Lighting Industry News

Philips Lighting Quarterly Profit Jumps on Soaring LED Sales

July 22, 2016: 7:21am
LED-based sales grew 25%; account for 53% total revenue Adjusted Ebita margin widens to 9.3%; shares advance  Philips Lighting NV said second-quarter profit rose 16 percent as the world’s largest lighting manufacturer boosted sales of products based on more energy-efficient light-emitting diodes. Adjusted earnings before interest, taxes and amortization increased to 161 ... Read More

GE Profit Beats Estimates

July 22, 2016: 6:24am
NEW YORK, July 22 (Reuters) - General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. A boost from the sale of its appliances business also lifted earnings.... Read More

Richard Agriss to Retire from ELS

July 21, 2016: 2:01pm
EdisonReport can confirm that Richard Agriss from Enterprise Lighting Sales after 28 years of service.  The retirement is effective at the end of the ELS Expo, which is held 16/17 NOV at the New York Metropolitan Pavilion.  Richard has been a significant player in the New York specification market for three decades and we wish him well.  ... Read More

LBL: Off-grid Lighting Could Create 2M Jobs in Developing Countries

July 20, 2016: 2:22pm
Berkeley Lab researcher Evan Mills, who has been studying lighting in the developing world for more than two decades, has conducted the first global analysis of how the transition to solar-LED lighting will impact employment and job creation. His study was recently published in the journal Energy for Sustainable Development in a paper titled, "Job creation and energy savings through a transition... Read More

Val Landers to Leave IES

July 19, 2016: 2:23pm
In a letter to IES members, Tim Licitra, Executive Vice President, announced that Val Landers would be leaving IES on 4 AUG.  In his message, Licitra, stated, " is important to note that without her hard work and efforts over the last three decades we would not be as fortunate to be in the position that we are today. If you have time, please feel free to congratulate her on a great tenure an... Read More

Ken Hawley to Leave Venture Lighting

July 19, 2016: 2:18pm
Venture Lighting International, Inc., the Twinsburg, Ohio producer of innovative lighting products, and Ken Hawley, Vice President of North American Sales and Marketing have agreed that Mr. Hawley will leave the company effective 22 JUL 2016. Ken has been with Venture Lighting since October of 2001 and he has been responsible for the North America business unit for the majority of that time.  W... Read More

Janie Lynn, R.I.P.

July 19, 2016: 1:38pm
JANIE LYNN We celebrate the passing of a wonderful woman. Janie Lynn passed Saturday, June 6, 2016. Janie Lynn was born Aug. 27, 1944, in Cleveland. Janie was an entrepreneur and leader her whole life. After 18 years in the jewelry business and traveling alone with a fortune of jewels and gold, she became one of the earliest founders of LED Lighting, starting LED, Inc. and Turboflare International... Read More

LEDs Magazine Announces Launch of Horticultural Lighting Conference

July 19, 2016: 6:12am
TULSA, Okla., July 18, 2016 /PRNewswire/ -- LEDs Magazine, owned by PennWell Corporation and part of the PennWell LED & Lighting Network, announced today the launch of the Horticultural Lighting Conference to be held October 12, 2016 at the Palmer House Hilton Hotel in downtown Chicago, IL. Connecting research and technology to end user applications, this specialized one-day conference ... Read More

LEDVANCE Survey: 76% of Americans Agree Smart Bulbs will Eventually Replace Regular Bulbs

July 18, 2016: 6:49am
WILMINGTON, Mass.--(BUSINESS WIRE)--The eighth annual SYLVANIA Socket Survey, a nationwide measure of public attitudes about energy-efficient lighting and awareness of lighting trends, was released today by LEDVANCE. The industry-benchmark survey found lighting to be one of the top forms of smart technology Americans own, with a 40 percent increase since 2015. The results also showed more than 60 ... Read More

Ingo Bank is New Chief Financial Officer at OSRAM

July 18, 2016: 6:40am
Ingo Bank, 48, joins Osram from Parexel, a U.S. biopharmaceutical service provider where he served as Chief Financial Officer. He will take up his post at Osram on September 1, 2016. “In Ingo Bank, we have found a financial expert with a proven track record and a strong international background. At the same time, he has extensive knowledge of technology markets, including the lighting industry,... Read More

Will OSRAM sell to MLS (Forest Lighting)? We think Yes.

July 15, 2016: 7:19am
EdisonReport believes that OSRAM will sell its lamp business to MLS (Forest Lighting.)  Today, we read in Bloomberg that other bidders, including a private equity firm, are still interested and no final decisions have been made.  However, the same article says that MLS is the frontrunner. Read the Bloomberg article here.... Read More

Cree Stock Jumps 11%

July 15, 2016: 6:41am
Cree (CREE) is jumping on Thursday, after it reported late last night that it agreed to sell its Wolfspeed unit to Infineon Technologies (IFNNY) for $850 million.... Read More

Please Welcome Cree 3.0

July 14, 2016: 7:50am
Cree’s planned $850 million sale of its power and radio frequency business to German semiconductor maker Infineon Technologies expedites the Durham company’s “transition to Cree 3.0,” CEO Chuck Swoboda told analysts Thursday.... Read More

Cree Sells RF Division, Wolfspeed, for $850M Cash

July 14, 2016: 6:52am
Transaction Sharpens Cree’s Strategic Focus on LED Lighting  DURHAM, N.C., July 14, 2016 - Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG (FSE: ... Read More

SemiLeds Reports 18% Decline in Revenue

July 13, 2016: 6:20am
HSINCHU, Taiwan, July 12, 2016 (GLOBE NEWSWIRE) -- SemiLEDs Corporation (LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced its financial results for the third quarter of fiscal year 2016, ended May 31, 2016. Revenue for the third quarter of fiscal 2016 was $2.4 million, an 18% decrease compared to $2.9 million in the second ... Read More

Acuity's Nagel Sells $17.5M in Stock

July 13, 2016: 6:17am
Chairman, President, and CEO of Acuity Brands Inc (AYI) Vernon J Nagel sold 65,060 shares of AYI on 07/11/2016 at an average price of $268.3 a share. The total sale was $17.5 million.... Read More

Please Welcome the Transcend® Alliance

July 12, 2016: 6:50am
Molex has announced that six partners have joined the Transcend® Alliance, a consortium of companies working together to expand and promote the use of network-connected lighting in commercial buildings by developing and implementing new systems and protocols. New, integrated lighting network solutions, such as the Transcend® connected lighting system from Molex, are rapidly becoming an integral... Read More

GE Stock Price Reaches Highest Point Since 2008

July 12, 2016: 6:48am
Now GE focuses on "the very best things," according to Brown, who says aerospace, healthcare, robotics and automation "are four of the most important secular markets over the next five to 10 years."... Read More

Revolution Technologies Sells Portion of Company to Customer

July 08, 2016: 7:42am
STAMFORD, CT--(Marketwired - July 07, 2016) - Revolution Lighting Technologies, Inc. (RVLT)("Revolution Lighting"), a global provider of advanced LED lighting solutions, today announced that one of its key distributors, Brightness LLC, has purchased 175,000 shares of the Company's common stock, worth approximately $1 million as part of a private placement effective June 27, 2016. The $1M stock p... Read More

Acuity Acquisitions Keep Coming. Announces Plan to Acquire DGLogik

July 07, 2016: 7:02am
ATLANTA, July 7, 2016 - Acuity Brands, Inc. (AYI) today announced it has acquired 100 percent of the equity interests of DGLogik, Inc., a San Francisco Bay Area-based provider of innovative software solutions that enable and visualize the Internet of Things (IoT).  DGLogik`s solutions provide users with the intelligence to better manage energy usage and improve facility performance. Its custo... Read More