According to this agreement, utilizing its world-leading expertise and deep experience in LED technologies, Seoul led high bay light Semiconductor will look for high-potential companies and combine them with the capabilities of Vertex in sourcing and administering investment capital to achieve synergies for effective investment and returns.
Additionally, with subsequent expansion of investment opportunities, both companies may establish a dedicated fund to nurture the research and development efforts of technology companies that will drive future innovation in the LED and its related industries.
Brian Wilcox, Vice President of North American sales for Seoul Semiconductor, has expressed his idea, "There are various LED Linear high bay light new technologies and application companies engaged in R&D that have synergies with such new technologies in the world. We want to support these efforts at such companies. We expect that many global firms will seek to work with us. All such firms are invited to sign-up on the Investment Application section of our website."
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