State star optical investment in the United States RaySent approved by the Guangdong Provincial Department of Commerce

21, nationstar announced, "investment in the United States RaySent technology company" has made matters of Guangdong Provincial Department of Commerce approved and issued "certificate" for overseas investment enterprises, and the rest of the overseas investment approval report preparation, by the board of directors of the company authorized person responsible for the following concrete matters.

In December 13, 2016, the company and the United States RaySent company (RaySent Technologies, Inc.) (hereinafter referred to as "RaySent") signed the capital increase agreement, the company's own funds of $11 million of capital investment, RaySent technology, RaySent technology has become the company's subsidiary.

In 2016, with a silicon substrate for high power LED chip and related know-how of the main core team members of the establishment of RaySent technology in the United States, which has intellectual property rights and proprietary technology, covering all of the epitaxial growth, chip manufacturing, packaging and other production process of LED.

Through this cooperation, RaySent technology licensing silicon substrate GaN epitaxial technology and unique vertical structure of LED and its derivative structure of intellectual property rights to the company and its subsidiaries, and industrial production by the company and its subsidiaries. After the successful implementation of the above technical cooperation, RaySent technology will open up the market independently, while continuing to focus on the development of other silicon based third generation semiconductor related technologies and products.

Nationstar said the company aims to become the all-round development of LED enterprise, this cooperation is the company to speed up the process of internationalization and globalization is an important step in advancing the implementation of the strategy, but also to implement the important deployment of the innovation strategy, help the company improve the upstream technical strength, promote the company downstream industry chain in equilibrium to do bigger and stronger, forming the advantage of competition; on the other hand, with the development of RaySent technology, the company can achieve better investment prospects for earnings expectations, enhance business expansion ability, enhance the company's industry position, comprehensive strength and ability to open up new fields.

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