Tianlong Optoelectronics released the announcement on “Development of LED MOCVD Equipment Development of Holding Subsidiaries†on January 11, 2012, disclosing that “Jiangsu Zhonghao has completed the first equipment in the wholly-owned research and development subsidiary Zhonghao Optoelectronic Equipment (Shanghai) Co., Ltd. Pilot installation and commissioning, from February 2012, Jiangsu Zhonghao will enter the process evaluation and development of the pilot plant and the development of the epitaxial process, and it is expected that “the MOCVD equipment will enter the downstream before February 2013â€. Customer installed."
Tianlong Optoelectronics said that the current process evaluation of the equipment and the development of the epitaxial process have achieved significant phase results, and the process technology has reached the customer assessment requirements. On this basis, Jiangsu Zhonghao signed a equipment sales contract with a customer for the first time through a wholly-owned subsidiary Zhonghao Optoelectronic Equipment (Shanghai) Co., Ltd. on September 11, 2012, and the agreement will be before November 30, 2012. The client starts the device installation and testing.
There are certain risks involved in the implementation of the above-mentioned progress, including the risk of contract execution, the level of equipment technology and the level of craftsmanship. At the same time, the performance of the above contracts will not be able to confirm revenue in 2012.
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