Lighting Industry News

Cree Reports 4Q Loss; Stock Drops

August 23, 2017: 5:19am
DURHAM, N.C. (AP) _ Cree Inc. (CREE) on Tuesday reported a loss of $5.9 million in its fiscal fourth quarter. The Durham, North Carolina-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share. The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research wa... Read More

OSRAM Acquires Digital Lumens

August 23, 2017: 5:12am
Osram has agreed to acquire Digital Lumens Inc., a U.S. company based in Boston, Massachusetts that specializes in industrial IoT solutions. Founded in 2008, Digital Lumens employs 65 people and in the last fiscal year generated sales in the mid-double-digit millions (USD). The Digital Lumens software platform can be used to run applications covering everything from intelligent lighting control,... Read More

China Finally Cracks Down on Pollution, Affecting BigChinaLED. Power, Water Cut-off

August 22, 2017: 7:45am
Chinese Version of EPA Cuts off Water, Electricity to Lighting Violators.  See below Email from Luminaire Supplier to a US Company.  From: XXXXXXXXX 
Sent: Monday, August 21, 2017 5:52 AM
To: XXXXXXXX
Subject: Material & EP Issue Dear Valued Customers Hope this email finds you well.  I believe you have noted that there are some serious things now happening in China. It's related... Read More

Study Claims Link Between Breast Cancer an Urban Lighting

August 22, 2017: 5:59am
New research reveals an unexpected potential risk factor for breast cancer: city lights. The Harvard Medical School study found an association between living in areas with high amounts of ambient nighttime light and slightly increased odds for breast cancer in younger women who smoke.... Read More

Lighting Designer Wins Suit Against Brad Pitt

August 22, 2017: 5:58am
French lighting designer Odile Soudant was awarded €565,000 (about $667,000) by a French court in a legal battle against Brad Pitt, co-owner of Château Miraval, the seventeenth-century wine-producing estate in Provence that Pitt bought for about $60 million with his then-partner Angelina Jolie in 2012.... Read More

John Daly and Patrick Ronan to NICOR

August 18, 2017: 8:50am
Internal NICOR Memo below: Hello NICOR Team! I’d like to extend a special welcome to John Daly and Patrick Ronan who will soon join the NICOR team. John Daly joins our leadership team as Vice President of Sales and Patrick is our new Western Regional Sales Manager. John was recently principal of R&D Lighting & Controls, a lighting agency representing NICOR in Illinois, a... Read More

Brad Pitt in $600K Dispute with Lighting Designer

August 18, 2017: 6:48am
Ten days later, she said Pitt sent an email saying: “I don’t know how things happen in France but in the United States, friends don’t attack friends. I’ve been nothing but a fan of your work. Do not attack. Let’s finish the project and be proud of it. The work is too good to end on a bad note. Life is too short, my friend.”... Read More

LSI Posts 4Q Results. Without Atlas, Sales Drop 11% Year-over-Year; Controls Grow 50%

August 17, 2017: 1:54pm
CINCINNATI, Aug. 17, 2017 (GLOBE NEWSWIRE) -- LSI Industries Inc. (LYTS) today:  reported FY 2017 net sales of $331,392,000, an increase of 3% over $322,196,000 in the prior fiscal year.  Excluding the acquisition of Atlas Lighting Products, organic sales declined 3% year-over-year;  reported FY 2017 net income of $3,000,000, or $0.12 per share, a decrease of 68% as compared to net incom... Read More

A Summer of Funk!

August 17, 2017: 6:36am
Your humble editor prides himself as being one of the industry's biggest cheerleaders.  At EdisonReport we try to accent the positive aspects, but there are times we have to report negative issues and this is one of those times.  At the IES Annual Conference, I approached 13 colleagues (12 friends) from luminaire manufacturers and asked how their sales were during the summer:  In a Funk Fla... Read More

Heard at the Conference...

August 16, 2017: 7:16am
Networking is one of the many great benefits of the IES Annual Conference and much of the discussion centered around price decreases and the influence of BigChinaLED.  We'll have a story on that subject on Thursday. Below are a few of the discussion topics:  Cree is on the acquisition trail.  EdisonReport has learned of two companies which Cree has expressed an interest, but nothing appears... Read More

Shawn Toney to Legrand--Updated 15 AUG, 5:25 pm

August 15, 2017: 9:48am
Exclusive.  Must Credit EdisonReport.   EdisonReport talked to a company spokesman who would neither confirm nor deny our story. However, she did emphasize that the structure of Legrand would stay as is and the lighting companies that make up Legrand will continue to operate completely independent with the full support of Legrand.  Specifically they will offer the same innovative, quality p... Read More

IES Annual Conference--Best AC in Many Years

August 14, 2017: 7:11pm
The days of the IES Annual Conference being on automatic pilot are over. Last week's Conference in Portland, which was sold out,  was one of the best in years--if not in decades!.  There are many reasons and credit goes to the IES Staff, IES Board of Directors and the many volunteers who make it all happen.   We can’t pinpoint one single decision that dramatically increased attendance, but be... Read More

800 Submissions for IES Illumination Awards

August 14, 2017: 2:47pm
Chair Megan Carroll hosted the 44th Illumination Awards ceremony at the IES Annual Conference last week and it was flawless.  The audience was quite, respectful and professional.  We, and several in the audience,  could not help but to contrast this ceremony to the IESNYC Lumen Gala, where the audience was a bit restless.  Megan explained that there were 800 submissions—the most ever.  On... Read More

More Pushback Against New York's Bridge Lighting Plan

August 14, 2017: 10:05am
Republican lawmakers and Mayor Bill de Blasio say the money should instead go toward fixing the city's troubled subways. A government watchdog group this month called for a state probe into what it says are conflicting explanations for how much the lights cost and where that money will come from. Estimates have ranged from $216 million to $350 million. Administration officials say the details are ... Read More

GE Postpones Construction of New Boston Headquarters

August 14, 2017: 9:02am
General Electric Co. ( GE) has postponed the completion of its new headquarters located in Boston as the multinational conglomerate corporation looks to spread out the costs of the $200 million project, the Boston Globe reports. The delay is also seen as a part of new CEO John Flannery's goals to cut spending at GE, whose stock has sunk over 19% year-to-date. GE's move to Boston comes after 40 yea... Read More

Energy Focus Reports Net Loss of $3.1M

August 09, 2017: 6:22am
SOLON, Ohio, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (EFOI), a leader in LED lighting technologies, today announced financial results for the second quarter ended June 30, 2017. Second Quarter 2017 Financial Summary Net sales for the second quarter of 2017 of $6.0 million, consisting of $5.2 million in commercial and $0.8 million in military maritime sales, compared to $7.1 millio... Read More

NEMA vs. CEC; NEMA Files Suit!

August 08, 2017: 1:39pm
“While that rulemaking was underway, the California Energy Commission (CEC) adopted energy efficiency standards for LED light bulbs that are different from what DOE has been considering. At the same time, CEC also proposed energy efficiency requirements for small diameter directional or reflector lamps that DOE has indicated it is regulating. This is exactly the kind of state regulation th... Read More

Don't Miss the Illumination Awards at the IES Annual Conference

August 08, 2017: 7:34am
The Conference is sold out this year for the first time in recent memory. As a former IES President, your humble editor could not be more thrilled that the Conference is back and in a big way.  We caught up with Megan Carroll at JFK on her way to Portland and here is what we learned: Most years there are 400 to 500 submissions, this year there were 800--the most submissions ever. 14 Awards... Read More

Reid: "Blue Light is Bad for Moths"

August 08, 2017: 6:29am
But Geoff Reid wasn't glowing about it, saying some of the lights could negatively affect New Zealand's more than 2000 species of moth, as the tone of the light changes from golden yellow to white. "Moths are really important in our ecosystem. They are kind of these central key species because they not only provide food for birds, they pollinate plants and also provide food for other insects," R... Read More

LSI Lays off 75

August 07, 2017: 7:02pm
One of Cincinnati’s largest public companies announced the layoffs of about 75 workers. LSI Industries Inc. (Nasdaq: LYTS), a lighting and graphics manufacturer based in Blue Ash, announced Friday that it reduced its salaried workforce by about 6 percent in its most recent quarter.  ... Read More