Liard and Indian company sign LED strategic cooperation agreement

On April 10th, Li Jun, Chairman and General Manager of Liard Leyard Optoelectronics Co., Ltd. and DR.Rao, Chairman and General Manager of MIC Electronics Limited (MIC), India, at the National Convention Center of Beijing 2013ComComm China The system industry officially signed a cooperation agreement, and the two sides launched in-depth cooperation on LED strategy development. This move also means that Liard's internationalization strategy has made significant progress.

Liard authorized MIC as the sole distributor of the Indian region, and MIC is solely responsible for the promotion and sales of Liard products in the Indian market. In 2013, the planned sales amount is 10 million US dollars. The two parties agreed to further seek cooperation after the market reached a certain scale. Liard assembled and produced LED display products in India.

If the two parties cooperate smoothly, Liard and MIC plan to invite internationally renowned chip companies in the industry to invest in the production and sales of LED industrial chain products in India.

This contract will open up the business of Liard in the LED display market in India. If 2013, it can realize the sales income of 10 million US dollars (calculated according to the exchange rate of RMB:66.2548 on April 10, 2012, equivalent to RMB 62.548 million). It accounted for 105.68% of the company's overseas sales revenue of 51,918,900 yuan in 2011, which has a great impact on the company's future overseas market development and performance.

It is understood that MIC is India's largest LED display manufacturer and the only LED display listed company, and the company has established 26 years, has a wide marketing network, sales system and throughout India, in the United States, Australia, Dubai and South Africa With offices, it has good marketing ability and commercial credit, and has the ability to fulfill contractual obligations.

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