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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2015-04-24

Indian Manufacturers Might Lose Large LED Orders to Chinese Competitors

The Indian government rolled out a massive green policy last October to replace the country’s 750 million tungsten bulbs with LEDs. But it will be Chinese companies that might acquire the potentially INR 240 billion (US $3.78 billion) worth of LED orders in the Indian market, due to domestic companies limited supply and lack of finances to meet this demand, reported Hindustan Times.
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2015-04-22

MLS Meets 2014 Net Profit Goals, Releases SMD LED Production Capacity

China-based LED company MLS recently announced the company had met its 2014 revenue target of RMB 4 billion, or 39.25% growth compared to the same period in 2013.
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2015-04-22

Cree Net Income Plunges in 3Q15

Cree, a market leader in LED lighting, announced revenue of US $409.5 million for its third quarter of fiscal 2015, ended March 29, 2015. This represents a 1% increase compared to revenue of $405.3 million reported for the third quarter of fiscal 2014.
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2015-04-22

MaxLite Appoints New VP of Product Management and Engineering

Reinforcing the company’s commitment to providing innovative, quality LED lighting solutions, MaxLite has appointed Greg Galluccio, an executive with more than 30 years of electrical industry experience, as vice president of product management and engineering.
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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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MaxLite provides the nostalgic look and warmth of Edison-style filament incandescent bulbs with the energy-saving benefits of LED technology in its new Filament Lamp Series.
Designed for retail, residential and hospitality appli... READ MORE

Plessey announced today that its dotLED range, designed specifically for wearable applications, has been expanded with a wider selection of colours, including red, green and blue. The extremely small LED die have a footprint of only 0.2mm x 0.... READ MORE