MyLED Opto Technology, a LED and solid state lighting (SSL) manufacturer based in Melaka, Malaysia, has signed contracts with two Japanese-owned companies, Kirutorisu Tech Sdn Bhd and ATOTIS Co., Ltd. to supply LED lighting to vending machines in Japan. These contracts will enable MyLED Optoto to penetrate into the Japanese LED market.
 
According to the Japan Vending Machine Manufacturers Association (JVMA, May 2012), Japan has over five million vending machines in 2011, generating about USD67 billion in revenue. JVMA also said that the country has one of the world's highest vending machine densities with one machine per an estimated 23 people.
 
MyLED Opto’s Chief Executive Officer, Mr Jetson Lai said, “We thank Kirutorisu Tech and ATOTIS for their confidence in the quality of our products. 
 
“Our Japanese partners have estimated that based on their monthly orders of 300,000 units of LED lights, the estimated accumulated order value will be in the range of RM800 million over the next five years (2013-2018), given the high number of vending machines and the strict LED lighting replacement policy in Japan.
 
“With these orders, the land of the rising sun has become our biggest overseas market.”
 
He also said, “With these contracts signed today, our monthly production is expected to increase significantly from 30,000 units to 100,000 units by the end of 2012 and gradually to 300,000 units thereafter.”
 
In addition, MyLED Opto plans to diversify upstream and commence the production of LED components in the second quarter of 2013. It plans to produce 10 million pieces of LED components per month to cater to the rising demand for its SSL.
 
“With our continuous R&D efforts in design and manufacturing processes, we expect to bring prices down substantially and attract more buyers. This will also enable us to compete with the Chinese manufacturers in terms of pricing in China and worldwide. 
 
“However, we remained focus on quality, and will continue to offer German quality LED lighting with up to five years warranty,” he added.