AUTEV AG
AUTEV AG: Cooperation agreement for production, distribution and development – International market entry for AuLED lights from Brandenburg –
AUTEV AG / Key word(s): Miscellaneous 31.05.2011 / 20:00 (Brandenburg an der Havel, May 31, 2011) In April 2011 AUTEV AG, based in Brandenburg an der Havel, Germany, signed a cooperation agreement with Vinic Co. Ltd., based in Bangkok, Thailand, regarding production and marketing of AuLED lights. Vinic is one of the market leaders for indoor and outdoor lighting in Southeast Asia. This contract provides AUTEV with both the market entry in the Asian market, and the exploitation of the Vinic distribution network for own and future generations of LED lights in the USA, Australia, New Zealand, Middle East, Great Britain and other countries in Northern Europe. For joint LED products, AUTEV will deliver all the internal components to Thailand; while Vinic produces the casings, and assembles packages and delivers the lights. Products will be marketed under the Vinic brand in Thailand and elsewhere under the AuLED brand. European distribution rights remain solely and completely with AUTEV. Also, R&D for new products, based on AuLED technology, is planned with AUTEV engineers on-site, within the framework of the cooperation agreement. AUTEV proves the tangible, economic benefits of its future-oriented AuLED technology: energy reduction of minimum 40 %, more than 50,000 hours operating time with minimized maintenance cost and an amortization period of approximately two years; as well as the environmental benefits from these lights, as they are free of heavy metals, minimize nitrous gases and are 100 % recyclable. As a result, the company considers itself to be perfectly positioned for the international competition. 'Two factors have been critical during the decision-making-progress for Vinic as a cooperation partner; on the one hand, the company already has 21 years of experience in the lighting industry and has achieved considerable growth. On the other hand, Vinic products assure conformity with current German DIN/VDE- and European EN standards and certifications', explains Tim David, member of the board of AUTEV. Vinic is also looking forward to success and continued growth as a result of the cooperation. President Vichien Nithascharukul emphasizes: 'Together with AUTEV, we can serve the growing demand for LED lights, simultaneously benefitting from the innovative AuLED technology while setting new benchmarks in the lighting industry. Products 'made in Germany' are also a respected sign of quality in Thailand. About Vinic Co. Ltd. Vinic develops and produces modern lights for indoor and outdoor lighting, and markets them internationally. The company delivers products to Australia, New Zealand, USA, as well as various Arabian countries and Northern Europe. Already in 2003 Vinic's quality management was certified by TÜV Rheinland Berlin Brandenburg in accordance with ISO-Norm DIN EN ISO 9001:2000. Due to extensive growth, Vinic expanded its production capacity and built a new production facility with more than 22,000 m² production area in 2007. Additional information about VINIC Co Ltd. can be found at http://www.vinic-lighting.com/ About AUTEV AG Over the years, the AUTEV AG has developed into an efficient and internationally operating engineering and service company. Additionally, the company is striving to achieve technology and market leadership in new fields of business. As a result the company successfully entered the market for energy efficient and CO2 reducing lighting technology. Following two years of research, the AUTEV AG successfully introduced AuLED into the market. AuLED is an innovative and energy saving lamp for streets and industrial buildings, based on ultra-modern LED technology, which is already currently being widely used. Additional information about AUTEV AG can be found at www.autev.de AUTEV AG Carl-Reichstein-Str. 6 D-14770 Brandenburg a.d.H. Tel: +49 (0)3381 80 43 630 Fax: +49 (0)3381 80 43 635 E-Mail: info@autev.de End of Corporate News --------------------------------------------------------------------- 31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 127053 31.05.2011
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