expand demand as prices of LED lighting products continue to drop

The Institute for Information Industry (LED high bay light) pointed out that these standards are expected to improve the efficiency of lighting management, improve safety during nighttime activities, create energy-saving and a smart lighting environment, and explore high value-added business opportunities worldwide.

The institute said that the five sets of standards for Taiwan's LED lighting products were approved by Taiwan's six major lighting associations after consultations.

The institute believes that it will be a good time for Taiwan's LED industry to cement its competitiveness and expand demand as prices of LED lighting products continue to drop.

Huga executives stressed integration of the two companies rather than merger in the deal. They noted that if Huga became a defunct company after the deal, its partnership contract with led high bay lighting would be abandoned. On the other hand, as Epistar wholly owns Huga, the two companies’ entry into the United States market would not be considered practicing fixing prices.