The crystal photoelectric large-area high-definition digital imaging system filter device industrialization project was included in the national high-tech industry development project plan and the national fund subsidy plan, and the National Development and Reform Commission will give the company a subsidy of 6 million yuan. This fund is mainly used in the project industry. Research and development and the acquisition of required hardware and software equipment.
Crystal Optoelectronics announced on November 4 that recently, the company received the "Notification of Forwarding" from the Zhejiang Development and Reform Commission. The National Development and Reform Commission agreed in principle that the company's large-area high-definition digital imaging system filter device industrialization project was included in the national high technology. The industrial development project plan and the state fund subsidy plan will provide the state subsidy fund of 6 million yuan. This fund is mainly used for research and development and the purchase of required hardware and software equipment in the process of project industrialization.
The government subsidy company will recognize the deferred income and carry forward the future according to the actual use. Obtaining this government grant will have no impact on the company's 2008 annual profit.
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