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Toyoda Gosei Concludes Joint Venture Agreement to Develop, Manufacture, and Market LEDs in Taiwan

September 21, 2010
Toyoda Gosei Co., Ltd.

Toyoda Gosei Co., Ltd. and two Taiwanese companies formally agreed on September 20 to establish a joint venture in Taiwan to develop, manufacture, and market light emitting diodes (LEDs). The Taiwanese companies are Epistar Corporation, a leading manufacturer of LED chips, and Twin Hill Co., Ltd., a sales agent for Toyoda Gosei LEDs. This joint venture agreement combines Toyoda Gosei’s leading-edge LED technology with Epistar’s low-cost manufacturing capabilities to expand the partners’ LED sales in the growing market of illumination applications.

Since 2006, Toyoda Gosei has worked with Epistar and outsourced the production of some of its LED products to the Taiwanese manufacturer. Through this joint venture, Epistar and Toyoda Gosei will tap each other’s strengths to supply energy-saving, low-cost LED products, in order to contribute to worldwide environmental protection.

Outline of the Joint Venture
1. Tentative Name TE OPTO Corporation
2. To be established November 1, 2010 (scheduled)
3. Address 4F, No. 208, Ruiguang Road, Neihu District, Taipei 11491, Taiwan
4. Capitalization 23 million Taiwan dollars (equivalent to about ¥60 million)
5. Ownership Toyoda Gosei 51%
  Epistar 40%
  Twin Hill 9%
6. Directors Seven: four from Toyoda Gosei, two from Epistar, and one from Twin Hill
7. Business Developing, manufacturing, and marketing LED products
8. Short-term target Annual sales equivalent to about ¥5 billion by the fiscal year to March 31, 2012