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BEACON INTERNATIONAL BUSINESS UPDATE

NOVEMBER 2021

Beacon International (Hong Kong)

Beacon Lighting America

Beacon Lighting Europe

Beacon Lighting China

Beacon Lighting Group Limited

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CONTENTS

  1. INTRODUCTION
  2. BEACON INTERNATIONAL (HONG KONG)
  3. BEACON LIGHTING AMERICA
  4. BEACON LIGHTING EUROPE
  5. BEACON LIGHTING CHINA
  1. BEACON INTERNATIONAL GROUP
  2. GROWTH STRATEGIES
  3. QUESTIONS

BEACON INTERNATIONAL

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1 INTRODUCTION

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1 FANAWAY

  • In 2004, an Australian inventor had a vision to create a ceiling fan that had blades concealed within a light pendant and only transformed into a ceiling fan when it was switched on.
  • The product now known as Fanaway consisted of a unique synchronized retractable mechanism and a uniquely shaped aerodynamic blade design capable of stacking over each other in retracted mode and generating significant airflow when the blades were deployed.
  • In October 2005, Fanaway appeared on the "New Inventors" show on the ABC TV. Soon after, Beacon Lighting was brought on board to partner with the inventor to develop the product to the manufacturing and production stages, and further promote and distribute Fanaway to the global market.

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1 FANAWAY

  • Fanaway has design patents in Australia, USA, Europe, China, Hong Kong and other parts of the world to protect the Fanaway intellectual property (IP)
  • The Fanaway design patents are owned by a BLX IP company in Hong Kong
  • Beacon Lighting sold the first Fanaway in Australia in 2007 and Fanaway continues to be one of the best selling fan ranges in Australia
  • The first Fanaway in partnership with the Australian inventor were sold internationally in 2009
  • In 2013, Beacon Lighting purchased 100% ownership of the Fanaway intellectual property and worldwide distribution rights
  • Today, Fanaway's unique product design continues to excite customers and open doors for Beacon Lighting all around the world

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Beacon Lighting Group Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 22:17:48 UTC.