According to Epistar’s executive, the company expects a turnaround this quarter, thanks to strong demand for LED TVs and LED lighting would help boost factory utilization and lift gross margin significantly to more than 20 percent. That would end two straight quarterly losses for Epistar, after the company lost NT$515 million (US$17.19 million) in the first quarter and NT$620 million in the final quarter of 2012. Epistar said the prospects for next quarter have never looked better. The company’s chairman Lee Biing-jye told Unique Satellite TV af...

LED lighting company CRS Electronics Inc., has repaid the principal and interest payable pursuant to the secured debenture with Diocles Capital Inc. ("Diocles") which provided the Company with $300,000 in short term bridge financing.   Pursuant to the repayment terms of the Bridge Facility, the Company repaid the principal amount of $300,000 and paid interest in the amount of $6,000 to Diocles. The Company also issued 275,682 common shares of the Company to Diocles as bonus shares (the "Bonus Shares"). The quantum of the Bonus Shares w...

Recently, according to The U.S. Department of Energy (DOE), it has released more than $7 million for three innovative lighting projects at companies in California, Michigan and North Carolina that aim to lower the cost of manufacturing high-efficiency solid-state lighting (SSL) technologies LEDs and OLEDs.   The two-year projects selected will focus on significantly reducing manufacturing costs while continuing to improve the quality and performance of solid state lighting technologies.  These investments, which will leverage an additional $5 million in p...

Taiwan major LED makers have reported to set up a new record in May revenues, resulting from mounting penetration of LCD TVs lit by LED backlights and demands for LED lighting fueled by Taiwan’s electricity rate hikes, which will take effect on June 10. Orders have inundated Epistar’s production lines, inspiring outlooks that the company’s sales will continue rising in June. The company has distributed excessive orders to affiliated Huga Optotech Inc. Epistar saw its May revenue hit one-year high of NT$1.65 billion (US$57 million at US$1:...

Epistar and Unity Opto Technology Co. , have enjoyed brisk operating performance in May, thank to strong market demand for display backlights and LED lightings. The two companies both confirmed the current booms, stressing that contract orders have increased even more significantly than expected. Epistar`s executives indicated that the company has received contract orders worth over NT$1.7 billion in May alone, more than it did in April, and has seen its production lines fully booked. With capacity lagging behind market demand, this maker will certainly keep running at ...

Riverwood Capital Leads New Round of Funding for One of the World's Leading Makers of LED Lighting Products to Help it Meet Growing Product Demand Lighting Science Group Corporation,announced that it has completed the final round in a series of private placements totaling approximately $140 million in equity funding and commitments, of which approximately $88 million is new equity funding and commitments and approximately $52 million represents the conversion of certain bridge financings occurring since the fourth quarter of 2011. The proceeds from the new ...

Dialight announces that the Harry Tee Settlement Trust, of which Harry Tee CBE, Chairman of Dialight plc, is a beneficiary, has sold 425,000 ordinary shares of 1.89 pence each in the Company, representing approximately 1.3% of the issued share capital of the Company. The shares were sold on the London Stock Exchange at a price of 955 pence per share on 25 May 2012 in order to fund an existing financial commitment and are the first shares that the Chairman has sold since Dialight was listed in 1993.   Following this transaction Harry Tee CBE remains a sign...

On May 16, Chinese premier wen jiabao presided the standing committee of state council, and passed The basic public service system Planning on 12th Five-Year .According to the new plan, the government schedules to arrange for 2.2 billion yuan RMB to promote energy-saving lamps and LED lights.

Chinese based LED Company SunSun Lighting has received $30 million in Series B financing from GSR Ventures and Oak Investment Partners and additional commitments from its original angel investors. Oak, a multi-stage venture capital firm, is leading the round. Allan Kwan, a China-based advisor for Oak, is joining the board of SunSun. SunSun Lighting eliminates the performance and cost trade-offs of current LED lighting technology by offering a complete LED system, including power electronics, housing, packaging, and optics. The company's patented P...

Pacific Light Technologies working from the Portland State University Business Accelerator, has landed a $3 million venture capital round led by local investor groups. The company has closed $2 million of the Series A round led by the Oregon Angel Fund and Portland-based venture capital firm Pivotal Investments. CEO Ron Nelson, who also contributed to the round, said another $1 million has been committed and should close by the end of July. The 13-person company is developing a technology which will allow manufacturers of long-lasting LED lights to provide be...

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting,  announced revenue of $284.8 million for its third quarter of fiscal 2012, ended March 25, 2012. This represents a 30% increase compared to revenue of $219.2 million reported for the third quarter of fiscal 2011 and a 6% decrease compared to the second quarter of fiscal 2012. GAAP net income for the third quarter was $9.5 million, or $0.08 per diluted share, a decrease of 50% year-over-year compared to GAAP net income of $18.9 million, or $0.17 per diluted share, for the third quarter of fiscal 2011. On a n...

The the joint venture relationship between Mitsubishi Electric and Osram will be constructively dissolved in the process of the merger. However, in consideration of the solid 23-year relationship, Mitsubishi Electric and Osram have agreed to maintain ties in the areas of sales and production, and continue to be strategic global partners in the lighting business.

Taiwan Ministry of Economic Affairs (MOEA) has estimated that the output of the island’s LED streetlight manufacturing sector is expected to reach as much as NT$34 billion (US$1.15 billion) by 2018. According to an assessment released by the MOEA's Bureau of Energy, since the start of 2012, the government has been pushing for the installation of LED street lights to help the LED sector build a supply chain and create clusters of manufacturers. Under the projects, the government is expected to spend about NT$2.8 billion to install more than 326,000 ...

Everlight has won a big harvest with its 2011 after-tax net income of NT$1.3 billion (US$43.5 million at US$1:NT$30), or NT$3.14 per share. According to the company, in the fourth quarter of 2011, it received pretax earnings of NT$138 million (US$4.6 million), operating income of NT$208 million (US$6.9 million), and gross profitNT$760 million (US$25 million) on revenue of NT$3.96 billion (US$132 million). And the company has decided to pay shareholders cash dividend of NT2.5 per share from 2011 earnings. Based on the harvest, it is recognized as one of t...

Albeo Technologies has raised a total of $8 Million in Series C equity and debt financing to increase both the breadth of its LED lighting portfolio and depth of its channel presence. The equity investment was led by Braemar Energy Ventures, and was joined by existing investor Green Spark Ventures. Silicon Valley Bank provided a working capital financing line. Jeff Bisberg, CEO of Albeo, announce that, “We are extremely proud to become part of the Braemar team. With Braemar’s existing portfolio and network in the LED and lighting sector, their...

AIXTRON SE, worldwide leading provider of deposition equipment to the semiconductor industry, has a number of stock option programs in place that grant employees and the members of the Executive Board the right to purchase AIXTRON shares under certain conditions. Under the terms of the stock option plan 2007, stock options can currently be exercised. New shares resulting from exercised options are not entitled to a dividend for fiscal year 2011 and will therefore be traded on the Frankfurt Stock Exchange under the separate ISIN DE000A1MMEF7 until and incl...

- Year end inventory adjustment reflects current difficult market conditions - Dividend policy remains unchanged   - Profitable 2012 performance predicted with strong R&D investments planned AIXTRON SE (ISIN DE000A0WMPJ6, DE000A1MMEF7), a worldwide leading provider of deposition equipment to the semiconductor industry, delivered in 2011 – despite the market weakness in the second half – EUR 611.0m of revenues and a 18% EBIT margin. Although 2012 is expected to be a transitional year between two LED investment cycles with...

According to TCL Corporation’s company filing, the company has posted a 14.68 percent year-on-year increase in LED TV sales in January to 1.34 million units, of which sales of LED backlit TVs surged 161.88 percent to 804,700 units, or 61 percent of the total. TCL sold 197,800 Internet TVs and 102,300 3D TVs in January, up 14.99 percent and 7.76 percent year-on-year. Exports of LED TVs in January rose 96.02 percent year-on-year, or 260,300 units, to 510,300 units. The company will focus on Internet TVs, next-generation smart TVs and 3D TVs...

Royal Philips Electronics has posted a fourth-quarter loss due to a worse performance by its lighting, health care arms, as well as television business. The net loss for the October to December period was euro160 million ($211 million), compared with profit of euro465 million in the same period a year ago. Revenues rose 3.3 percent to euro6.79 billion. Philips' lighting arm had sales growth of 7 percent and energy-saving LED lights now account for 18 percent of the total. EBITA dropped 79 percent to euro41 million, in part due to costs of re-branding recently acquir...

Cree has released its financial results for its second quarter of fiscal 2012, ended December 25, 2011. The company has received $304.1 million for second quarter. This represents an 18% increase compared to revenue of $257.0 million reported for the second quarter of fiscal 2011 and a 13% increase compared to the first quarter of fiscal 2012. GAAP net income for the second quarter of $12.1 million, or $0.10 per diluted share, decreased 76% year-over-year compared to GAAP net income of $49.8 million, or $0.45 per diluted share, for the second quarter of fiscal 2011. On ...

Recently, LED chip and component maker SemiLEDs has reported its fiscal first-quarter 2012 (to end-November 2011) revenue. The company has reported revenue of $6.75m, down 48% on $13m a year ago but rebounding 27% from $5.3m last quarter (which has been down 5% on the prior quarter). This is also at the high end of the $6-7m guidance given in November). Sequential growth is due to 93% growth in LED component sales (to about 45% of total revenue). However, revenue from LED chip sales fell 29% (to 30% of total revenue). Other revenue (mainly luminaires, manufacturing ...

Sunovia Energy Technologies Inc., specialized in LED lighting and solar technologies , issued more than 35 million shares of new common stock at the end of 2011. According to a newly released filing with the Securities and Exchange Commission, roughly 25.8 million shares were sold to a group of 10 investors at a price of 2 cents per share, raising $516,800 in capital for the company. And roughly 9.3 million shares were issued to two Sunovia employees, including CEO Art Buckland, to satisfy “deferred compensation obligations” worth $186,199. The company pos...

Epistar has announced to gain a share buyback plan in a bid to support its share price. Epistar announced Wednesday it would buy back 10 million shares from the open market at a range of NT$51 to NT$76 between Dec. 29 and Feb. 28, 2012. The company said the repurchased shares will be transferred to its employees as an incentive to encourage them to work harder. As the company has received rush orders and hoped its bottom line would be boosted accordingly for the fourth quarter of this year, other LED makers also steamed ahead amid improved sentiment toward their earnings ...

The city of Livonia will receive a grant of $82,125 for LED lighting. The Michigan Economic Development Corp. has announced to fund $399,261 in the advanced lighting technology demonstration grants. And the of Livonia becomes one of six Michigan cities, townships and counties to receive part of this grand worthing $82,125 for LED lighting. The grant will fund LED street lighting along Shadyside Street next to Livonia City Hall, extending from Five Mile to the parking area behind the Livonia Police Station, and street lights in the parking lot at the Civic ...

SemiLEDs has released its not so bright financial results for the fourth quarter of fiscal year 2011, ended August 31, 2011. According to the company ,revenue for the fourth quarter of fiscal 2011 was $5.3 million, a 54% decrease from $11.5 million in the fourth quarter of fiscal 2010. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2011 was $13.6 million, or a loss of $0.50 per diluted share, compared to GAAP net income attributable to SemiLEDs stockholders of $5.3 million, or $0.18 per diluted share, for the fourth quarter of fi...

Coming after from China announces the roadmap of banning incandescent , the US Department of Energy (DOE) has also been accelerating funding for the production of LEDs to help the country be competitive in LED industry and the overall clean energy race. The DOE will be accepting funding applications through December 15, 2011, for developers of energy-saving lighting technologies involving LEDs in some of the latest developments. The Obama Administration authorized up to $10 million for manufacturing research and development on SSL, including HBLEDs as ...

Cree has announced revenue of $269.0 million for its first quarter of fiscal 2012, ended September 25, 2011. This represents a 0.2% increase compared to revenue of $268.4 million reported for the first fiscal quarter last year and a 11% increase compared to the fourth quarter of fiscal 2011. GAAP net income for the first quarter of $12.8 million, or $0.11 per diluted share, decreased 78% year-over-year compared to GAAP net income of $58.0 million, or $0.53 per diluted share, for the first quarter of fiscal 2011. On a non-GAAP basis, net income for the first quarter of ...

OSRAM has signed an agreement with Townsend Ventures, LLC to increase its stake in Encelium Technologies from 15 percent to 100 percent. This move will enhance the company's position in two key global growth markets, LED based technologies and Light Management Systems (LMS). Encelium is an ideal complement to OSRAM and OSRAM SYLVANIA's General Lighting portfolio of energy-efficient lighting products and solutions. Encelium, headquartered in Teaneck, N.J., is a leading software technology development company concentrating in advanced l...

Source inform that Aixtron, has slashed its sales guidance for 2011 and reduced its order backlog by €100 million, based on talks with its Asian customers revealed increasing macro-economic concerns. Previously, Aixtron’s target was  €800 million-€900 million.However, it now expects to post sales of between €600 million and €650 million. With the average cost of a piece of MOCVD kit around €2-2.5 million, the new guidance suggests that Aixtron has cut its shipment expectations for 2011 by as many as one hundreds units. It may has a...

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