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Lightscape Technologies Expands Its Work With HK

http://money.cnn.com/news/newsfeeds/articles/marke [2008-6-26]

Tag : outdoor led screens

Lightscape Technologies Inc. (OTCBB: LTSC), an operator of outdoorLED billboards and provider of LED solutions, today announced thecommencement of several new projects at K-11 Hanoi Road, a high-endredevelopment project located on Hong Kong's Victoria Harbour ownedby New World Development Company Limited (HKG: 0017).
The K-11 Hanoi Road Project is one of the largest real estatedevelopment projects in Hong Kong and includes a hotel with over380 rooms, 36 stories of luxury residential condominiums, 265,000square feet of retail shopping space and 13,000 square feet ofpublic space.
The scope of new work awarded to Lightscape includes providinglighting design and consultancy services for the project anddesigning and installing an LED lighting and control system for theentire façade of the tower, which will be of one of Kowloon'stallest buildings. The digital control system, which will useLightscape's proprietary software, is critical for the creation andplayback of dynamic lighting effects that will accentuate thearchitectural elements of the building within Hong Kong's growingskyline. Lightscape will also design, supply and install alarge-scale curved LED video wall for the indoor area of thefacility which has a pixel pitch of 31.25mm and which measures 118feet x 18 feet (or 36 meters x 5.5 meters).
Bondy Tan, President and CEO of Lightscape commented, "We arepleased to be a part of Hong Kong's largest urban renewal effort inthe heart of the Tsim Sha Tsui business district and one of thetallest skyscrapers in Kowloon. These projects demonstrate thebreadth and flexibility of our LED design solutions."
Lightscape began work at K-11 Hanoi Road during the second half of2007 and projects to date have included the design and installationof LED video walls within the K-11 main showroom and at thepedestrian overpass within the property's shopping mall. All thework for this phase of the redevelopment project is expected to becompleted by the end of 2008.
About Lightscape Technologies
Lightscape Technologies Inc. (OTCBB: LTSC) is one of the leadingdigital media and LED solutions companies in Asia. Through a jointventure agreement, Lightscape is building an outdoor LED medianetwork in China focused on LED billboards in prime locations. Thecompany also designs, markets, sells and installs large-scale LEDvideo screens and LED systems, operates outdoor LED advertisingbillboards, and provides LED screen rentals. Lightscape isheadquartered in Hong Kong, and the company has offices inSingapore, China and Macau. For additional information, pleasevisit www.lightscapetech.com.hk .
Cautionary Disclaimer - Forward-Looking Statements
This news release contains "forward-looking statements," as thatterm is defined in Section 27A of the United States Securities Actof 1933, as amended, and Section 21E of the United StatesSecurities Exchange Act of 1934, as amended. Such forward-lookingstatements include, among others, the estimation, expectationand/or claim, as applicable, that: Lightscape expects to completeits work for the design and installation of an LED lighting andcontrol system for the tower façade, the design, supply andinstallation of a curved LED video wall for the indoor area, andthe design and installation of the LED video wall at the pedestrianoverpass of the K-11 Hanoi Road development by the end of 2008.Actual results could differ from those projected in anyforward-looking statements due to a variety of risks, uncertaintiesand other factors, including, but not limited to, delays in thesupply of LED modules, LED video screens and other hardware; risksof downturns in economic conditions generally and in Hong Kongspecifically; the availability of timely financing; and thecompany's ability to manage growth. These forward-lookingstatements are made as of the date of this news release and thecompany assumes no obligation to update the forward-lookingstatements, or to update the reasons why actual results coulddiffer from those projected in the forward-looking statements.Although the company believes that the beliefs, plans, expectationsand intentions contained in this press release are reasonable,there can be no assurance those beliefs, plans, expectations, orintentions will prove to be accurate.


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