2011-07-21

GE Lighting Spent $15-20 million to Acquire Lightech

Reportedly, GE Lighting has injected  $15-20 million to acquire  Lightech Ltd., which is still caught in legal proceedings following the failure of its acquisition by Carmanah Technologies Corporation. It’s said that Lightech was formed by David Schreiber and his son Zvi, who serves as CEO in 1992. The company specializes in components for managing the energy supply to lighting units in order to save energy. The company designs drivers and transformers for use in LED and halogen lighting which it manufactures in China....
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  Lighting is stepping out of the background and into the spotlight as Philips Smart Lighting expands its Wi-Fi-based smart lighting portfolio. The new products are designed to help people shape spaces that reflect their mood, personality... READ MORE

Philips Hue and Philips Smart Lighting (connected by WiZ) - part of Signify, the world leader in lighting - have announced the launch of Sports Live, a new software available during the Championship 2026. Sports Live uses live match data to tr... READ MORE