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HONG KONG, Nov 28, 2017 - (ACN Newswire) - Heeding the rising demand for LED decorative lighting product, Bortex Global Limited ("Bortex") (the "Group", Stock code: 8118), a developing manufacturer and exporter of LED lighting products, will strengthen its product development capability that it may expand its product portfolio and by implementing stringent quality assurance measures push to secure a larger market share. The Group principally engages in the manufacturing and sale of quality LED lighting products to customers in North America, Europe and Asia Pacific and operates a production plant in Dongguan, Guangdong Province, the PRC.
With over 10 years of operation in the LED lighting product industry, leveraging on the management's industry knowledge and experience, the Group has successfully developed its product development capability. Its product development team is able to transform product concepts into commercially marketable LED lighting products efficiently and effectively with the requisite expertise and experience. As at 23 October 2017, the Group had nine utility model patents and one invention patent in the PRC, one patent in the United States and one patent in Canada. In 2016, the Group's quality management system was assessed and certified by Beijing East Allreach Certification Center as having met the requirements for ISO 9001:2008 accreditation. Boosting varied and flexible product development capabilities the Group is able to produce quality products that can meet the requirements of customers and to remain competitive in the LED lighting product industry.
The Group's LED lighting products are broadly classified into two major series: LED decorative lighting series for festive decorations and LED luminaire lighting series mainly for indoor lighting. According to a Ipsos Report, between 2017 and 2021, the total revenue of the LED indoor lighting manufacturing industry in China is expected to increase consistently at a CAGR of approximately 16.9%, which is faster than the about 9.1% of the Christmas lighting manufacturing industry in China. Given that more and more customers have been drawn to the Group by its competitive advantages in manufacturing LED luminaire lighting products, the Group has shifted production from LED decorative lighting products to LED luminaire lighting products, and consequently it was able to derive a significant amount of revenue for the two years ended 30 April 2017. The Group was listed on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited on 16 November, 2017. It will use approximately 5% of the net proceeds from listing (approximately HK$2.4 million) to expand its product portfolio and strengthen product development capability by including recruiting design and experienced technical personnel and filing application for patents. The Group expects such moves to facilitate business development, enabling it to expand product portfolio to meet customers' requirements and respond quickly to any change in customer preferences, thereby ultimately gain a larger market share.
About Bortex Global Limited
Bortex Global Limited (the "Group", Stock code: 8118) is a developing manufacturer and exporter of LED lighting products listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited on 16 November, 2017 with a production plant located in Dongguan, Guangdong Province, the PRC. The Group principally engages in the manufacturing and sale of quality LED lighting products to its customers in North America, Europe and Asia Pacific. With over 10 years of operations in the LED lighting product industry, the Group offers a range of LED lighting product series with different designs and features and is able to handle one-stop production process by offering prototyping, sampling, manufacturing, assembling, and packaging of LED lighting products in accordance with the specification of its customers on a mix of ODM and OEM bases.
Topic: Press release summary
Source: Bortex Global Limited
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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