ann out , page-17

Getting worried there for a while ;)

Arasor, ZTE Corp in JV to develop laser applications
10:13, Thursday, 15 November 2007

Sydney - Thursday - November 15: (RWE Aust Business News) -
Arasor (ASX:ARR) has entered a $US300 million joint venture with ZTE Corp
to develop and manufacture laser display applications for the global
market place.
Arasor and ZTE have established the JV for commercialising a wide
range of laser based display products for application in TVS, projectors
and mobile displays including cellular phones, PDAs and notebooks.
Arasor will own 51pc of the JV.
Under phase 1 of the JV, to run from 2008 to 2010, the China
Development Bank will finance up to $US300m.
Production is expected to start in H208, ramping up over time to
produce 6m laser sources and 2.4m light engines for cellular phones per
annum.
The phase 2, from 2011-12, planning has commenced and will be
based upon key benchmarks achieved in phase 1.