ILED in Poland, and elsewhere
Several years ago the founders of the Polish company contracted to pay $11 million USD for the exclusive distribution of ILED in Europe. They also set up an assembly operation in Poland and won a 10,000 unit bid to provide ILED street lighting in Warsaw and Krakow. The electronics/LED's were to be in-sourced from China, and all else created in Poland. The future was bright.
Similar opportunities existed in Mexico ($24 million), Columbia, Australia ($5 million), and the Dominican Republic. The Burger King franchisees in Puerto Rico/USA were also big prospects, CVS in the USA (successful multi unit trial at franchise stores), and the US government via GSA contract. Siemens agreed to become a distributor of the award winning street lights.
Several famous major league baseball players became large investors, and promoted the products.
The stunning demise of ILED is directly attributable to inept supervision by the Board of Directors. It is just pathetic.
