May 30, 2007 — Torrance, CA — This week a delegation of top business
leaders from the Republic of Azerbaijan visited industry leader LEDtronics, Inc.
and its CEO and President, Mr. Pervaiz Lodhie. The main topic of discussion with
Torrance-based LEDtronics — a manufacturer of LED lamps and energy-saving
products — was how and where LEDtronics and Azerbaijani businesses could
develop partnerships and begin to help the Republic of Azerbaijan conserve energy
consumed for lighting.
The delegation was led by Azerbaijan?s preeminent Deputy Minister of Economic
Development Mikayil Jabbarov. A broad spectrum of business sectors were represented,
including technology, banking, land and real estate development, engineering,
eco-materials manufacturing, insurance, waste management, agriculture and more.
Some key leaders in attendance were Mr. Afgan Isayev, VP Strategic Planning,
Bank of Baku and Mr. Emil Majidov, President, Azpromo.
The Republic of Azerbaijan is one of the fastest growing economies in the world,
with a GDP growth reaching an astounding 38 percent in the first quarter of
2007. A leading economic performer and a keystone nation in the Caspian-Black
Sea region, Azerbaijan provides diverse opportunities for cooperation and offers
a dynamic environment for investment.
Founded in 1983 by Mr. Pervaiz Lodhie, LEDtronics? leads where others only
follow when it comes to designing, manufacturing and packaging state-of-the-art
LEDs to meet the world?s constantly changing lighting needs. LEDtronics inventive
product line encompasses an array of direct incandescent bulb replacement with
energy saving, long life LED bulbs and Lamps. LED bulbs last up to 100,000 hours,
over ten years, which greatly reduces maintenance and replacement costs because
LEDs are virtually immune to shock and vibration. LED bulbs use a fraction of
the electricity (LED lamps use 80% to 90% less energy then the incandescent
lamps they replace) necessary to light an incandescent bulb; they significantly
reduce power consumption to help achieve energy conservation goals. LED bulbs
also remain cool so there is no excessive heat build-up, which can influence
building air conditioning costs.