Toyoda Gosei Co., Ltd. and two Taiwanese companies formally agreed on September 20 to establish a joint venture in Taiwan to develop, manufacture, and market light emitting diodes (LEDs). The Taiwanese companies are Epistar Corporation, a leading manufacturer of LED chips, and Twin Hill Co., Ltd., a sales agent for Toyoda Gosei LEDs. This joint venture agreement combines Toyoda Gosei’s leading-edge LED technology with Epistar’s low-cost manufacturing capabilities to expand the partners’ LED sales in the growing market of illumination applications.

Since 2006, Toyoda Gosei has worked with Epistar and outsourced the production of some of its LED products to the Taiwanese manufacturer. Through this joint venture, Epistar and Toyoda Gosei will tap each other’s strengths to supply energy-saving, low-cost LED products, in order to contribute to worldwide environmental protection.

Outline of the Joint Venture

1. Tentative Name	TE OPTO Corporation
2. To be established	November 1, 2010 (scheduled)
3. Address	4F, No. 208, Ruiguang Road, Neihu District, Taipei 11491, Taiwan
4. Capitalization	23 million Taiwan dollars (equivalent to about ¥60 million)
5. Ownership	Toyoda Gosei 51%
	Epistar 40%
	Twin Hill 9%
6. Directors	Seven: four from Toyoda Gosei, two from Epistar, and one from Twin Hill
7. Business	Developing, manufacturing, and marketing LED products
8. Short-term target	Annual sales equivalent to about ¥5 billion by the fiscal year to March 31, 2012