An optoelectronic sign 450 million yuan sales contract producing LED lamp products

Sanan Optoelectronics (600703) announcement, the company signed a "contract sales of LED products used in urban and Rural Construction Committee in December 4th this year and Huainan city". According to the contract, confirmed by the Huainan municipal and Rural Construction Committee, high power LED lamp products design and production, meet the procurement needs of urban and Rural Construction Committee of Huainan City, Huainan city and Rural Construction Committee decided to purchase high-power LED lamps from the company, specifications for the 90W-200W, the total amount of 450 million yuan, in 2011, 2012, 2013 each year to purchase 150 million yuan.

The company also announced that the company and the United States EMCORE Corporation and Wuhu Municipal People's government negotiated termination "on the ground with high concentrating solar power systems and components of the project investment cooperation agreement". The company said the termination of the agreement because the project site is not yet ready to cooperate with the construction site conditions.

The joint venture will be rebuilt in Anhui, Huainan. The company said, the company passed the Corporation and EMCORE company intends to sign "on the ground with high concentrating solar power systems and components of the project investment cooperation agreement" with the Anhui Provincial People's Government of Huainan city bill. According to the agreement, the Huainan Municipal People's government to provide the project of industrial land less than 1600 acres to the joint venture company, two for; the project planning and construction scale of annual output of 1000MW PV systems and components, a total investment of 8 billion yuan, the construction period is 5 years, the construction in three phases. First, to build an annual output of PV systems and components of the 200MW production line, for completion by the end of 2011; second, the new annual output of PV systems and components of the 300MW production line, for completion by the end of 2013; third, the new annual output of PV systems and components of the 500MW production line, for completion by the end of 2015.

In addition, the Huainan Municipal People's government decided to give a series of preferential policies of the joint venture company, one phase of the project from the joint venture started within 3 working days, the Huainan Municipal People's government appointed to the joint venture company in Huainan account payment of financial subsidy payments 500 million yuan, subsidies to the joint venture company to buy related production equipment, at the same time, to be the joint venture company production, limited to the total number of 1000MW, according to the product sales per 1W 1.4 yuan subsidy.