Guotai Junan Securities had announced several days ago that LONGT plans to offer common stocks in RMB for the first time and go public, and had completed the pre-listing tutoring at the Jiangsu securities regulatory bureau on October 23rd, with on-going tutoring from Guotai Junan right now.
Striving for Smart City Illumination, and Aiming for the Market of 5G Smart Street Lights
Established in 2001, LONGT is an integrated service provider for smart city illumination, and offers “integrated” services including product R&D, illumination design, manufacturing, construction, and maintenance. The company has cultivated in fields of smart city, road illumination, and landscape lighting for many years, and has acquired both the level 1 professional contracting of urban and road illumination, as well as the level design standard for illumination engineering.
LONGT had exhibited the modulated smart multi-function pole at the Guangzhou International Lighting Exhibition last year, and the series of products can adopt smart devices, such as 5G communication base stations, Wi-Fi network, smart and energy-saving street lights, smart security monitoring, smart facial recognition, and drones, through the cloud platform.
LONGT continues to focus on the market of smart city illumination this year by constantly implementing innovation and upgrades for its products on one hand, and actively unfolding the strategic partnership with Unilumin on the other hand, where the two parties will be conducting collaborations on products and services, resource sharing, and system integration in the fields of smart lamp post, smart illumination, and LED monitors.
As reported, LONGT has successfully completed multiple projects of smart city lamp post, and has placed “5G smart street light” as the new direction for strategic investment and development.
Future Revenue Growth Expected for Players Under the Mainstream Trend of Smart City Illumination
The development of urban illumination has climbed to a new height with the incessant propulsion and upgrades in smart city infrastructures, commercialization of 5G technology, and the vigorous promotion of the New Infrastructure Creation in recent years, where the market segments that are closely concatenated with smart city infrastructures, including road illumination, smart lamp posts, landscape lighting, are starting to emit explosive potential.
The emergence of new growth dynamics in the illumination industry has prompted various major suppliers in snatching commercial opportunities and additional market shares.
Furthermore, listed companies such as Unilumin and Mason Technologies are contributing to the development of emerging niche markets including smart street lights and landscape lighting, as well as actively participating in the tenders of construction for smart 5G multi-function lamp posts and landscape lighting projects in various areas. Urban illumination businesses, including, NN Lighting, AICA, and Shanghai Luoman, are all striving to achieve IPO, and have been successfully listed. Now, LONGT is also looking to join the array of listed companies, and looks forward to growing sales performance alongside the further expansion in business scale.
(Author: Janice @LEDinside)
