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Capstone Companies Inc. and Light Engine Limited (www.lightengine-tech.com) entered into an exclusive alliance based on a shared vision to expand their market positions in the U.S in July 2014. The intentions of Light Engine and Capstone is to strategically cooperate during the immediate and initial stage under a strategic alliance, although in the longer term, both companies expect to enter into a closer arrangement, such as a joint venture within a two year period.
The exclusive alliance was created to develop and co-develop any and all LED products that could be destined for big box retailers headquartered within the United States. Capstone is recognized as a leading designer and marketer of innovative multi-purpose LED consumer lighting products and specialty power failure LED solutions for the Americas. Light Engine, over the past decade has specialized in the development, production and sales of high quality LED lighting products and currently the largest lighting manufacturer in China and one of the top 10 LED lighting suppliers in the world based on sales volume.
By combining Light Engine’s extensive LED domain knowledge, broad R&D expertise, strong engineering and considerable manufacturing capabilities with Capstone’s proven record of product innovations and technologies, well established vendor relationships with major big box retailers in the U.S. both companies anticipate gaining increased market share through an expansive introduction of consumer centric LED lighting products.