the repurchased shares will be transferred to its employees as an incentive to encourage them to work harder

Current products include replacements for the led high bay light popular 60W light bulbs, which are sold under the LEDS America brand name LED-O.

A 6W LED-O is capable of replacing the lumens output equivalent to a 60W standard bulb, to save 90% of the energy used currently. In particular, the features will save 50% energy compared to a CFL, while emitting no UV light and containing no mercury.

Epistar announced Wednesday it would buy back 10 million shares from the open market at a range of NT$51 to NT$76 between Dec. 29 and Feb. 28, 2012. The company said the repurchased shares will be transferred to its employees as an incentive to encourage them to work harder.

As the company has received rush orders and hoped its bottom line would be boosted accordingly for the fourth quarter of this year, other LED makers also steamed ahead amid improved sentiment toward their earnings outlook.