Lighting Industry News

Next Week, It's Boston Lights

October 21, 2016: 8:14am
Boston Lights Exhibit and Conference will be held on 26 OCT at  the Westin Waterfront from 10am until 8 pm.  We love this bi-annual show because there is so much compacted into one day which makes for a very productive event.  Access to the exhibit hall is free and the conference portion is only $30 in advance.   All  seminars are available for continuing education credits from the American ... Read More

Philips Lighting Sees Tough Time for Sales Growth

October 21, 2016: 7:38am
Philips Lighting NV (LIGHT.AE) said Thursday a return to positive comparable sales growth was likely to be delayed until next year, as it reported a 21% fall in net income for the third quarter. The Dutch company, which was spun out from Koninklijke Philips NV PHIA earlier this year, blamed softer market conditions in the Middle East and Turkey, as well as in some European countries, for the de... Read More

Cree Falls 11% on Earnings; Pauses Acquisitions

October 20, 2016: 7:29am
Revenue fell 13% to $371 million, but revenue from continuing operations was down 16% to $321 million. On the bottom line, the company had net income of $566,000, which is breakeven per share, but the loss per share from continuing operations was $0.03. The loss was well below the $0.11 per share in earnings expected from Wall Street.  Read this story at Motley Fool. ----------------------------... Read More

Valmont Report Higher Operating Income

October 20, 2016: 6:47am
OMAHA, Neb., Oct. 19, 2016 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and mechanized irrigation equipment and services for agriculture, today reported third quarter results.   --  Revenues were $610.2 million, down 3.5% year-over-year reflecting lower       sales in the Utility Suppor... Read More

More Changes in ChiTown. Cree Moves from Direct Sales to Agency Model

October 18, 2016: 12:39pm
EXCLUSVIVE:  MUST CREDIT EDISONREPORT.   EdisonReport has learned that John Daly and John Rimbos will establish a new rep agency in Chicagoland called R&D Lighting and Controls.  R&D’s flagship line will be Cree, who presently has a direct sales force in that market.   Developing….... Read More

Eaton Announces a Call for Entries for the SOURCE Awards National Lighting Design Competition, Celebrating 40 Years of Lighting Design Excellence

October 18, 2016: 12:37pm
PEACHTREE CITY, Ga. … Power management company Eaton today announced that the company is now accepting entries for the 40th Annual SOURCE Awards national lighting design competition. In celebration of the 40th anniversary, Eaton has increased the number and value of the awards given to professional and student winners. The SOURCE Awards competition, which focuses on furthering the understan... Read More


October 17, 2016: 9:31am
PITTSBURGH, Oct. 17, 2016 /PRNewswire/ -- WESCO International, Inc. (WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials and advanced supply chain management and logistics services, today announced the appointment of Mr. David S. (Dave) Schulz as its Senior Vice President and Chief Financial Officer, effective October 17, 2016.   M... Read More

ABB Lighting Renames Itself as Above All Lighting

October 17, 2016: 6:34am
Editor's Note:  ABB Lighting was not related to the multinational conglomerate ABB. ABB Lighting, a leading manufacturer of LED fixtures, announced that it has officially changed its name to Above All Lighting. The "Above All" name helps create a more distinct name for the company as it strives to continuously improve and earn a spot among the best in the LED lighting field.        ... Read More

UnshackLED IP Launched to Combat Abusive LED Patents

October 16, 2016: 5:34pm
Earlier this month we reported the launch of an innovative new company, UnshackLED IP.  As many in our audience are aware, the LED lighting industry has experienced a wave of lawsuits based on patents that apparently cover technology that existed before the patents were granted.  Many have complained to the EdisonReport that several patents should never have been issued by the patent office in t... Read More

Green Creative: From Living in a Car to $40M in Sales in 5 Years

October 14, 2016: 7:01am
Cole Zucker was a door-to-door salesman living in his car, showering at gyms and selling products out of a suitcase before his lighting company took off. For nearly a year, Zucker faced fierce resistance from business owners who had relationships spanning generations with more established companies. Read more at the SF Business Times. ... Read More

Wattstopper and LeGrand Team up to Tune Color

October 14, 2016: 6:56am
Wattstopper® and Lumenetix® Expand Partnership Ushering in a New Era of Advanced Digital Lighting ApplicationsExclusive licensing agreement accelerates commercialization of lighting solutions that enable up to three channel LED tunable white control and high precision dimming capabilities.SAN JOSE, Calif., Oct. 14, 2016 /PRNewswire/ -- Wattstopper, a product line of Legrand, announced today that... Read More

Hubbell's Rebecca McCall Appointed Vice Chair of NEMA’s Luminaire Section

October 13, 2016: 1:42pm
Greenville, SC.   October 13, 2016    Hubbell Lighting, a global leader in lighting innovation, announced today that Rebecca McCall has been appointed Vice Chair the Luminaire Section of the National Electrical Manufacturers Association’s (“NEMA”) Lighting Systems Division.... Read More

Introducing "Paleo' Lighting

October 13, 2016: 6:55am
We’ve all heard about the Paleo diet. Essentially, it is based on eating only the types of foods assumed to have been eaten by early humans during the Paleolithic or Stone Age period (which lasted about 2.5 million years).  This diet comprises mainly meat, fish, vegetables, and fruit.  It has been asserted that this high protein/low carb diet is in harmony with the metabolic adaptations that e... Read More

China’s Sanan in Talks With Osram

October 11, 2016: 6:55am
Shares in Osram (OSRn.DE) jumped to a record high on Thursday on a magazine report saying Chinese chipmaker Sanan Optoelectronics Co Ltd (600703.SS) wants to buy the German lighting company. Sanan wants to present a "qualified" takeover offer for Osram by mid-October, German magazine WirtschaftsWoche reported, citing unnamed sources involved in the negotiations.... Read More

Weather Bulletin: Hurricane 'Danny' Hits North Carolina. Toll at 40+

October 08, 2016: 7:41am
On October 6, Cree announced the addition Danny Castillo as President of Lighting.  Chuck Swoboda, Cree chairman and CEO, said  “The addition of Danny Castillo to the leadership team brings valuable industry expertise and proven business leadership to Cree as we scale the business to the next level.” On Friday, we learned of a layoff at Cree from different sources.  We contacted the compa... Read More

Introducing UnshackLED--A Company Dedicated to Deterring Patent Threats

October 07, 2016: 12:37pm
EdisonReport has learned of a new unique subscription-based company being launched and is dedicated to deterring patent threats against LED lighting companies. The company,  “UnshackLED,” plans to invalidate bad patents through strategic use of the relatively new Patent Office proceeding called “Inter Partes Review”  (IPR) that allows for cost-effective challenges to the validity of pat... Read More

Cree Names Danny Castillo as President of Lighting

October 07, 2016: 7:33am
DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (CREE) announces the appointment of Daniel Castillo as President, Lighting, effective Nov. 7, 2016. In this role, Castillo will report to Chuck Swoboda and will lead both the commercial and consumer lighting businesses. Castillo joins Cree from Eaton Corporation, where he was most recently Senior Vice President, Oil, Gas and IEC Assemblies. Prior to his w... Read More

TCP Announces Completion of Audit Committee Investigation, Extension of NYSE Deadline and Amendment of Credit Agreement

October 06, 2016: 7:15am
AURORA, Ohio, Oct. 5, 2016 /PRNewswire/ -- TCP International Holdings Ltd. (NYSE: TCPI) today announced the results of its previously disclosed Audit Committee investigation into certain payments made by the Company's Chairman, Ellis Yan, and into potential related party transactions involving Ellis Yan and the Company's Vice Chairman, Solomon Yan.  The Audit Committee concluded that:   --  T... Read More

Acuity Reports Record Results; Operating Profit Jumps 21%

October 05, 2016: 6:24am
ATLANTA, Oct. 05, 2016 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (AYI) (“Company”) today announced record fourth quarter and full-year results for net sales, net income, and diluted earnings per share (“EPS”).  Fiscal 2016 fourth quarter net sales of $925.5 million increased $166 million, or 22 percent, compared with the year-ago period.  Operating profit for the fourth quarter of fiscal... Read More

Philips Said to Be in Talks to Sell Lumileds Unit to Investment Firm

October 04, 2016: 7:56am
Royal Philips NV is in talks to sell its Lumileds lighting-components division to Apollo Global Management LLC after scrapping a plan to sell the business for $2.8 billion earlier this year amid regulatory concerns, people with knowledge of the matter said. Apollo is the likeliest buyer after other private equity firms dropped out of talks, said the people, who asked not to be identified because ... Read More