Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials,announced today that Rosemarie B. Greco has been named to the Company's Board of Directors. Ms. Greco brings to Universal Display a wealth of experience in building and managing successful organizations, including demonstrated success in executive leadership, director-level governance, building high value partnerships, and advancing projects from vision to execution.

BYD Group’s lighting business saw considerable growth last year, despite the group’s reported revenue decline, according to a cnledw report.

Terralux, Inc announces that EnerTech Capital, a leading energy technology venture capital firm, led an $11 million growth investment in the company. Joining EnerTech in this round are investors Generation Investment Management, Crawley Ventures, Emerald Technology Ventures, GC&H Investments, and Founder & CTO, Dr. Anthony Catalano.

Struggling Japanese electronic manufacturer Sharp will be shutting down its Mihara Electronic Component Plant, according to a latest Chinese-language Nikkei report.

Olaf Berlien, Chief Executive Officer of Osram Licht AG, has taken the company’s Annual General Meeting (AGM) as an opportunity to announce the promotion of new technologies and innovations. “We will drive new technologies and innovations by using selective incentives and investments,” Berlien told shareholders on Thursday. “I have dedicated a further EUR 10 million from the Managing Board’s budget to fund projects like Lightify,” he said. Osram's Lightify system was recently launched on the market and enables wireless control of all the features light has to offer.

Leading U.S. LED luminaire manufacturer TCP International’s (TCP) stock ratings have taken a blow following a complaint filed against the company and CEO by its general counsel Laura Hauser.

Chinese LED manufacturer MLS has become China’s second most valuable listed LED company within a week. The company’s shares have soared on the Chinese bourse for five consecutive days since Feb. 27, 2015 bringing its total market value to RMB 20.15 billion (US $3.21 billion).

Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and year ended December 31, 2014.

Taiwanese LED manufacturer Unity Opto’s LED lighting order visibility has reached five months, according to a China Times report.

Philips outlined its intention of offering an initial public offering (IPO) for its lighting business in a recent annual shareholders agenda press release.

Affected by the Chinese Lunar New Year holiday season, Taiwanese LED manufacturer Everlight’s revenue in February dipped slightly. However, with workdays returning to norm in March, the company expects revenues to rebound, according to a MoneyDJ report.

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced the completion of an underwritten public offering of 5,462,500 shares of its common stock at a purchase price of $3.50 per share. The offering includes the exercise in full of the underwriter’s over-allotment option to purchase an additional 712,500 shares of common stock. The net proceeds to the Company from this offering were approximately $17.5 million, after deducting underwriting discounts and other estimated offering expenses.

Chinese LED luminaire manufacturer Opple Lighting has been expanding its presence in India’s retail market with customized ‘Made for India’ LED products in South India, according to a report by Indian media BusinessLine.

LED Engin, a leader in high flux density LED products, announces a global distribution agreement with Digi-Key, the industry leader in electronic component selection, availability, and delivery. From today, LED Engin’s LuxiGen™ emitters and secondary lenses are available through Digi-Key’s global websites. With over 500,000 customers, Digi-Key is one of the most popular online destinations for electronic component purchases.

Epistar’s epiwafer utilization rates are expected to rise to at least 70% in March, according to several Taiwanese media reports.

Effective start 2015, Jes Munk Hansen is heading OSRAM’s Classic Lamps & Ballasts (CLB) business unit, taking on this assignment alongside his duties as CEO of the Region Americas.

LED Source, a franchisor of LED lighting products, announces the introduction of new Chief Operating Officer Sanford (Sandy) Lechner, CFE. Bringing years of experience working within the franchise community, Lechner is joining the company recently named on the Inc. 5000 list of America’s fastest-growing companies, its fourth consecutive year on the list.

GE reported strong growth in LED lighting business,but overall lighting business slid down by 1%, due to declining traditional luminaire sales.

Most new stocks on the market rarely achieve skyrocketing growth rates, but investors that have betted on MLS shares are probably thrilled at the moment.

In a recent financial statement, Nationstar highlighted positive growth during fiscal year 2014.

The UK’s Lighting Industry received a huge boost this week as the Lighting Industry Association received a share of GBP 1.3 million (US $2 million) from the Government’s Regional Growth Fund to further develop its laboratory services (LIA Laboratories) and new Lighting Training Academy.

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.

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.

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.

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.

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.

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.

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.

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. 

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.