MIC Electronics has informed that the company and LG Innotek reached an agreement to jointly develop highly energy efficient LED Lighting products using the components manufactured by LG Innotek. Considering the extensive experience of MIC in the LED product technologies and its established brand image LG Innotek gave its consent to MIC focusing its LG Innotek Brand name on all the LED Lighting products manufactured by MIC using the components manufactured by LG Innotek.
The above information is a part of company’s filings submitted to BSE.
