Daktronics of the United States Reaches Strategic Cooperation Intent with NATIONSTAR

On the afternoon of October 23, Reece, CEO of Daktronics from the United States, and his delegation visited NATIONSTAR. They held talks and conducted business inspections with Dr. Wang Sen, Director and General Manager of NATIONSTAR, Ouyang Xiaobo, Assistant to the General Manager and General Manager of the RGB Device Business Unit, and other leaders. The two sides reached a high consensus on strategic layout and business cooperation.

Founded in 1968 and listed on the NASDAQ, Daktronics of the United States is a global leader in the large-scale LED display industry. Established in 1969 and listed on the Shenzhen Stock Exchange, NATIONSTAR is a world-leading supplier of LED display devices, with its RGB Device Business Unit taking charge of the LED display device business. This meeting between the two industry giants in the global LED display sector has laid a strategic foundation for their in-depth and close cooperation in the future.

General Manager Wang Sen gave a detailed introduction to the company’s development strategy and comprehensive strength to Reece and his entourage. NATIONSTAR boasts a leading domestic market scale in LED display devices and takes the global lead in small-pitch products. In June this year, NATIONSTAR launched its first Mini LED product simultaneously in China and the United States, steering the LED display industry into the P0.X era. In the second quarter of 2018, NATIONSTAR ranked eighth worldwide in terms of operating revenue and market share in the LED packaging business, according to IHS Markit.

Reece fully recognized and highly praised NATIONSTAR’s comprehensive strength and market position. Both sides stated that they would leverage their respective advantages to build a mutually beneficial, trustworthy and win-win partnership, and carry out all-round and in-depth cooperation in the LED display field.

After the meeting, on behalf of the company, Wang Sen presented a Century Treasure Tripod to Reece to congratulate Daktronics on its 50th anniversary. The gift symbolizes that the cooperative relationship between the two sides will be as solid and enduring as the tripod.

n recent years, NATIONSTAR has thoroughly implemented the development strategy of internationalized market. It has conducted multi-level and multi-field cooperation with global partners in the international market, continuously enhancing its international status and popularity, and improving its global strategic layout.