2016-01-04

[Update] Siemens Might Not Sell Stake in Osram

In a recent interview with German magazine Manager Magazin, Siemens CEO Joe Kaeser affirmed he was surprised by Osram’s R&D investment plans, and noted the company had not sold a single share it had in Osram.
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2016-01-04

Santander Rolls out 90,000 LED Lighting Retrofit Project

 A GBP17.5 million (US $25.75 million) investment by UK Green Investment Bank and Sustainable Development Capital Limited is UK’s largest ever fully-funded LED lighting retrofit project. About 90,000 new lights to be installed across Santander’s entire UK estate of 800 branches and 14 office buildings. The project will generate energy savings of more than 50% and cut greenhouse gas emissions by more than 7,000 tonnes annually.
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2015-12-31

[Update] Ombudsman Finds Bangkok Authorities Used 2016 Budget to Foot Extravagant Lighting Show Bill

The Bangkok Post followed with an update of findings from The Office of the Ombudsman pointing that the Thailand capital’s city hall extravagant lighting show was financed using budget allocated for next year.
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2015-12-30

Yankon Lighting and Roshow Technology Receive Subsidies from Chinese Government

Yankon Lighting announced on December 29 that the company received subsidies from China’s Ministry of Industry and Information Technology (MIIT) for “Industrial upgrade to smart manufacturing and IoT+ mobile support security project—Secured chip improvement and application.”
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2015-12-30

HC Semitek Suspends Trade Ahead of Large Investment Deal

HC Semitek announced on Dec. 28, 2015 that the board of directors discussed with local government about large investment valuing RMB $5 billion (US $770 million) in the next three to five years.
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2015-12-30

Navigant Research Projects Global Connected Lighting Control Revenue in Commercial Buildings to Reach US $38.2B by 2024

A recent report from Navigant Research examines the global market for commercial building lighting controls, including forecasts for unit shipments and revenue, segmented by equipment type, building type, construction type, technology, and region, through 2024.
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2015-12-30

Bangkokians Question Necessity of City Hall Decorative LED Lighting Project

Thailand capital Bangkok’s large city hall LED lighting upgrade project has attracted criticism from netizens, who have questioned city officials’ decision to spend emergency budget on 5 million LED bulbs, reported Thai Visa News.
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2015-12-29

Oversupply Situation Drives Korean Manufacturers to Slim Down LED Business

The oversupply situation in the LED industry this year has urged large Korean LED companies to size down, according to a Money DJ report by citing Korean media ETNews.
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2015-12-29

Analyses of Asian Buyer's Benefits from Acquiring Siemens Stake in Osram

Siemens has been indiscreet about its dissatisfaction with Osram’s R&D strategy recently. A report from German media Handelsbatt on Monday pointed out the lighting company’s largest shareholder intends to sell its 17% stake to an Asian buyer, just one week after Siemens announced it was unsupportive of Osram new business strategy.
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2015-12-28

[Breaking News] Siemens Considers Selling Stake in Osram

Osram’s largest shareholder Siemens might be considering selling its 17% stake in the company, reported Reuters.Citing a report from leading German newspaper Handelsblatt, a source in the industry revealed Siemens might sell its stake in Osram to an Asian manufacturer. No further details were offered about the potential Asian candidate.
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2015-12-28

Epistar, Epileds and High Power Lighting Join Invisible LED Bandwagon

The LED lighting industry outlook for invisible LED business opportunities has been increasingly optimistic, with many international and Taiwanese companies jumping in this new blue sea market. Japanese, Korean, European and American manufacturers are all developing UV LEDs for curing, sterilization, medical, water and air purification systems. Security, retina recognition markets that require IR LED, are also presenting new business and technology opportunities for LED companies specializing in these fields.
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2015-12-25

Siemens' Unaware of Osram’s LED R&D Plan

In response to partly misleading media reports ‒ most recently in the Mittelbayrische Zeitung under the headline "Siemens knew" ‒ regarding the involvement of Siemens in the planned strategic realignment of Osram AG, Siemens comments as follows:
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2015-12-24

Despite Indian Consumers Warming up to LED Lights, Some States are Delaying Streetlight Installation

Indian consumers are embracing the LED replacement wave, and have swapped more than 10 million traditional and CFL bulbs with LEDs within the last month, but some states have been delaying LED streetlight upgrades ahead of the upcoming elections, reported Indian media.
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2015-12-24

Shell Canada Gives Green Technology Startups Financial Boost

Seven Canadian climate entrepreneurs will be going into 2016 with a significant financial lift from a new grant program being offered by Shell Canada in collaboration with Canadian Geographic. 
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2015-12-23

Top 10 Acquisitions Terminated in the LED Industry in 2015

Having survived oversupply in the LED industry, and endured a harsh winter, listed LED manufacturers have been leading the way in mergers and acquisitions in 2015. Listed companies mergers grew significantly this year to become a major trend on the market. Listed companies acquisitions and trade value have grown exponentially, reflecting features of listed companies merging with smaller companies. More than 37 merger deals were negotiated as of October 2015, and have continued to grow.
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2015-12-23

Orion Energy Systems Seals Deal with Multi-Billion Dollar Major Global Retailer

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms, today announced a multi-billion dollar global retailer with over 575 warehouse club operations has selected Orion LED retrofit lighting as the spec for its retail stores and corporate offices.
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2015-12-23

Veeco Wins Several Advanced Packaging System Orders from a Leading Asian Foundry

Veeco Instruments announced today that it has received multiple orders from a leading foundry in Asia for its Precision Surface Processing (PSP) WaferStorm™ system.  The WaferStorm platform provides wafer processing solutions for advanced packaging applications.
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2015-12-22

PIDA: Philips to Drive Down LED Bulb Prices to Below US $1

In the era of LED lighting, traditional lighting brands have continued to control the market’s developments, reported PIDA. Lighting giant Royal Philips (Philips) slashed 2-packed LED bulb prices to US $4.97 on April 22, 2015. A single bulb price during the promotion period that lasted till July was about $2.49 per bulb, reported Chinese-language media Money DJ.com.
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2015-12-22

India BIS Updates LED Luminaire and Electronic Standards

To coordinate with the market situation and considering the requests from users, recently BIS has published below notifications for CRS.
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2015-12-22

Billion Electric Installs Smart Connected Lights in Taipei

Billion Electric, a leading networking and energy management solutions provider, today announces that it is in a strategic partnership with numerous LED streetlight vendors to deploy its Smart Streetlight Control Solution (LCMS) for a city-wide street light infrastructure project, providing automatic dimming and energy saving controls based on environmental illumination, motion, and regional sunrise and sunset schedules. Billion is in collaboration with the Bureau of Energy, Taiwanese Ministry of Economic Affairs to expand its system capacity controlling up to 6,000 street lights for a freeway project.
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2015-12-22

Eon Electric Installs 33K LED Streetlights in Indian City Jodhpur

India-based Eon Electric Limited (EEL), a manufacturer of energy-efficient LED lighting products, has secured an extended LED streetlight installation contract aimed at replacing conventional streetlights with LEDs in Jodhpur.
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2015-12-22

Indian Power Minister: Government to Distribute 60M LED Bulbs Nationwide

The Indian government aims to distribute more than 60 million LED bulbs through State-owned Energy Efficiency Services (EESL) within one year, said the country’s Power Minister Piyush Goyal recently.
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2015-12-21

Changelight Appoints Weiyong Wang as New Chairman

Chinese LED manufacturer Changelight Chairman Dianming Deng has retired from his role as the company chairman, and successor has been chosen by the company board, according to a recent company statement.
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2015-12-21

Philips Appoints New Member to Board of Management

Royal Philips announced that today’s Extraordinary General Meeting of Shareholders (EGM) appointed Abhijit Bhattacharya as a member of the Board of Management with effect from December 18, 2015.
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2015-12-18

MLS Denies Rumors of Acquiring Epistar

Chinese LED maker MLS as a potential acquisition of Taiwanese LED chip manufacturer Epistar has become the latest gossip in Taiwan’s LED industry. Following the market rumors, the LED chip maker’s shares have soared, giving the LED stock market a major boost. Market rumors claim Chinese manufacturers potential investments in Taiwanese companies have allowed local LED enterprises to reevaluate their market value. However, LEDinside interviews with local market research companies noted the chances of MLS acquiring Epistar was fairly low, and the Chinese company’s current focus was mostly directed towards bidding Osram’s lighting business.
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2015-12-17

Apple Working on Display Technology at Secret Lab in Taiwan

According to a Bloomberg report, Apple’s secret facility in Taiwan is working on display technology, most likely OLED panels.
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2015-12-16

NEMA Praises U.S. DOE’s Regulatory Decision Affecting HID Lamps as Traditional Lighting Shipment Declines

The National Electrical Manufacturers Association (NEMA) commends the U.S. Department of Energy on its Dec. 2, 2015 decision that mandatory energy conservation standards for high-intensity discharge (HID) lamps are not technically feasible or economically justified. Furthermore, the DOE determined that higher energy conservation standards for HID lamps would not yield significant energy savings for the nation.
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2015-12-15

Dow Chemical Acquires 100% Stake in Dow Corning

Expecting more than $1 billion in additional annual EBITDA at full run-rate synergies. Transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies and is expected to be accretive to Operating EPS, cash flow from operations and free cash flow in the first full year after the close of the transaction. Combination deepens Dow’s portfolio in attractive end use applications such as building and construction, consumer care, and automotive.
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2015-12-15

TongYiFang Optoelectronic Expands Business Strategy to Target Specialized Markets

How do people manage a company? Do they try expanding the company business to make it big and comprehensive? Or do companies focus all their resources on a few selected businesses? Manufacturers’ business strategies may vary. For TongYiFang Optoelectronic (TongYiFang) both strategies are equally important, it is important to have a narrow focus to clarify the company's market position before expanding into other business markets.
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2015-12-15

DuPont and Dow Chemical to Combine in Merger of Equals

Highly synergistic transaction expected to result in run-rate cost synergies of approximately $3 billion, which are projected[1] to create approximately $30 billion of market value Approximately $1 billion in growth synergies are also expected to be achieved Combined market capitalization will be approximately $130 billion at announcement Andrew N. Liveris will be named Executive Chairman and Edward D. Breen will be named CEO of combined company; Advisory Committees will be established for each business Dow and DuPont shareholders will each own approximately 50 percent of the combined company, on a fully diluted basis, excluding preferred shares
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LED trailblazer Lighting Science® is pleased to debut theVividGroTM line, another innovative series of commercial LED lighting solutions from the industry leader. Tailored to the agr... READ MORE

Today Lumileds introduces the new LUXEON XR-TX module, incorporating 12 LUXEON TX high-efficacy LEDs to produce 3300 lumens and 140 lm/W at nominal drive conditions*. In a convenient rigid form factor, the modules are designed to be readily co... READ MORE