C
h
ina-based Shanghai Lightsky Optoelectronics Technology Co., Ltd has cooperated with US-based SunSi Energies Inc. ("
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u
nSi"
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on marketing Lightsky’
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LED products in North America.
Lightsky is a leading LED manufacturer for large commercial and institutional users with a strong product portfolio ranging from illumination LED lighting, to LED video display systems and architectural LED lighting.
To acquire these rights to distribute Lightsky's LED products, SunSi paid $750,000 in restricted common stock in return for the exclusive rights in North American territories, including the United States, Canada and Mexico. In order to maintain exclusivity for the five year period and for the automatic renewal periods, SunSi must achieve certain performance milestones.
SunSi plans to capitalize on this enormous market opportunity by leveraging Lightsky's reputation, technology and quality products to penetrate numerous markets it has already identified. SunSi plans to offer a wide range of LED products for large consumer retail chains, commercial office space, warehouses, parking facilities, stadiums and arenas, exterior building facades, airports, and for LED fluorescent replacement lighting.
