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Lightscape Technologies Commences LED Installations with PCCW in Hong Kong Mar 27, 2008 8:40:00 AM
HONG KONG, March 27 /Xinhua-PRNewswire/ -- The first stage of the project involves the installation of 67.5 meters (approximately 221.5 feet) of LED light strips within the interior of the retail store. The installation also includes all related cabling, Lightscape's proprietary software and hardware for the authoring and playback of the visual effects to be displayed on the LED light strips. This first stage of the installation is expected to be completed by the end of March.
The second stage of the project involves the installation of a customized LED display panel on the store's outer fa?ade wall. The LED display will be approximately 8.7 square meters (approximately 94 square feet) in size, and the installation work will include all related cabling, software and hardware. The software controller which will manage the display will be Lightscape's proprietary Multimedia and Video Show Control System. This system consists of PC-based software and LED controller hardware which enables the authoring, control and playback of the advertising and other content that will be displayed on the LED screen. Lightscape's system is a fully integrated solution which combines various processors, video graphics decoders, solid state electronics and sophisticated built-in intelligence. This second stage of the installation is scheduled to be completed by the end of April. Bondy Tan, President and CEO of Lightscape Technologies commented, "We are very pleased to begin these installations of our innovative LED solutions with PCCW. We are confident that Lightscape will complete these installations on time and to the total satisfaction of PCCW." Continued Mr. Tan, "Following from our performance on these initial installations, we anticipate Lightscape's ability to secure contracts to complete similar installations for other PCCW retail outlets in Hong Kong." About Lightscape Technologies Cautionary Disclaimer - Forward-Looking Statements This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among others, the estimation, expectation and/or claim, as applicable, that: Lightscape expects to install LED light stripping on the interior of PCCW's flagship retail outlet in Hong Kong by the end of March; Lightscape expects to install an LED display on the exterior facade wall of PCCW's flagship retail outlet in Hong Kong by the end of April; Lightscape expects to complete these two installations on time and to the total satisfaction of PCCW; and Lightscape anticipates that it may secure contracts to complete similar installations with additional PCCW retail outlets in Hong Kong. Actual results could differ from those projected in any forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, delays in the supply of LED screen modules and other hardware; risks of downturns in economic conditions generally and in Hong Kong specifically; competition with larger companies; the availability of timely financing; and the company's ability to manage growth. These forward-looking statements are made as of the date of this news release and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to- time with the SOURCE
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