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COTCO Positioned for Growth in Surging LED Market with New Products, Factory Expansion; 2004 Revenue Increased by 10% with Roll-Out of Breakthrough LED, DORADO.

HONG KONG -- COTCO International, a pioneer in the development and delivery of light emitting diode (LED) products for over 10 years, ended 2004 poised for growth and expansion in the year ahead, building on a 10 percent increase in revenue, strong sales of its new high-powered, one-watt DORADO(TM) LED, and the increasing adoption of solid state lighting products in markets worldwide.

COTCO has emerged as a technology leader in the fast-evolving high-brightness LED market, integrating lighting innovation with unsurpassed engineering to drive new levels of performance and applications for LED products. Ending 2004 with over USD $70 million in revenue, up from USD $60 million in FY2003, COTCO also expanded its factory space in China by 30 percent in the same period.

"COTCO sees tremendous opportunity in the LED market worldwide, and we've taken strategic steps to address the growing demands for LED technology," said COTCO General Manager Richard Sy. "Product and business developments over the past year reinforce COTCO's position as a driving force in LEDs and a company that will continue to lead the way in the development and application of LED technology."

COTCO is one of the leaders in the LED market, which researchers predict will see huge demand in 2005 and beyond. According to research firm Strategies Unlimited, the LED market is expected to grow to USD $4.7 billion in the next three years as high-brightness LEDs are used in a wide variety of applications that benefit from their high-visibility and full color spectrum, energy conservation, longevity, and durability. LED applications are on the rise in various industries, including the automotive, entertainment, signage, retail, advertising, and architecture markets.

A major highlight for COTCO in 2004 was the launch of its one-watt LED DORADO(TM), which broke new ground with design advances that address heat dissipation, lifespan and compact packaging. The DORADO(TM) was approved for a patent and reached full production in mid-2004.

The DORADO(TM) features an exposed pad design, which results in longer lifespan while minimizing over-heat issues commonly caused by high-power LEDs. The DORADO(TM) stands apart from other LEDs because it features a molded lens package design that offers unrivaled consistency and reliability, greatly decreasing vibration and shock failures.

Over the past year, COTCO LEDs were installed in lighting systems around the world in various applications. In Asia, COTCO was appointed as one of the LED component providers for the interior lighting used in the new Sand's Casino Hotel in Macau, China. COTCO LEDs were also installed on the rooftop of Philips Lighting headquarters in Kuala Lumpur, Malaysia.

In the U.S., COTCO LEDs were installed in the Walt Disney El Capitan Theatre marquee in Los Angeles, the world's first three-sided LED theatre moniker, and the Main Street Bridge in Jacksonville, Fla., as part of the 2005 Super Bowl beautification and celebration effort. COTCO LEDs were also an integral part of the newly installed LED visual display in the new PETCO Park baseball field in San Diego, CA.

About COTCO International

COTCO International Limited has pioneered the development and delivery of LED (light emitting diodes) products and technology for modules, lamps, displays and other applications for over 10 years, with manufacturing facilities established since 1982. COTCO has a global network of strategic partners that adhere to the highest standards of trend-setting technology to meet the needs of customers. Selecting all the best materials worldwide, COTCO's innovative and versatile engineering team packages them into high quality LED products that cater to the specific needs of customers for an array of applications, including full color video screens, signage, traffic signals, automotive lighting and specialty lighting. Based in Hong Kong, the company is poised to become a global business leader, taking the lead in the advancement of increasingly important LED technology and products. For more information, please contact the Asia Pacific headquarters in Hong Kong at (852) 2424-8228 or visit at www.cotco.com.
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Publication:Business Wire
Date:Jan 24, 2005
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