2015-06-09

GPI Acquires Syndicated Loan of US$ 80M

Taiwanese LED manufacturer Genesis Photonics Inc. (GPI) has sealed a NT $2.55 billion (US $80 million) loan deal with a syndicate of local banks in Taiwan to repay loans and expand the company’s operation capital.
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2015-05-29

Zentel Electronics Signs Legacy Electronics as Their Authorized North American DRAM and LED Distributor

Legacy Electronics, a U.S. designer and manufacturer of high-density memory modules, circuit boards and solid-state drives (SSDs) has expanded their management team by selecting Mike Ridling to fill the new position director of business development. In addition, Legacy is broadening their portfolio of components and memory modules through a contract to be the authorized North American distributor of Zentel Electronics DRAM and LED products.
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2015-05-27

LED Controller Manufacturer Leviton Acquires Intense Lighting

Leviton today announced the acquisition of Intense Lighting, LLC, a leading solutions-based manufacturer of LED luminaires. Intense Lighting, based in Anaheim, Calif., enhances Leviton’s current product offerings with a wide variety of specification grade LED lighting solutions for the commercial, hospitality, supermarket, retail and residential markets.
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2015-05-25

Orion Energy Systems Reports Strong LED Growth in Latest Financial Report

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2015 fourth quarter and year ended March 31, 2015, highlighted by higher revenues driven by accelerating LED sales and gross margin expansion.
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2015-05-19

India Lifts LED Bulb Bid Restrictions, Chinese Suppliers Pass Review

After winning the elections last year, Indian Prime Minister Narendra Modi promised to invest in the country’s electricity, rail and other infrastructures to improve India’s economic performance, reported Chinese media Cali-Light.com.
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2015-05-19

Cree to Focus on Lighting Business by Spinning Off Power and RF Subsidiary

Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission for a potential initial public offering of the subsidiary’s Class A common stock.
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2015-05-18

Philips Raises LED Lamp Outsourcing Ratio in India

Philips is raising its LED lamp outsourcing ratio in LED lamps to 70% in the Indian market in the next six to eight months to meet local market demands, reported Indian media The Economic Times.
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2015-05-18

Florence County Government Partners with Pepco Energy to Reduce Energy Consumption

Pepco Energy Services, a subsidiary of Pepco Holdings and a leader in energy savings performance contracting, announced that it has commenced implementation of an Energy Savings Performance Contract (ESPC) with Florence County, South Carolina. Under the contract, Pepco Energy will install over $6.6 million of energy efficiency improvements at thirty Florence County facilities that are guaranteed to save more than $432,000 annually and $7.6 million over the term, while also addressing critical infrastructure needs.
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2015-05-15

Noribachi 1Q15 Revenue More than Doubles

Noribachi, a leading U.S.-based custom LED manufacturer for high output commercial and industrial lighting solutions, announced 117% quarter over quarter revenue growth (Q1 2014 vs. Q1 2015). This marked the 8th consecutive quarter over quarter revenue growth for the company.
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2015-05-14

Lextar Sells A Factory in Taiwan for NT $361 M

Lextar, a large LED manufacturing company under the AUO group, has sold one of its factory in Hsinchu County, Taiwan for NT $361 million (US $11.82 million) to Twoway Communications.
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2015-05-12

Edison Opto, Unity Opto and Ledlink Revenues Reach New Heights in April

Taiwanese LED lighting manufacturers revenues reached new heights last month, with Unity Opto, Edison Opto and Ledlink heading the trend, reported UDN.
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2015-05-12

Epistar and GPI 2Q15 Revenue Estimated to Increase 15%

LED manufacturers have announced their revenues for April lately, with Taiwanese LED chip and package manufacturers Epistar and Genesis Photonics Inc. (GPI) performance outshone other competitors, reported China Times.
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2015-05-08

Philips Annual General Meeting of Shareholders Approves Separation of Lighting Business

Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (AGM) has approved the separation of the Lighting business from Royal Philips. Following the vote in Amsterdam, Royal Philips will continue the process to set up two market-leading independent companies that will focus on the vast opportunities in health technology and lighting solutions.
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2015-05-08

Mobile Application Growth Helps Rubicon Technology Reduces Losses in 1Q15

Rubicon Technology, a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today reported financial results for its first quarter ended March 31, 2015.
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2015-05-08

Universal Display Corporation Announces 1Q15 Financial Results

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, reported financial results for the first quarter ended March 31, 2015.
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2015-05-08

Pixelligent Technologies Receives $1M Phase-II OLED Lighting Award from DOE

Pixelligent Technologies announced that it has been selected for a Phase II Solid State Lighting award from the US Department of Energy to support the development of advanced light-extraction materials for OLED Lighting. Pixelligent has partnered with OLEDWorks for this grant, which follows work on a Phase I award from September 2014.
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2015-05-07

Ledman Opto’s LED Revenue from Sports Applications to Soar in 2015

Ledman Opto will be building on its LED package, display, lighting and energy saving service foundation to expand its operations in soccer and other sports applications, said the company’s Chairman Mantie Li at a 2014 financial result briefing.
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2015-05-07

Edison Opto and Epistar Join Hands to Win Large LED Bulb Order in India

Edison Opto and Epistar have jointly won a 10 million LED bulb Indian government contract valuing NT $300 million (US $9.77 million), according to an UDN report.
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2015-05-07

Epistar Board Approves Merge with TSMC SSL, and Non-Public Issuing 165M Shares

In two separate company statements released yesterday, Epistar board approved fully integrating TSMC Solid State Lighting (元芯光电), and non-public issuance of 165 million company shares to raise capital.
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2015-05-07

Veeco Reports Losses in 1Q15

Veeco Instruments announced its financial results for the first quarter ended March 31, 2015. Results are reported in conformity with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.
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2015-05-06

GPI Investor Acquires Everlight Convertible Bonds

Genesis Photonics Inc. (GPI) second largest investor, Chicony, has acquired a 7% stake worth NT $350 million (US $11.14 million) of Everlight bonds, reported China Times.
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2015-05-04

Robbins Geller Rudman & Dowd Files Class Action Suit Against Rubicon

Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) (http://www.rgrdlaw.com/cases/rubicon/) announced that a class action has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of Rubicon Technology, Inc. (“Rubicon”) (NASDAQ:RBCN) common stock in the Company’s public offering on or about March 19, 2014 (the “Offering”).
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2015-04-30

Epistar Orders to Surge in May

Epistar Chairman B.J. Lee upheld a positive outlook for the LED industry in 2Q15, following surging orders in May, reported UDN.
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2015-04-30

Chinese LED SMEs Face Further Challenges Ahead as Lighting Manufacturers Profits Slide

Three out of six Chinese LED lighting manufacturers found themselves in an“awkward” financial situation in 2014, with many reporting plunging net profits in their recent fiscal report.
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2015-04-30

Osram Board Approves Splitting Lighting Business, 2Q15 Earnings Stable

Osram is systematically tackling its realignment. At yesterday’s meeting, the supervisory board of OSRAM Licht gave the green light for a mandate to examine the carve-out of the general lighting lamps business. As an independent entity, the business could operate more freely on the market and realize strategic options, such as for example partnerships, more easily. The businesses with opto semiconductors, automotive and specialty lighting as well as luminaires, lighting systems and solutions would as a result form the future core business of Osram. With this move, the company will increase its focus on growth, innovation and technology leadership and addresses the different dynamics and requirements in the changing lighting market.
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2015-04-30

Osram Supervisory Board Extends CFO Contract

At today’s meeting, the supervisory board of OSRAM Licht AG extended the contract of Chief Financial Officer Klaus Patzak (49) by five years until 2021, effective from April 1, 2016. Patzak, who holds a doctoral degree in business administration, has been a member of the Osram managing board since April 2011. Before that, he was Chief Accounting Officer and Controller at Siemens AG. “We are very happy to continue our work with Klaus Patzak. He had an essential part in bringing Osram’s transformation forward during difficult times and will now also accompany the company’s strategic realignment with his expertise,” said Peter Bauer, chairman of the supervisory board of OSRAM Licht AG. Additionally, the supervisory board of OSRAM Licht AG today gave the green light for a mandate to examine the carve-out of the general lighting lamps business.
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2015-04-29

Philips 1Q15 Profits Drop 28% amid Lighting Business Restructure

Despite delivering strong sales in its LED business, Philips profits in 1Q15 declined 28% due to slowdown in its health business, reportedFinancial Times and Marketwatch.
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2015-04-29

Panasonic Reports Slight Growth in LED and Solar Business

Panasonic Corporation today reported its consolidated financial results for the year ended March 31, 2015 (fiscal 2015).
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2015-04-27

Jury Findings Impact on Everlight and Nichia Lawsuit

The judge’s final verdict will probably be based on Michigan Federal jury findings that two Nichia patents were invalid in the case against Everlight, said former Industrial Technology Research Institute (ITRI) researcher Jerry Yu.
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2015-04-24

Welcome to Russia, Baby

This interview performed and was published by Lumen&ExpertUnion – Russian professional magazine about light and lighting (www.lumen2b.ru) The interviewee, Alexey Malakhov. Graduated in 2007 from National Research University Moscow Power Engineering Institute (MPEI). Cathedra specialist of lighting “Light source & Electronic starter”. Malakhov has worked in the lighting industry since 2005. He participated in the implementation of lighting projects including airport, stadium, factories, city infrastructures and transport.
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Litecool (http://www.litecool.co.uk), has produced LED packages using a new dielectric material that has a thermal conductivity of 1000 W/mK – 3 times higher than copper and 30 times better than a... READ MORE

Citizen Electronics Co., Ltd. (Head Office: Fujiyoshida City, Yamanashi Prefecture. President: Yoshihiro Gohta) has developed the CL-426 Series that is the world’s thinnest side-lighting type multi-color LED with a reflector.  Shipm... READ MORE