2016-05-12

Financial Losses Forces Tailon to Undergo Capital Reduction

Taiwanese LED manufacturer Tailon announced it will undergo capital reduction, as part of its effort to halt financial bleeding, restructure finances, and improve its financial operations.
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2016-05-12

Lextar Reports Revenue Decline in 1Q16

Lextar consolidated revenue during first quarter of 2016 slid 3.2% YoY to NT$ 3.39 billion (US $ 104.19 million), due to price pressures on the market.
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2016-05-12

Cree Files Counterclaim against Feit Electric in U.S.

Cree, a leader in LED lighting, has filed counterclaims in the U.S. District Court for the Middle District of North Carolina against Feit Electric Company, Inc. to stop infringement of Cree’s patented technologies. The suit alleges infringement of two patents related to LED bulbs.
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2016-05-11

Western Sydney Council Celebrates Finished LED Streetlight Installation

The biggest LED street light replacement project in NSW, Light Years Ahead, has come to an end with the last light installed in March.
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2016-05-10

Cree’s New Strategy Prioritizes Patent Royalties

Over the last two weeks, two Taiwanese LED manufacturers Harvatek and Knightbright decided to settle patent disputes with Cree, ending a nearly two year lawsuit. Both Taiwanese vendors agreed to sign patent royalties for an undisclosed sum. Few details have been released about the conditions of the settlements. It is becoming clearly evident that Cree’s strategy is centered on cashing in from its LED patent portfolio, said a LEDinside analyst, who chose to remain anonymous.
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2016-05-10

Cree and Kingbright Settle Patent Dispute and Sign License Agreement

Cree, a leader in LED lighting, announced today that it has reached a confidential settlement in its patent infringement lawsuit with Kingbright, Inc. Kingbright and Cree have agreed to a royalty bearing, worldwide license to the Cree patents-in-suit, thereby ending the lawsuit between the parties.
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2016-05-10

NEMA Current Business Condition Index Downshifts to Neutral in April

NEMA's Electroindustry Business Conditions Index (EBCI) continued its recent volatile behavior, dropping to a neutral 50 points in April after surging to 64.7 in March from 44.4 in February. Nineteen percent of panelists reported conditions improved in April, down from 41% in March. Another 19% reported the business environment worsened in April, up from 12% in March. The vast majority, though, claimed conditions were unchanged in April, up from the 47% who held this view a month ago.
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2016-05-09

Sohar Port and Freezone in Oman Upgrades to LED Streetlights

The Sohar Port and Freezone located in Middle East nation Oman, announced that it will be installing LED streetlight systems within premises of the port and freezone, reported Times of Oman.
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2016-05-09

Chico in California to Replace 6,000 Streetlights with LEDs

Chico, a city in California, U.S. will be replacing its streetlights with more efficient LED lights in the next four to six weeks, reported The Orion.
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2016-05-06

Hot Picks of the Week May 2-6

It has been confirmed that Philips Lighting will be issuing an IPO instead of being put up for sale, Philips will gradually sell more than 25% of its stake in the lighting business. Additionally, the company’s IPO announcement will disappoint several investors, such as Go Scale Capital, Melrose, and Apollo to name a few that had previously been interested in submitting bidding proposals. The company’s lighting arm in Thailand has also decided to shut down its fluorescent bulb factory as market penetration of LEDs escalate in the local market to more than 34%.
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2016-05-06

India’s LED Bulb Incentive to Be Implemented Nationwide by 2019

India’s national LED program Unnat Jyoti by Affordable LEDs for All (UJALA), will be implemented nationwide by 2019, said the country’s Minister for Power and Coal, Piyush Goyal recently.
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2016-05-06

MLS Saw 9% YoY Growth in 1Q Revenue Following Slowing Gross Margin Drop

MLS released its 1Q16 earnings last week, reporting the company’s revenue of 9.15% year on year (YoY) growth at RMB 819 million (US $125.8 million).
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2016-05-06

Cree Appoints New Member to Board of Directors

Cree announces that Darren Jackson, most recently the Chief Executive Officer of Advance Auto Parts (AAP), a position he held from January 2008 to January 2016, has been appointed to the Company’s Board of Directors, effective May 3, 2016.
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2016-05-05

Lumileds and Arrow Electronics Seal Global Distribution Agreement

Today Lumileds and Arrow Electronics announced a strategic agreement for the global distribution of Lumileds comprehensive portfolio of application optimized LEDs including high power, mid power, low power, CoB, color and UV LEDs as well as the infinitely configurable Matrix Platform. The agreement aligns with both companies’ dedication to providing customers with responsive, accelerated service and reliable, high performance solutions.
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2016-05-05

UAE New Bulb Incentive Urges Residents to Switch to LEDs

The United Arab Emirates (UAE) latest sustainability campaign is offering discounts of up to 25% to selected brand LED bulbs to urge local residents to switch to more energy efficient and environmental friendly lights, reported Gulf News.
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2016-05-05

Samsung Affirms It Will Not Be Releasing OLED TVs Anytime Soon

A senior Samsung Electronic TV business official reaffirmed plans that the company would not be making OLED TVs in the near future, and will be focusing on quantum dot (QD) TVs next year, according to a Korea Herald report.
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2016-05-05

Veeco Hurt By Slowdown in LED Market in 1Q16

 Revenues of $78 million, down 21% compared with the same period last year GAAP net loss per share of $0.40 and Non-GAAP net loss per share of $0.15 Non-GAAP adjusted EBITDA of negative $2.1 million
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2016-05-05

ANSI Reaffirms ANSI C78.42 High-Pressure Sodium Lamps Standard

The National Electrical Manufacturers Association (NEMA) announced that ANSI Accredited Standards Committee C78 reaffirmed ANSI C78.42 High-Pressure Sodium Lamps. This standard sets forth the physical and electrical requirements for HPS lamps, to ensure performance and interchangeability. The data given also provides the basis for the electrical requirements for ballasts and ignitors, as well as the lamp-related requirements for luminaires.  
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2016-05-04

Philips Lighting IPO Announcement Leaves These Potential Acquisitors Heartbroken

Royal Philips announced on Tuesday its lighting business’s “historical” Initial Public Offering (IPO), which will result in the listing of the lighting business on the Dutch bourse , and aims to sell at least 25% of its shares in the lighting company. The announcement ended contending Chinese and foreign investors takeover bid of the lighting business.
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2016-05-04

Philips to Sell At Least 25% Stake in Lighting Business through IPO

Philips confirmed on Tuesday it will be spinning off its Philips Lighting through Initial Public Offering (IPO), reported Reuters.
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2016-05-04

New Mexico’s Largest City to be lit up with 19,000 LED Streetlights

In October of 2015 the City of Albuquerque in New Mexico, U.S., through the Department of Municipal Development and Department of Accounting and Financial Services/ Purchasing Division, released a Request for Proposals (RFP) for the evaluation and implementation of energy efficiency and reduced maintenance project for city owned street lighting. After much review of all proposals received, Citelum Group was selected as the winning bidder. As part of their contract, Citelum will evaluate and develop a plan to convert approximately 19,000 city-owned street lights to LED.
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2016-05-03

LG Display Injects $123 M in OLED Panels for Lighting

LG Display will be investing another KRW 140 billion (US $123 million) into mass producing OLED panels for lighting during first half of 2017, reported Nikkei Asian Review.
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2016-05-03

Cree and Harvatek Settle Patent Dispute

Cree a leader in LED lighting, announced that it has reached a confidential settlement in its patent infringement lawsuit with Harvatek. Harvatek has agreed to a royalty bearing, worldwide license to the Cree patents-in-suit, thereby ending the lawsuit between the parties. Harvatek will pay Cree a license issue fee and ongoing royalties as part of the license agreement.
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2016-05-03

Philips to Shut Down Fluorescent Bulb Factory in Thailand in 3Q16

Dutch lighting giant Philips will be shutting down its only fluorescent bulb factory in Thailand by next quarter and lay off in total 200 workers at the plant, reported The Nation.
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2016-04-29

Hot Picks of the Week April. 25-29

As previously communicated, Philips continues to simultaneously prepare for an initial public offering (IPO) or a private sale of Philips Lighting. With equity markets’ sentiment improving compared to the first couple of months of the year, an IPO increasingly appears a more likely outcome, subject to further market developments and other relevant circumstances.
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2016-04-28

Osram Licht Posts Second Quarter Earnings,Profit Up 12%

“The second quarter was outstanding. We have achieved the best result in more than twenty quarters. And for the first time in ten quarters, revenue showed a noticeable increase nominally as well as on a comparable basis. This shows that our innovation and growth strategy is taking us in the right direction. Osram will successfully continue along this path. The foundation couldn’t be stronger,” said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG.
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2016-04-27

Cree's Third Quarter of Fiscal Year 2016 Reports 10% Decline in Revenue

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $367 million for its third quarter of fiscal 2016, ended March 27, 2016. This compares to revenue of $410 million reported for the third quarter of fiscal 2015, and $436 million reported for the second quarter of fiscal 2016. GAAP net income for the third quarter of fiscal 2016 was $152 thousand, or $0.00 per diluted share, compared to GAAP net income of $476 thousand, or $0.00 per diluted share, for the third quarter of fiscal 2015. On a non-GAAP basis, net income for the third quarter of fiscal 2016 was $17 million, or $0.17 per diluted share, compared to non-GAAP net income for the third quarter of fiscal 2015 of $25 million, or $0.22 per diluted share.
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2016-04-26

Philips' Lighting Unit Likely Sell Via IPO than Private Sale

Frans van Houten, CEO: “Philips’ first-quarter 2016 results reflect solid comparable sales growth across our HealthTech businesses and our LED Lighting business, bolstered by the successful launch of several new products. We also delivered continued operational improvements throughout the company, driven by higher volume and improved product mix. Our overall performance strengthened, supported by the ongoing benefits of our multi-year Accelerate! transformation program, despite challenging macro-economic conditions in several markets.
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2016-04-22

Vietnam Capital Pushes for LED Public Lighting System

Authorities of Vietnam capital Hanoi plans to roll out LED streetlight upgrade across the city, and has recently called on municipal agencies to scale up installation of LED lights in public lighting system in the locality to save energy, reported Vietnam Plus.
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2016-04-21

NEMA Praises U.S. Senate Approval of Energy Policy Modernization Act

Today, the U.S. Senate passed the Energy Policy Modernization Act by a vote of 85-12. This vote comes four months after a December 3, 2015, vote in the U.S. House of Representatives on its comprehensive energy legislation, the North American Energy Security and Infrastructure Act.
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