Under phase 1 of the agreement, to run from 2008 to 2010, the China Development Bank will provide up to $300 million in financing. Production is expected to begin in the second quarter of 2008 and eventually to produce 6 million laser sources and 2.4 million light engines for cellular phones per year. Phase 2 (2011-2012) will be based on benchmarks achieved duing phase 1.
"Laser technology will be at the heart of next-generation display light sources that will provide consumers with a full range of benefits including access to enhanced spectrum of colors, significantly lower power consumption, larger range of screen sizes and overall product cost savings."
GSL Price at posting:
77.0¢ Sentiment: Hold Disclosure: Held
