LightLab Sweden AB and Jie Sheng Green (Jiangsu) Co., Ltd., sign a letter of intent
LightLab Sweden AB (“LightLab”), a company that develops affordable, energy efficient and environmentally friendly lighting technology which is free from mercury or other hazardous substances, and Jie Sheng Green (Jiangsu) Co., Ltd. (“Jie Sheng”), a green tech company based in Yixing, Jiangsu Province, China, have signed a letter of intent.
Jie Sheng and LightLab have agreed to investigate the possibility of establishing the production of lighting products based on LightLab’s unique environmentally friendly lighting technology. More specifically, the parties have agreed to explore the possibility of starting pilot production of bulb lamps for general indoor lighting.
“LightLab are developing an environmentally friendly, energy efficient technology for general lighting, which has great potential to replace existing lighting technologies like incandescent and CFLs in China,” says Mr. Xia, Chairman of the Jiangsu Qiangsheng Group, of which Jie Sheng is part. “We are now developing business plans and manufacturing options together with LightLab. Our common objective is to get products to the market during 2013.”
“As an environmental technology company with a focus on high volume general lighting, we take a very positive view of this co-operation with Jie Sheng in the dynamic city of Yixing,” says Jan-Erik Lennefalk, CEO at LightLab.
If you have any questions, please contact:
Jan-Erik Lennefalk, CEO
Mobile: 46 (0) 702 51 91 92
Per Olsson, Investor Relations
Mobile: 46 (0)730 80 49 59
E-mail: per.olsson@lightlab.se
This is LightLab Sweden AB
LightLab Sweden AB (publ), www.lightlab.se, has developed an environmentally friendly energy-saving bulb for general lighting based on field emission and cathode luminescence. It is energy efficient and exhibits good values for colour balance and colour quality. The bulb does not contain any mercury, lead or other substances hazardous to the environment. Research is carried out in Gothenburg and laboratory production, testing and evaluation are carried out by a subsidiary in Taiwan, LightLab Asia. The technology behind the bulb is applicable in a host of other applications, each of which offers considerable potential. LightLab has over 4,000 shareholders. The company's shares are listed on NASDAQ OMX First North. The company’s certified adviser is Erik Penser Bankaktiebolag.