2015-03-11

RayVio Closes $9.3 Million Series B to Enable Mass Adoption of UV LED Solutions

RayVio today announced that it has emerged from stealth mode and raised US $9.3 million in Series B funding, with new investors including Applied Ventures, Augment Ventures, New Ground Ventures and Tolero Ventures. Existing investors DCM Ventures and Capricorn Investment Group also contributed to the round. The capital will be used to accelerate RayVio's go-to-market strategy, grow its team, and enable mass adoption of UV LED solutions in the industrial, commercial and consumer sectors.
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2015-03-11

Lighting Science Group Appoints Executive Vice President of Business Development

Gobal LED manufacturer Lighting Science Group Corporation announces the appointment today of Pete Rumsey as Executive Vice President of Business Development. Rumsey brings over two decades of proven commercial, marketing and operational experience to his new role. Reporting directly to Lighting Science CEO Ed Bednarcik, Pete will be working with the executive team to direct the company’s commercial business development ventures and bring Lighting Science’s innovative LED product assortment to the forefront of the global commercial market.
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2015-03-10

Lextar Reports Sixth Consecutive Year of Growth

Lextar today announced its fourth quarter and fiscal year 2014 financial report.
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2015-03-10

Epistar and Everlight Revenues Slide in February

Leading Taiwanese LED manufacturers Epistar and Everlight reported declining revenues in February 2015, according to a report from CNA.
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2015-03-10

GaN Systems Inks Distribution Deal with Websolus in South Korea and China

GaN Systems, a leading developer of gallium nitride power switching semiconductors, has announced the signing of a distribution deal with Seoul-based global group Websolus. Listed on the Korea New Exchange (KONEX), with 13 Branch Offices in Korea, China, & Thailand, Websolus specialises in three major business sectors: IT Consulting & Systems Integration for Power Grid, Water & Energy systems solutions for Global Infrastructure, and Procurement & Distribution for Electronic Components. \
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2015-03-06

Apple Watch to Help Sapphire Substrate Industry “Spring Forward”?

Apple has recently sent out e-mail invitations to reporters and others to attend it’s “Spring Forward” media event, which is scheduled to take place on March 9, 2015 Pacific Time, according to a caijing.com report.
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2015-03-06

Universal Display Corporation Names Rosemarie B. Greco to Its Board of Directors

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials,announced today that Rosemarie B. Greco has been named to the Company's Board of Directors. Ms. Greco brings to Universal Display a wealth of experience in building and managing successful organizations, including demonstrated success in executive leadership, director-level governance, building high value partnerships, and advancing projects from vision to execution.
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2015-03-05

BYD Lighting LED Revenue Soars in 2014

BYD Group’s lighting business saw considerable growth last year, despite the group’s reported revenue decline, according to a cnledw report.
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2015-03-05

Terralux Raises US $11M for LED Retrofit Products

Terralux, Inc announces that EnerTech Capital, a leading energy technology venture capital firm, led an $11 million growth investment in the company. Joining EnerTech in this round are investors Generation Investment Management, Crawley Ventures, Emerald Technology Ventures, GC&H Investments, and Founder & CTO, Dr. Anthony Catalano.
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2015-03-04

Sharp Restructure to Entail Mihara Plant Shutdown

Struggling Japanese electronic manufacturer Sharp will be shutting down its Mihara Electronic Component Plant, according to a latest Chinese-language Nikkei report.
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2015-03-04

Osram to Scale Up Smart Lighting Investments in 2015

Olaf Berlien, Chief Executive Officer of Osram Licht AG, has taken the company’s Annual General Meeting (AGM) as an opportunity to announce the promotion of new technologies and innovations. “We will drive new technologies and innovations by using selective incentives and investments,” Berlien told shareholders on Thursday. “I have dedicated a further EUR 10 million from the Managing Board’s budget to fund projects like Lightify,” he said. Osram's Lightify system was recently launched on the market and enables wireless control of all the features light has to offer.
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2015-03-04

TCP Stock Ratings Affected by Recent Litigation

Leading U.S. LED luminaire manufacturer TCP International’s (TCP) stock ratings have taken a blow following a complaint filed against the company and CEO by its general counsel Laura Hauser.
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2015-03-03

MLS Market Value Exceeds RMB 20 Billion

Chinese LED manufacturer MLS has become China’s second most valuable listed LED company within a week. The company’s shares have soared on the Chinese bourse for five consecutive days since Feb. 27, 2015 bringing its total market value to RMB 20.15 billion (US $3.21 billion).
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2015-03-02

OLED Manufacturer Universal Display Reports 30% Revenue Growth in 2014

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and year ended December 31, 2014.
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2015-02-26

Unity Opto Raises LED Bulb Shipment Volume

Taiwanese LED manufacturer Unity Opto’s LED lighting order visibility has reached five months, according to a China Times report.
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2015-02-26

Philips Plans to Issue IPO for Lighting Division

Philips outlined its intention of offering an initial public offering (IPO) for its lighting business in a recent annual shareholders agenda press release.
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2015-02-26

Everlight Expects Revenues to Improve in 2Q15

Affected by the Chinese Lunar New Year holiday season, Taiwanese LED manufacturer Everlight’s revenue in February dipped slightly. However, with workdays returning to norm in March, the company expects revenues to rebound, according to a MoneyDJ report.
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2015-02-26

Orion Energy Systems Completes $19.1 M Public Offering of Common Stock

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced the completion of an underwritten public offering of 5,462,500 shares of its common stock at a purchase price of $3.50 per share. The offering includes the exercise in full of the underwriter’s over-allotment option to purchase an additional 712,500 shares of common stock. The net proceeds to the Company from this offering were approximately $17.5 million, after deducting underwriting discounts and other estimated offering expenses.
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2015-02-25

Opple Lighting Expands Presence in India with Customized Products

Chinese LED luminaire manufacturer Opple Lighting has been expanding its presence in India’s retail market with customized ‘Made for India’ LED products in South India, according to a report by Indian media BusinessLine.
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2015-02-25

LED Engin Adds Digi-Key Distribution Channel to Boost Global Sales of Its Ultra-bright Compact Emitters

LED Engin, a leader in high flux density LED products, announces a global distribution agreement with Digi-Key, the industry leader in electronic component selection, availability, and delivery. From today, LED Engin’s LuxiGen™ emitters and secondary lenses are available through Digi-Key’s global websites. With over 500,000 customers, Digi-Key is one of the most popular online destinations for electronic component purchases.
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2015-02-24

Epistar Utilization Rates to Rebound to 70% in March

Epistar’s epiwafer utilization rates are expected to rise to at least 70% in March, according to several Taiwanese media reports.
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2015-02-24

[Correction] Osram Appoints New Head for Classic Lamps and Ballast System Business

Effective start 2015, Jes Munk Hansen is heading OSRAM’s Classic Lamps & Ballasts (CLB) business unit, taking on this assignment alongside his duties as CEO of the Region Americas.
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2015-02-24

LED Source Appoints New COO

LED Source, a franchisor of LED lighting products, announces the introduction of new Chief Operating Officer Sanford (Sandy) Lechner, CFE. Bringing years of experience working within the franchise community, Lechner is joining the company recently named on the Inc. 5000 list of America’s fastest-growing companies, its fourth consecutive year on the list.
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2015-02-16

GE 4Q14 Financial Results Show Strong Growth in LED Lighting Business

GE reported strong growth in LED lighting business,but overall lighting business slid down by 1%, due to declining traditional luminaire sales.
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2015-02-13

MLS Strong Revenue Performance Attracts IPO Investors to Pitch In

Most new stocks on the market rarely achieve skyrocketing growth rates, but investors that have betted on MLS shares are probably thrilled at the moment.
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2015-02-13

Nationstar Reports Steady LED Revenue Growth in 2014

In a recent financial statement, Nationstar highlighted positive growth during fiscal year 2014.
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2015-02-13

LIA Secures US$ 2M Funding from UK Regional Growth Fund (Round 6)

The UK’s Lighting Industry received a huge boost this week as the Lighting Industry Association received a share of GBP 1.3 million (US $2 million) from the Government’s Regional Growth Fund to further develop its laboratory services (LIA Laboratories) and new Lighting Training Academy.
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2015-02-12

Orion Energy Systems Announces Proposed Public Offering of Common Stock

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced that it intends to offer US $15,000,000 of shares of its common stock in an underwritten public offering. All of the shares in the offering are to be sold by Orion. Orion also expects to grant the underwriter a 30-day option to purchase additional shares equal to up to 15% of the aggregate number of shares to be sold in the offering to cover over-allotments, if any.
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2015-02-11

HC SemiTek 96 MOCVDs Acquired in 2014 to Enter Production in 2015

It will take some time before the effects from MOCVDs and other LED chip equipment acquired in 2014 will become evident, but it is expected the new equipment will make significant contributions to this year’s revenue growth, announced Chinese LED manufacturer HC SemiTek recently in an investor relations statement.
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2015-02-11

MLS Chairman Poised to Become Billionaire After IPO

Following leading Chinese LED package manufacturer MLS’s recent IPO announcement, a Bloomberg report estimated the company’s Chairman Sun Qinghuan will be joining the billionaire club after the IPO.
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A new product to hit the industrial scene from Luxonic is the new READ MORE

The inside cabin of a passenger aircraft contains a number of components that play an important role in passenger comfort, and in turn, brand loyalty. For example, seats are considered to be a key element in differentiating airline brands, and... READ MORE