Barco Events Announces LED Sales Growth in First Quarter 2002

Barco Events announced in late April that the company's LED sales rose by over 50 percent during Q1 2002 compared with the same period last year. The division, one of the fastest growing within the BARCO group, has boasted several substantial orders this year, including orders by US-based wholesale rental giant VER (Video Equipment Rentals), multinational event engineering companies PSL Group (USA & UK), Avesco Group--Screenco & Creative Technology (USA & UK), as well as VPS (France), IMAG Video (USA) and AV Teknik (Sweden). Barco Events has already received LED orders in excess of $25 million during the first quarter of this year.

According to industry market research data, Barco Events accounted for over 60 percent market share (by value) of the total global LED rental market during 2001. Steve Scorse, Division Manager, Barco Events, stated, "I truly believe that BARCO's continued dedication to delivering a high-quality product, backed by reliable service and support, have differentiated us from our competitors." BARCO will also be a major provider of the LED displays used during the World Cup Football Championships 2002 with the sale of over 430 tiles of DLite 7 to its Korean rental partners Good Media, Hibino Korea, Imtek Korea and SeWoo Korea.

"Our Golden Partner Program, which rewards our rental partners with a level of service and support unheard of in the industry and attests to BARCO's commitment to forming rewarding, long-term relationships with its customers, has ensured our continued success within the competitive LED rental market, " said Scorse.