LED media lighting industry giant was acquired

Vitec announced that it has acquired LitepanELs's assets and operations. The initial consideration will be paid in cash of $14 million 500 thousand, and the deferred consideration will be calculated in terms of future profits.

Litepanels, located in the north of Hollywood in California, has developed a series of TV LED and stand lighting systems with a strong patent behind it, and has been recognized in recent years in lighting and professional broadcasting. Vitec says Litepanels is a leader in the media lighting industry. Litepanels products can be used in a specific area and studio environment, including the White House briefing room. LED light is very attractive, especially in the studio and film applications, this is because the traditional light source more power and heat conversion, as more people began to use this technology, LED industry is expected to grow rapidly.

2007, Litepanels audited and adjusted income and pre tax profits were $5 million 800 thousand and $1 million 300 thousand. 2008 in the first half unaudited revenues of $5 million. 2008-2011 potential profitability of up to $50 million per year. Prior to the price plus the cumulative benefit of 5 times EBIT (ie EBIT).

The first full LED TV News Studio

Litepanels announced in March 2008, Florida CBSaffiliateWPEC became the world's first television news studio 100% with LED lighting TV station. The TV station uses Litepanels 1x1 feet, 5600K spotlights, both to enjoy the comfort of the HD and reduce the power consumption of the lamp itself and studio temperature. Despite the fact that the larger set of LitepanelsLED spotlights must illuminate more places, the actual power consumption is reduced from 52kW to LitepanelsLED of the 3kW. Similar results are also shown in the studio air conditioning. WPEC engineering director said, Litepanels promised to save electricity is true. It is realized from two aspects: the first is the power savings of the light itself; the second is that the original tungsten lamp heating is the consumption of air-conditioning power is saved.

When it comes to switching to high definition news, it has to face the challenge of offering a higher 16:9 coverage ratio. Lighting must also work for studio second news studio, so that radio stations can provide news coverage for WestPalmBeachFOXaffiliateWFLX.

And energy savings are not at the expense of the quality of the TV picture, when the 64 LED lights are lit, high quality is very clear.

Source: vecuronium electronic market