2015-02-12

Orion Energy Systems Announces Proposed Public Offering of Common Stock

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced that it intends to offer US $15,000,000 of shares of its common stock in an underwritten public offering. All of the shares in the offering are to be sold by Orion. Orion also expects to grant the underwriter a 30-day option to purchase additional shares equal to up to 15% of the aggregate number of shares to be sold in the offering to cover over-allotments, if any.
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2015-02-11

HC SemiTek 96 MOCVDs Acquired in 2014 to Enter Production in 2015

It will take some time before the effects from MOCVDs and other LED chip equipment acquired in 2014 will become evident, but it is expected the new equipment will make significant contributions to this year’s revenue growth, announced Chinese LED manufacturer HC SemiTek recently in an investor relations statement.
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2015-02-11

MLS Chairman Poised to Become Billionaire After IPO

Following leading Chinese LED package manufacturer MLS’s recent IPO announcement, a Bloomberg report estimated the company’s Chairman Sun Qinghuan will be joining the billionaire club after the IPO.
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2015-02-11

MLS To Raise RMB 960 Million in Shenzhen IPO

China’s leading LED package manufacturer MLS, which has earned a reputation as “price slasher” in the LED industry, recently announced it will be raising RMB 960 million (US $ 153.87 million) through a Shenzhen IPO to expand its production capacity and increase liquidity, according to a Chinese Business News reports. MLS actions indicates the LED industry is entering another industry restructure phase.
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2015-02-11

Samsung Display to Invest in OLED Production Line

It seems Samsung Display has not quite given up on OLED TVs yet, and has no intention of letting rival compatriot LG Display become a monopoly in this sector, according to a recent Reuters report.
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2015-02-10

Top Korean LED Manufacturer Lumens To Expand in Japan Through Joint Venture

Vying the lucrative Japanese market, leading Korean LED manufacturer Lumens announced it has signed a joint venture agreement with Japanese company TN Holdings, according to a Japanese media SankeiBiz report.
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2015-02-10

Orion Energy Systems Reports Soaring LED Growth for 3Q15

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2015 third quarter and nine months ended December 31, 2014.
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2015-02-05

Osram Records Good Start into Fiscal 2015

Osram recorded a strong operating performance in the first quarter of the current fiscal year that started in October 2014. With growth of 0.5 percent, revenue was slightly above the year-earlier period on a comparable basis, i.e. excluding portfolio and currency effects. In nominal terms, the company even recorded a revenue increase of five percent to almost €1.4 billion, resulting from the weakness of the euro against key currencies and the acquisition of Clay Paky. EBITA1 excluding special items rose 23 percent to EUR 151 million (US $171.45 million) in the first quarter, translating into a margin of 10.8 percent. 
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2015-02-03

Rubicon Technology Appoints Senior Vice President of Optical Business

Rubicon Technology, a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today announced the appointment of Hap Hewes as Senior Vice President, Optical. He will lead marketing and business development activity for sapphire products in the aerospace, optical, consumer electronics and industrial markets.
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2015-01-30

Everlight Chairman Rebuts Media Claims of Exiting LED Tube and Bulb Market

Everlight Chairman Robert Yeh issued a statement clarifying a recently misleading Taiwan media report that claimed the company was abandoning the LED tube and bulb market.
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2015-01-30

Sapphire Maker Roshow Technology Net Profit Plunges in 2014

Chinese sapphire manufacturer Roshow Technology reported plummeting net profits in 2014, according to a company announcement on Jan. 29, 2015.
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2015-01-28

Nationstar Major Shareholder Sells Shares in Company

Chinese LED manufacturer Nationstar Chairman of the Supervisory Juyi Tsai has further sold his shares in the company.
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2015-01-28

PIDA: Taiwanese LED Manufacturers Growth Rates to Overtake Several Asian Competitors in 2015

Taiwan’s LED component industry market value is expected to grow 14% in 2015, according to estimates by Taiwan’s Photonics Industry and Technology Development Association (PIDA).
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2015-01-28

Who is the Wealthiest Founder Among China’s Listed LED Manufacturers?

As an emerging industry, the LED market has received a lot of attention from investors, especially listed LED companies, according to a hc360.com report. The following wealth listing, is based on listed LED manufacturers market value, share value, and founder company shares.
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2015-01-28

Philips 4Q14 Sales Drop Despite Growth in Lighting Business

Group Financials have been restated as of the fourth quarter of 2014 and for prior periods to show the results of the combined businesses of Lumileds and Automotive as discontinued operations in connection with the process of attracting third-party investors.
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2015-01-27

NVC Lighting Appoints Wang Donglei as CEO

NVC Lighting, which has suspended trade on the Chinese bourse, recently appointed Wang Donglei as the company’s official CEO, according to a report by Chinese media Tencent.
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2015-01-27

LED Maker Silan Microelectronics Reports Soaring Net Profits in 2014

Chinese LED manufacturer Silan Microelectronics (Silan) recently announced net profits soared in 2014 by 30% to 50% compared to the same period in 2013.
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2015-01-27

NEMA: LED Shipments Exceed Traditional Luminaires in U.S.

NEMA’s Lighting Systems Index increased 1.9 percent from the second to the third quarters of 2014, climbing to its highest level to date in calendar year 2014.  The index posted a gain of 4.1 percent on a year-over-year basis. Shipments of emergency lighting, fixtures, and miniature lamps improved during the quarter; however, ballast and large lamp shipments fell.
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2015-01-27

Cree Lays off 300 Contract Workers

A recruiting and staffing firm for Cree has laid off 319 contract workers that work for the LED company in Durham, North Carolina, U.S., according to a news & observer report.
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2015-01-26

TLLIA Projects Taiwan's LED Output Value to Grow at Double-Digit Rates in 2015

Taiwan’s LED gross output value could soar at double digit rates in 2015 as local suppliers seek out various application sectors to boost shipments, said Taiwan’s LED Lighting Industry Association (TLLIA).
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2015-01-26

Philips Outlines Egypt Market Strategy for 2015

Having established a foothold in the Egyptian market, Tamer Abol Ghar, CEO of Philips North East Africa, recently spoke Egypt media Daily News about the company’s plans for 2015.
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2015-01-23

Access Fixtures Reports Soaring Revenue in 2014

Access Fixtures, a leader in commercial and sports lighting, is proud to announce a 53% revenue growth in a year-over-year comparison from 2013 to 2014. Specifically, LED products exceeded a growth of 100% year-over-year, demonstrating the constant advancement of LED technology and rapid adoption of LED products, including LED bollard lights,LED wall packs, and LED flood lights. LED product sales now exceed 50% of Access Fixtures total revenue.
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2015-01-22

Leyard International Military Orders Peak in 2014

Chinese LED manufacturer Leyard’s oversea military orders reached nearly RMB 100 million (US $16 million) last year, according to a Jinghua report.
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2015-01-22

TrendForce Acquires Topology to Strengthen International Market Strategy

TrendForce, a global market intelligence firm, announced today that it has become the majority shareholder of Topology Research Institute, and has fully acquired operation and management rights. Kevin Lin, the CEO of TrendForce, will also hold the title of Chairman of Topology. Topology’s operations, brand, and managing staff will be under the same business model after the merger.  LEDinside is a research division of TrendForce.
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2015-01-22

Universal Display and Sumitomo Chemical Sign OLED Lighting Technology License Agreement

Universal Display and Sumitomo Chemical (Sumitomo Chemical) today announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Sumitomo Chemical non-exclusive license rights, under various patents owned or controlled by Universal Display, to manufacture and sell solution-processed organic light emitting diode (OLED) lighting products. The agreement runs for the life of Universal Display’s relevant intellectual property rights.
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2015-01-22

Digital Lumens Continues High Growth in Smart Lighting Sector in 2014

Digital Lumens announced today that deployments of its enterprise-scale Intelligent LED Lighting System span 200 million square feet (20 million square meters) of commercial and industrial space. This represents 100% installed base growth in 2014, bringing the Internet of Things (IoT) to customers around the world.
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2015-01-21

Cree Reports Slight Revenue Decline for 2Q15

Cree, a market leader in LED lighting, today announced revenue of $413.2 million for its second quarter of fiscal 2015, ended December 28, 2014, which is similar to revenue of $415.1 million reported for the second quarter of fiscal 2014. GAAP net income for the second quarter was $12.2 million, or $0.10 per diluted share, a decrease of 66% year-over-year compared to GAAP net income of $35.7 million, or $0.29 per diluted share, for the second quarter of fiscal 2014.
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2015-01-16

San’an Opto’s Headhunting Activities Irk Epistar Shareholder

A major Epistar shareholder has demanded for Chinese LED chip manufacturer San’an Opto to withdraw investments in the company, due to the Chinese company’s headhunting activities, according to a recent Economic Daily News report.
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2015-01-16

HC Semitek to Issue Bonds to Raise RMB 500 M

Chinese LED manufacturer HC Semitek announced on Thursday, it would be privately issuing bonds to raise RMB 500 million (US $80.81 million) to replenish the company’s depleted cash flow and improve finances.
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2015-01-15

Unity Opto to Take Legal Action Against Cree

Taiwanese LED manufacturer Unity Opto Technology (Unity Opto) is planning to retaliate against Cree’s recent patent infringement lawsuit, according to a Money DJ report.
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MaxLite adds to its portfolio of architectural-grade linear fixtures with the L-FORM™, a slender LED luminaire designed to deliver continuous runs of high-quality illumination in narrow suspended or surface mounted interior applications.... READ MORE

Panasonic Corporation announced today that it has developed the industry’s smallest*1 semiconductor device, the “PhotoMOS”[1] CC type series, which achieves low consumption current and contributes to equipment downsizing. The... READ MORE