2015-04-22

[Breaking News]: Osram Spins Off General Lighting Business

German lighting giant Osram announced it will be spinning off its general lighting business including general LED lighting into an independent company.
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2015-04-21

Havells Acquires Indian LED Company Pompetec Renewable Energy Solutions

Indian electric goods maker Havells has acquired a controlling 51% stake in LED and solar energy company Pompetec Renewable Energy Solutions, reported The Economic Times.
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2015-04-17

Backlight Revenue Drives Up Lianovation Net Profit by 40% in 2014

Lianovation recently announced its revenue was up 22.14% to RMB 1.96 billion (US $320 million) in 2014.
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2015-04-17

LED Installer ForceField Energy Busted for Paid Stock Promotion

Seeking Alpha, a U.S. financial content service provider, has recently revealed ForceField Energy, a LED installation and energy efficient lighting company engagement in misleading paid stock promotion.
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2015-04-17

Osram Raises EBITA Margin Outlook for 2015 Due to Favorable Currency Effects

OSRAM Licht AG recorded a continued positive operative earnings development in the second quarter of fiscal 2015. The adjusted EBITA of EUR151 million for the second quarter of fiscal 2015 was positively impacted by favorable currency relations. This results in an adjusted EBITA margin of 10.8%. Based on today’s consultations, the Management Board therefore expects an adjusted EBITA margin of above 9.0% for fiscal 2015.
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2015-04-14

Corning Supplies Glass Substrates to OLEDWorks

Corning Incorporated today announced a collaborative agreement with OLEDWorks to develop unique, flexible, and conformable OLED lighting solutions using Corning® Willow® Glass as an integrated substrate.
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2015-04-09

AIXTRON Acquires OLED Encapsulation Company PlasmaSi

AIXTRON SE, one of the world’s leading manufacturers of deposition systems for the semiconductor industry, today announced that it has acquired privately held Silicon Valley-based PlasmaSi, Inc. effective 1 April 2015. The purchase price is US $16 million and will be paid in cash.
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2015-04-08

Acuity Brands Partners with Key Equipment Finance to Provide Finance Program for Clients

Acuity Brands and Key Equipment Finance announced that the two companies have teamed up to provide flexible financing solutions to qualified Acuity Brands customers converting to energy-efficient LED lighting and installing smart lighting networks. Key Equipment Finance is one of the largest bank-held equipment finance companies in the U.S. and an affiliate of KeyCorp.
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2015-04-07

Lumileds Remains Largely Unaffected After Go Scale Capital Acquisition

LEDinside recently interviewed Kevin Lucido, Director of Global Marketing Communications at Lumileds, Philips, about the company’s business and technology developments after Go Scale Capital acquires the company.
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2015-04-01

WinterGreen Research: LED Agricultural Grow Lights Market to Reach $1.8 Billion By 2021

LED grow light module markets at US $395 million in 2014 are forecast to reach $1.8 billion by 2021.  Rapid growth is anticipated as green house and plant factory growers find the LED grow lights improve agriculture, projected WinterGreen Research.
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2015-03-31

[Breaking News] GO Scale Capital Investment Consortium Leads 80.1% Acquisition of Philips Lumileds

GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners has announced today that it will acquire an 80.1% interest in Philips' combined LED components and Automotive lighting business, with Philips retaining the remaining 19.9%* interest. The transaction values the business at an enterprise value of approximately USD 3.3 billion. The transaction is expected to be completed in the third quarter of 2015, subject to closing conditions, including customary regulatory approvals.
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2015-03-31

Veeco Appoints New Member to Board of Directors

Veeco Instruments announced Susan Wang has been nominated for appointment to its Board of Directors. Her appointment is subject to shareholder approval, which is being sought at Veeco’s 2015 annual meeting of stockholders, scheduled to occur on May 13, 2015.
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2015-03-30

LED Lights Can Help India Save $7 B Annually, Says Power Minister

By replacing inefficient incandescent bulbs with LEDs, India could save up to $7 billion per year, said the country’s Power Minister Piyush Goyal recently.
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2015-03-30

SFCE Secures Ownership Stake in Lattice Power

Shunfeng International Clean Energy Limited (SFCE) announced that it has signed an MOU with Lattice Power to acquire a 51% ownership stake in the company. SFCE's successful bid in Lattice Power is a milestone for the listed company as it transitions to become a global low carbon solutions provider. Lattice Power's gallium nitride (GaN) on silicon technology is exclusively patented worldwide, offering significant cost advantages compared to sapphire substrate technology LED. The partnership expands SFCE's portfolio and increases the profitability of the listed company.
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2015-03-30

Digital Lumens Expands Product Team to Accelerate Expansion of Lighting and Energy Management Solutions

Digital Lumens announced strategic expansions to its team, with Kaynam Hedayat joining as Vice President of Product Management, and Jason Hanna as Director of Software Products. These new executives will help Digital Lumens expand its lighting and energy management solution portfolio, which brings the benefits of the Internet of Things (IoT) to commercial and industrial customers worldwide.
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2015-03-25

Epistar Chairman: LED Backlight Market Demands Will Bounce Back in April

Backlight orders have eased this month, but will rebound in April, a UDN report cited Epistar Chairman B.J. Lee saying at Taiwan International Lighting Show (TILS) 2015.
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2015-03-24

Korean LED Vendor Wells Lighting Creates 200 Jobs in U.S.

Georgia Governor Nathan Deal announced that Wells Lighting, a Korea-based light manufacturer, will locate its first North American headquarters in Millen, creating more than 200 jobs and investing $30 million into the project over the next two years.
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2015-03-19

Sharp Rumored to Cut 6,000 Jobs

Beleaguered Sharp will be shedding 10% of its workforce, and inject 200 billion Japanese Yen (US $1.66 billion) in a global restructure plan, reported Reuters and several other Japanese media including Nikkei.
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2015-03-19

HC Semitek Turns Around Losses in 2014

HC Semitek reported exponential revenue growth during 2014 fiscal year, reported Chinese-media Sina.
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2015-03-19

Lunera Lighting Implements Industry Data Warehouse

Lunera® Lighting, a leader in lighting innovations accelerating the transformation to advanced LED technology, is pleased to announce it has selected Industry Data Exchange Association (IDEA) Industry Data Warehouse (IDW) as its electronic data synchronization platform. Electronic data transfer makes it easier for Lunera to quickly connect with its own salesforce and customers for more effective business-to-business e-commerce.
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2015-03-18

Everlight and Edison Opto Deny Merge Rumor

Representatives from Everlight and Edison Opto have recently rebutted an earlier Digitimes report claiming the two companies were in acquisition talks.
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2015-03-17

Another 519 Complaints Filed Against Foshan Lighting

In the ongoing Foshan Lighting deceptive financial lighting case, another 519 plaintiffs are now demanding compensation, reported Chinese media Sinai.
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2015-03-17

Samsung To Focus on Silicon-based LED Chip Technology in 2015

Samsung Electronics will be scaling up investments in LED chip business this year, specifically in silicon substrate based LED technology, according to a Money DJ report.
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2015-03-17

Yankon Group's Independent Director Resigns

A chair member of listed Chinese LED manufacturer Zhejiang Yankon Group (Yankon) has recently resigned, stated the company in a recent press release.
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2015-03-17

Applied Ventures Broadens Portfolio With RayVio UV LED Investment

Applied Ventures, the venture capital arm of Applied Materials and a leading corporate venture firm, announced today that it has participated in a Series B financing round for RayVio Corporation, an advanced UV LED solutions company developing proprietary semiconductor-based technology for manufacturing solid state ultraviolet (SSUV) LED products and applications. RayVio's patented technology is intended to enable large-scale adoption of UV LEDs for the industrial, digital health and consumer sectors, with a variety of applications to benefit society.
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2015-03-16

HC Semitek Estimates Heavy Losses in 1Q15

HC Semitek projected it will be incurring heavy losses from January 1 to March 31, according to a Chinese media Securities Time report.
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2015-03-16

Chinese Manufacturer Lattice Power Contends for Philips Lumileds Ownership

Chinese startup Lattice Power has emerged as an unexpected bidder in the auction of Philips lighting component business, reported Reuters.
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2015-03-16

Nitride Solutions Closes $3M in New Funding for AlN Substrates

Nitride Solutions a developer and manufacturer of advanced nitride substrates for LEDs, lasers, and power electronics—announced today that it has successfully closed US $3 million in new funding as Hansol Chemical, Greenpoint Global Mittelstand Fund, and Silicon Pastures Angel Investment Network joined the company’s investor group. Funds will be used to expand production of the company’s aluminum nitride substrate offerings, as well as to accelerate market introduction of its high-performance thermal management coatings.
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2015-03-16

LED Source Partners Up with Philips and Ketra

LED Source, North America’s leading LED lighting solutions provider, has made a name for itself as an industry leader by providing products and solutions that represent the latest in LED technology. Celebrating a decade in business, the company Entrepreneur Magazine rated as one of the top new franchises on its 2015 New Franchise list is now leveraging multiple partnerships with leading lighting companies like Philips and Ketra to expand its contributions to commercial LED lighting.
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2015-03-13

Sharp Transiting into Integrated Smart Power Solution Provider

According to a TrendForce photovoltaic analyst’s understanding, financially struggling Sharp might not be withdrawing from the solar business after all.
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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

Hubbell Lighting, a world leader in lighting innovation, announced that Dual-Lite has launched the NEMA 4X Dynamo Emergency Light. Designed for complex industrial applications, the high output Dynamo enables spacing up to 74’ at 12&rsquo... READ MORE