Corp. The
Sojitz Corporation is a highly respected holding company with over $50 billion
in revenues and a very strong market position in Japan.
Sojitz manufactured lighting fixtures for streets, parking structures,
billboards, building exteriors, warehouses, offices, retail spaces, parks and
restaurants will be based on Ringdale's ActiveLED(TM) technology. The solid
state fixtures deliver better illumination and use 50-95% less energy than
conventional lighting sources such as incandescent, CFL, FL, HID, HPS and LED
bulb replacements.
"In our search for financially strong and technologically capable partners in
the major regions of the world we found Sojitz to be a very good match in terms
of access to the Japanese market and their ability to manufacture in the
region," said Klaus Bollmann, CEO and Chief Scientist, Ringdale. "The agreement
benefits both companies and provides us with immediate access to Japan's
multi-billion dollar, fast-growing market for energy-efficient LED lighting."
"After detailed market research in the US and Japan, we selected Ringdale's
ActiveLED product line," said Kazunori Obata, President, Sojitz Systems
Corporation. "ActiveLED luminaires use less energy, operate cooler, last longer
and depreciate significantly less over time. This gives our ActiveLED-based
product line a distinct market advantage."
"The partnership is a perfect fit," according to Stephen Maysonave, technology
consultant at Ringdale. "Ringdale has designed a premiere line of commercial LED
lighting fixtures and Sojitz has a focus on quality and complete access to the
Japanese market."
Ringdale developed the ActiveLED lighting fixtures to meet the stringent
requirements of enterprise customers who are focused on replacing older,
inefficient lighting sources or outfitting new construction projects with energy
efficient, longer-lasting, low- or no-maintenance LED-based fixtures.
About Ringdale
Ringdale focuses on helping organizations incorporate "green savings" into their
business environments. Ringdale provides ActiveLED(TM) luminaires with patented,
solid-state lighting control and thermal management technology as well as a wide
range of secure document output management, access control and document workflow
solutions. Ringdale Inc. is based in the United States with offices in UK,
France, Germany, Japan and Singapore and is part of the Network Technology PLC
Group of Companies (NTY) listed on the London Stock Exchange. Visit Ringdale at
www.ringdale.com/lighting.
About Sojitz
Sojitz Systems Corp. is a subsidiary company of Sojitz Corporation. The Sojitz
Corporation is a Japan-based holding company comprised of 522 companies,
including 147 subsidiaries and affiliates in Japan and 375 overseas. Sojitz has
initiated its environmental and new energy efforts under a management plan
called "Shine 2011." Visit Sojitz at www.sojitz-sys.com/eng.
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Ringdale and ActiveLED(TM) are trademarks or registered trademarks of Ringdale
Inc.
For further information please contact:
Susan Vaughan
Ringdale, Inc.
Tel: 512 288 9080
This information is provided by RNS
The company news service from the London Stock Exchange
END
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