Leotek Corp (光林智能), a lighting and traffic signaling equipment subsidiary of Lite-On Technology Corp (光寶科技), expects revenue this year to surpass last year’s, driven by infrastructure project gains in Taiwan, North America and elsewhere, company president Torrent Chin (金海濤) said yesterday.
Orders for street lighting fixtures and traffic signaling equipment in Taiwan, and in the US, Canada, Mexico and Chile, as well as for products used in parks, campuses and parking lots in Australia, New Zealand, China and Spain are expected to increase, Chin said on the sidelines of an exhibition in Taipei.
The company has received several orders for electric vehicle (EV) charging piles this quarter from the public and private sectors, he said.
Photo courtesy of Leotek Corp
The company last year acquired UK-based industrial LED solutions provider Dialight PLC, which mainly operates in the US and Mexico.
The deal has strengthened Leotek’s presence in the North American market, helping it secure more US orders this year. Its street lighting and traffic signaling solutions are now widely adopted in major US cities, including New York, San Francisco, Los Angeles, Dallas and Chicago, Chin said.
He did not provide an exact figure for the company’s projected revenue for this year, saying only that revenue in the first half was expected to outpace the second half at a 55 to 45 percent split, with the result depending on government bids and budgets, which vary from year to year.
Leotek operates plants in Taoyuan’s Longtan District (龍潭) and in San Jose, California, with each site accounting for 50 percent of the company’s total output, he said.
Most shipments to US customers are made through its US plant, while shipments to other countries are handled through its Taiwanese plant, he said.
As tariffs have affected some supply chain material costs, the company raised product prices last quarter, he added.
Orders are likely to remain stable going forward as local governments in Taiwan continue infrastructure renewal, while their counterparts in the US expand in smart transportation, EV charging and safety sensing, Chin said.
However, orders next quarter might be flat sequentially, as the US enters the holiday season and it is traditionally off-season for the company, he said.
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