Diguang International Development Co., Ltd., manufacturing company located in Shenzhen and having its sales and marketing subsidiary registered in the British Virgin Islands, announced on September 24 that its subsidiary Shenzhen Diguang Electronics Co., Ltd. entered into an agreement with the Information Industry Department of Guangdong Province, under the terms of which it will receive specially allocated funds amounting for research, development and commercialization of a new super-slim LED backlight.
Under the terms of the new agreement, Diguang International will receive specially allocated funds amounting to 5 mln RMB, which will be provided in installments in 2008 and 2009, under a provincial program “Financial Support Project for the Development of the Flat Panel Display Industry in Guangdong Province”, the project which is estimated to reach the short-production stage by August 2010. The users of the LED backlight are expected to include LCD module makers and notebook and television display producers.
Song Yi, Company’s President and CEO, welcomed the support of the Guangdong provincial government, and commented that Diguang has been researching and engineering super-slim LED backlight solutions. He said that the company is building optimal value and commercial potential into the new backlight, which will not only promote the development of LED backlight technology but also the entire display industry in Guangdong province.