2016-10-21

Hot Picks of the Week Oct.17-21

Micro-LEDs, why do we love you so much, when commercialization will take another five to ten years? Despite the long incubation period ahead before micro-LED screens can reach mass production stage, Facebook’s VR subsidiary Oculus announced it absorbed Irish micro-LED company InfiniLED. The strategy seems eerily familiar with the one launched by Apple years back in 2013, when it took Luxvue under its wing, so Oculus and its parent company Facebook are potentially eyeing micro-LEDs for its next generation VR headsets.
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2016-10-21

Target Recalls Halloween LED Gel Clings Over Button Battery Chocking Hazards

LED gel clings can separate and expose the inner decal and LED/button battery compartment, posing choking and button battery ingestion hazards to children.
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2016-10-21

Continental Offers to Purchase Siemen’s Stake in Osram

Chinese investors are not the only ones showing interest in purchasing Siemen’s 17% stake in Osram, according to a latest report from German business magazine Manager Magazin.
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2016-10-21

Philips Lighting Announces Revenue up 16% in 3Q16

Philips Lighting reports sales at EUR 1.7 billion, continued profitability increase led by gross margin improvement; solid cash flow
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2016-10-21

The 700th Member Joins Philips Lighting’s LED Licensing Program

Philips Lighting, a global leader in lighting, announced that it had signed up its 700th member for its EnabLED Licensing Program for LED luminaires and retrofit bulbs and that 100 new members have joined in the last nine months. The program, which gives companies a license and support to use its patented innovations, saw a 36% growth in member companies from Asia in the same period. 
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2016-10-19

Long Wait Ahead for Commercialization of Micro-LEDs

Global LED manufacturers are starting to develop micro-LED but there are still many bottlenecks to overcome before it can enter mass production, and most industry experts agree it might take another five to 10 years before it can be commercialized.
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2016-10-19

Lite-On Revenue Soars in 3Q16

Taiwanese LED manufacturer Lite-On reported double digit growth for third quarter of 2016, reported Money DJ.
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2016-10-19

Samsung Raises AMOLED Prices to Cover Note 7 Losses

Samsung Electronics scrapped its flagship Galaxy Note 7 after a series of explosion incidents caused by faulty batteries that has dented its brand reputation. Industry insiders estimate the Korean electronic conglemorate might raise DRAM, AMOLED and other component prices to compensate losses incurred from the Note 7 incidents.
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2016-10-19

Canadian City Kelowna Rolls out Pilot LED Streetlight Project

Canadian city Kelowna located inthe south of Canada’s British Columbia province launched a pilot LED streetlight project that could help the city save millions of dollars and cut costs, reported CBC News.
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2016-10-19

Australian Researchers Urge LED Streetlight Conversion

More and more of us are switching to LED bulbs in our homes – now a Queensland research team led by QUT scientists wants Australia’s street lights to be switched over to LEDs.
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2016-10-19

Cree Reports Revenue Decline for First Quarter of Fiscal Year 2017

Cree, a market leader in LED lighting, announced consolidated revenue of US $321 million from continuing operations, and $50 million from discontinued operations, for a combined revenue of $371 million for its first quarter of fiscal 2017. This represents a 13% decrease compared to combined revenue of $425 million ($381 million from continuing operations and $44 million from discontinued operations) for the first quarter of fiscal 2016 and a 4% decrease compared to the fourth quarter of fiscal 2016. Combined GAAP net income for the first quarter of fiscal 2017 was $0.6 million, or $0.00 per diluted share, compared to combined GAAP net loss of $24 million, or $0.24 per diluted share, for the first quarter of fiscal 2016.
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2016-10-18

German Deputy Economy Minister Proposes Protecting High-tech Companies against Foreign Takeovers

Germany’s Deputy Economy Minister Matthias Maching submitted a proposal comprising of six key points to government officials to review investment at the EU level on Monday, Reuters cited local newspaper Welt am Sonntag reporting.
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2016-10-17

Cree Layoffs Have Limited Impact on Durham

Cree recently had laid off a small number of employees, including at its Durham headquarters, reported Triangle Business Journal.
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2016-10-17

Foxconn-Sharp to Make OLED Panels in China

Foxconn and its newly acquired Japanese subsidiary Sharp might be making OLED panels for smartphone makers in China by 2019, a Nikkeireport cited those familiar with the matter saying.
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2016-10-17

Kolkota in India Launches Solar Lighting Project in Slums, Southern Indian City to Roll out Large Street Light Project

The Indian government is launching a large scale lighting project valuing INR 10 billion (US $150 million) subsidies to provide affordable solar lights to families living in poverty in Kolkata, India, reported The Economic Times.
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2016-10-17

Oculus Acquires Micro-LED Company InfiniLED

Oculus, the virtual reality headgear developer owned by Facebook, has newly acquired an Irish micro-LED company InfiniLED, reported Venture Beat.
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2016-10-17

Adam Hall Group Forms OEM Partners with Daslight Interface to Expand Lighting Control Product Applications

Cameo® DVC 4 Powered by Daslight is a new DMX Interface and the first product to come from the recently begun partnership between the Adam Hall Group and renowned software developer, the Nicolaudie Group. The Cameo® Interface offers 512 DMX channels and comes at the attractive price of 279 euros. The accompanying DMX control software Cameo® D4 for putting on impressive light shows is available as a free download.
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2016-10-17

ABB Lighting Renames as Above All Lighting

ABB Lighting, a leading manufacturer of LED fixtures, announced that it has officially changed its name to Above All Lighting. The "Above All" name helps create a more distinct name for the company as it strives to continuously improve and earn a spot among the best in the LED lighting field.        
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2016-10-14

Hot Picks of the Week Oct. 11- 14

San’an Opto said that the company has engaged in preliminary discussions with Osram upon a potential acquisition or partnership. However, the two parties only met once to discuss related issues so far.
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2016-10-14

Philips is in Talks to Sell Lumileds to American Private Equity Firm

Royal Philips NV is in discussion to sell its lighting-components division, Lumileds to American private equity firm, Apollo Global Management LLC, reported Bloomberg Technology.
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2016-10-13

German Court Grants Preliminary Injunction Against Mouser Based on Nichia’s YAG Patent

On September 29, 2016, Nichia Corporation (“Nichia”) filed a request for a preliminary injunction in Germany at the Düsseldorf District Court against Mouser Electronics Inc. (“Mouser”), alleging that the white LED product “334-15/X1C5-1QSA” manufactured by Everlight Electronics Co., Ltd. (“Everlight”) and distributed by Mouser in Germany infringes Nichia’s YAG patent EP 936 682 (DE 697 02 929).
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2016-10-13

Cree Trims Jobs at Durham Headquarters for its Business Conditions

Cree confirmed that the company has laid off approximately 2.5% of its employees at its Durham headquarters, reported the Journal Times. The company reported that local job cuts and an unspecified number of jobs that were eliminated out of “response to current business conditions.”
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2016-10-11

San’an Opto Refutes Plans of Acquiring Osram

San’an Opto clarified rumors that it was in acquisition talks with Osram on Monday.
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2016-10-11

IEA to Apply India LED Bulb Policies in Indonesia

The International Energy Agency might try replicating India’s LED bulb policy in Indonesia to lower costs of the efficient lighting technology, reported The Hindu.
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2016-10-11

Nichia Settles YAG Patent Lawsuit with UK Retailer B&Q

In June 2016 NICHIA commenced a lawsuit claiming that certain white LED-containing products sold by B&Q plc, the largest DIY company in the UK, and sourced from third-party Asian manufacturers infringed Nichia's European “YAG” patents.
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2016-10-11

Yaming Lighting Appoints New GM for Middle East and North Africa Office

Chinese LED lighting company Yaming Lighting appointed Ayhan Siriner as the new general manager for Middle East and North Africa (MENA) region as part of its regional deployment strategy.
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2016-10-11

Cree Names New President of Lighting

Cree appoints Daniel Castillo as President, Lighting, effective Nov. 7, 2016. In this role, Castillo will report to Chuck Swoboda and will lead both the commercial and consumer lighting businesses. Castillo joins Cree from Eaton Corporation, where he was most recently Senior Vice President, Oil, Gas and IEC Assemblies. Prior to his work at Eaton, Castillo held leadership roles in lighting and other electrical product areas at both Cooper Industries and General Electric.
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2016-10-11

Arizona Tunnel Upgrades to LED Lighting System

The Queen Creek Tunnel on US 60 east of Superior now has a LED lighting system, making it Arizona’s first tunnel to have this innovative and energy-saving technology.
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2016-10-07

Osram Finalizes Acquisition of Novità Technologies

Effective Oct. 4, 2016, Osram, a leading global lighting and technology company, has successfully completed the acquisition of Novità Technologies, a U.S. manufacturer of automotive LED modules which are used primarily in tail lights, fog lights and daytime running lights. With this move, Osram will further expand its position in the U.S. automotive LED market. “The successful closing of this transaction is a further step in our strategy to strengthen our leading position in automotive lighting and to expand our LED automotive portfolio for project business,” said Hans-Joachim Schwabe, CEO of the Specialty Lighting business unit. 
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2016-10-07

[Update] Government Policy Undertones in Chinese Investors Interests in Acquiring Osram

Chinese LED chip manufacturer San’an Opto is in talks of acquiring Osram group, German magazine Wirtschaftswoche reported Thursday, without indicating information sources.The acquisition talks are more than just business transacations, but reveal Chinese government's industry policies, analyzed LEDinside.
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GE is working to unleash the ultimate living experience through a suite of connected products designed to make your life simpler and help you do more. First on that journey is a contemporary LED table lamp that embeds Amazon Alexa Voice Servic... READ MORE

The new, decorative DL 30 LED town and park luminaire from Osram radiantly illuminates towns and cities. Whether for squares, crossings, parks or residential areas, the new LED generation for illuminating urban areas meets the essential requir... READ MORE