Honeywell announced that its Ex-OrLED lighting technology once again won the retail giant WAL-MART in China's 40 supermarket green lighting renovation project. WAL-MART's 100 Chinese supermarkets successfully adopted Honeywell's innovative lighting technology last year. The addition of 40 supermarkets means that nearly half of WAL-MART stores in China will adopt LED energy-saving lighting system. This new LED order is worth about $twelve million.
China is currently rapidly out of the ordinary incandescent lighting import and sales. At the same time, LED lighting as the representative of energy-saving alternatives are gradually favored by consumers, such as retail, customer service centers and large factories. These consumers need more high-quality lighting environment, in order to improve work efficiency and customer shopping pleasure.
The transformation and implementation of full participation in the scheme from the beginning of 2008 Honeywell WAL-MART in the China energy-saving lighting, including lighting, lighting, fresh refrigerator main lighting, outdoor billboards and lighting the most advanced LED lighting products and the most comprehensive solution for its supermarket. According to the 100 supermarkets before and after the transformation of electricity tariffs, a large WAL-MART supermarket can save nearly 1 million kwh of electricity per year, equivalent to saving up to 1200 barrels of crude oil. After the completion of the transformation of the 100 stores, WAL-MART supermarket can save nearly $7 million 600 thousand per year of electricity, accounting for 50% of the original lighting costs, accounting for about 15% of the total electricity.
Is the return on investment significantly early cooperation brings on Honeywell and reliable product quality and quality of service, WAL-MART decided to energy-saving lighting system renovation project will add 40 to the supermarket to Honeywell. According to preliminary accounting, after the transformation of each store will achieve an annual savings of about $128 thousand, two and a half years to recover the cost of investment.
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