Alltronics (HKG:0833) to Provide Energy Solutions to Suning


Alltronics Holdings (HKG:0833) says that it has entered into an agreement with Suning Appliance Co., Ltd., China Potevio Company Limited and Beijing Dragon to carry out energy management contract (EMC) business in the PRC through the use of green energy saving LED lighting equipment.

Under the agreement, Suning Appliance agreed to engage Alltronics and China Potevio to provide energy saving solutions to at least 1,000 retail stores operated by Suning Appliance through the replacement of existing lighting equipment installed on these retail stores by green energy saving LED lighting equipment. Alltronics and China Potevio will also install a remote control system on each of these retail stores to enable Suning Appliance to monitor and control the use of all green energy saving LED lighting equipment installed in each of these retail stores. The total amount of savings on electricity charge on LED equipment to be received from Suning Appliance during the term of the Suning EMC Agreement is estimated to be RMB150 million.

Alltronics' directors expect that the whole installation process will be completed within one year.

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