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| Exchange Disseminated Time | Fiem Industries Ltd has informed BSE that the Company has signed a MoU for Technical Collaboration with BrightLite Systems Pte Ltd, Singapore.
BrightLite Systems Pte Ltd, Singapore is a highly reputed Company engaged in Research of advanced solutions in LED Lighting with the support of Singapore Government and hold worldwide patent in advanced LED Technology product(s). It has a successful track record of many years for supplying LED Luminaries such as LED Street Light, LED Flood Lights etc. on worldwide basis.
Under this Technical Collaboration, Company will manufacture first time in India, hand removable LED Modules of various wattages to be used in In-door as well as Out-door applications.
Further, BrightLite will provide full technical support, including Testing & Product Validation for LED Home Lighting, LED Solar Street Lighting and all other In-door and Out-door LED Products of the Company, which will enable Fiem to introduce next generation LED Technology products in Indian market.
Management strongly believes that diversification in LED Products with Technical Collaboration with BrightLite, Singapore will give a quantum leap to the Company and will substantially contribute in the growth of the Company. |
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