SunSi to Distribute Lightsky LEDs in NA
SunSi Energies Inc., an international manufacturer, seller and distributor of renewable energy products and technologies, has acquired the exclusive North American rights to distribute high-performance light emitting diode (LED) products used in a wide array of applications. These products are manufactured by the respected Shanghai Lightsky Optoelectronics Technology Co., Ltd. located in Shanghai, China.
Lightsky is a leading LED manufacturer, serving large commercial and institutional users with a strong product portfolio, ranging from LED architectural lighting to LED video display systems and illumination LED lighting. Lightsky also manufactures products for consumer use. Lightsky has deployed its products in major projects including the Shanghai International Airport, the 2010 Shanghai World Expo, Hong Kong University and Shanghai Metro Station. Lightsky holds a series of design and utility patents, and certificates including ISO9001, CE, Rohs, and other international certifications and qualifications. Lightsky’s high-quality LED products incorporate high-quality diodes combined with proprietary circuitry, electronics and quality assembly, to produce superior products.
SunSi paid $750,000 in restricted common stock in return for the exclusive rights to distribute Lightsky’s LED products in North American territories, including the United States, Canada and Mexico. In order to maintain exclusivity for the 5 year period and for the automatic renewal periods, SunSi must achieve certain performance milestones.
The LED light is considered “green” because of the its long life and an accompanying significant reduction in energy consumption, depending on the application, from 50% to 80% of traditional lighting products. It is estimated by the US Department of Energy that there are over 2.5 billion fixtures in commercial and industrial properties throughout the USA. The replacement cost of these fixtures could exceed one trillion dollars.
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.
Richard St-Julien, Sunsi’s Chairman stated, “We are delighted to further diversify our green and renewable energy business in North America through this new exceptional distribution relationship with a leading world-class LED products manufacturer. Lightsky’s products have a long lifecycle and a high ROI, as they have been proven to substantially reduce energy consumption in large scale and small deployments. This is our second significant transaction in 2012 and is only the beginning of our expansion process. We have other significant synergistic opportunities that we are working on and expect to consummate before the end of 2012.”
About SunSi Energies Inc.
SunSi is a global company whose products and solutions focus on renewable energy and now, energy efficiency.
Via its majority-owned subsidiaries in China, Wendeng and ZBC Baokai, SunSi is a major producer and distributor of Trichlorosilane (TCS), a chemical used in the production of polysilicon-based solar panels. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. SunSi currently controls 55,000 MT (metric tons) of annual TCS production in China and sells it to some of the largest polysilicon companies in the world.
Through its majority stake in US-based TransPacific Energy, Inc. (TPE), SunSi offers a unique product that maximizes heat recovery and converts waste heat directly from industrial processes. The company builds, sells, and operates a proprietary and modular product known as Organic Rankine Cycle (ORC), which offers what may be the most efficient and broadly applicable waste heat capture and energy conversion systems available in the market.