Lighting Industry News

Layoffs at ReneSola

October 20, 2017: 1:03pm
EXCLUSIVE--MUST CREDIT EDISONREPORT.   On 29 SEP, ReneSola published a press release titled, "ReneSola Completes the Disposition of Manufacturing and LED Distribution Businesses and Related Liabilities."  Today, EdisonReport can confirm that a major restructuring is occurring.  ReneSola is an unusual company in that it sells LED lamps and fixtures as well as Solar inverters and modules.  As... Read More

GE Plans to Sell/Spin Off $20B in Businesses

October 20, 2017: 7:32am
Other Wall Street analysts have suggested GE may consider selling assets from lighting, which was part of retiring vice chair Beth Comstock's portfolio, to power conversion and even the locomotive division previously headed by new CFO Jamie Miller.... Read More

Hubbell Increases Dividend by 10%; Announces Stock Buy-Back

October 20, 2017: 7:28am
SHELTON, CT. (October 20, 2017) - The Board of Directors of Hubbell Incorporated (HUBB) today declared a 10% increase in the common stock dividend rate. The new annual payment of $3.08 per share, or $0.77 per quarter, compares to the former rate of $2.80 or $0.70 per quarter. The dividend will be paid on December 15, 2017 to shareholders of record on November 30, 2017.... Read More

GE's New CEO: Results 'Completely Unacceptable.' Stock Price Opens 6% Lower

October 20, 2017: 7:26am
Flannery is considering extensive cost-cutting measures at GE as the company reevaluates its businesses.  "Everything is on the table and there are no sacred cows," Flannery said.... Read More

Leading the Way to a Connected Future at LIGHTFAIR® International 2018

October 20, 2017: 7:17am
ATLANTA, October 19, 2017—Light, technology, knowledge and design connect in a convergence of global introductions, innovations and thought leadership when LIGHTFAIR® International returns to Chicago at McCormick Place May 6 – 10 (Pre- Conference LIGHTFAIR Institute®: May 6 – 7; Trade Show & Conference: May 8 – 10). Attendees from around the world will discover the forward-th... Read More

Philips Lighting Sales Fall 3.5%

October 19, 2017: 8:56am
AMSTERDAM (Reuters) - Philips Lighting (LIGHT.AS), the world’s largest lighting maker, reported a marginal rise in third-quarter core profits on Thursday, meeting analysts’ estimates. Sales fell by 3.5 percent to 1.75 billion euros. Adjusted earnings before interest, taxes and amortization (EBITA) were at 176 million euros ($207 million), up from 175 million euros in the same period and exact... Read More

Cree Reports Mixed Results; Stock Drops 6% Tuesday, but up 16% on Wednesday

October 18, 2017: 8:47pm
Cree (CREE) shares surged by double digits Wednesday as its new chief executive fired up the LED lighting company's stock by indicating to analysts that a new strategic plan may be coming in a few months.... Read More

Green Creative Joins Harbour Group's Portfolio of Companies Alongside ILP

October 18, 2017: 9:27am
San Bruno, October 18th, 2017 – GREEN CREATIVE is pleased to announce its acquisition by Harbour Group, a privately owned, operations focused company based in St. Louis, Missouri.  GREEN CREATIVE Co-founders, Cole Zucker and Guillaume Vidal, will continue their key leadership roles in the business.  GREEN CREATIVE will join alongside ILP Holdings Corporation, a Florida based manufacturer of c... Read More

NGLS Indoor Competition Two Deadline Approaching

October 18, 2017: 8:04am
    NGLS Indoor Competition Two Deadline Approaching!   Next Generation Lighting Systems (NGLS) has officially launched Competition Two of the Indoor Connected Lighting Systems Competition. C... Read More

Call for Papers: 2018 Quantum Dots Forum and Phosphors Global Summit

October 18, 2017: 8:01am
Interested in speaking in 2018? We are currently accepting abstract proposals until October 27th.  Please complete the abstract proposal for consideration.... Read More

Hubbell Lighting's Ron Newbold Named President of LSI Lighting

October 17, 2017: 6:38am
CINCINNATI, Oct. 17, 2017 (GLOBE NEWSWIRE) -- LSI Industries Inc. (LYTS) todayannounced the appointment of Ron Newbold as President of the LSI Lighting Segment.  Mr. Newbold most recently served as Vice President of Brand Management at Hubbell Lighting, and had been with Hubbell since 1997 with progressive leadership positions spanning strategic planning, marketing, sales, and engineering.  H... Read More

Ikea Tradfri Review: Not-So-Smart Lighting Kit

October 16, 2017: 6:56pm
I don't relish the thought of someone having to hold the remote over their head if they're trying to install these lights into a ceiling fixture or chandelier. You also need to pair one bulb at a time, making sure that only one light is turned on, if they're close together. It's much more of a pain than the processes for the Sengled and Philips kits, which let you do everything through their apps.... Read More

Acuity Issues Temporary “Stop Sale” of Some Control Systems Products

October 16, 2017: 5:10pm
EdisonReport has learned that on 6 OCT, Acuity Brands issued a stop sale of the following nLight® products: NPP16 and NPP20 families. According to the Acuity website, nLight® is a networked digital lighting control system that provides both energy savings and increased user configurability by cost effectively integrating time-based, daylight-based, sensor-based and manual lighting control schem... Read More

W.A.C. Issues Strong Response to Philips ITC Complaint

October 13, 2017: 9:13am
"The Cost to Defend...is its Key Weapon..." EdisonReport first published news of the Philips ITC action on 27 SEP and our story pointed out how the ITC complaint was different than past Philips IP complaints as it had the potential of preventing companies from importing and/or selling their products.  On 5 OCT, W.A.C. Lighting filed a response to Philips ITC proposed investigation and the W.A.C.... Read More

UL Gets Well

October 12, 2017: 12:02pm
UL Launches Wellness Certification to Demonstrate Products' Compliance with WELL Building Standard   MARIETTA, Ga., Oct. 12, 2017 /PRNewswire/ -- With the global rise of obesity, disease, inactivity, asthma and depression, the critical importance of wellness is coming into focus. At a time when people spend upwards of 90 percent of their time indoors, architects, designers, constructio... Read More

New LRC Study Evaluates the Blue-Light Hazard From Solid-State Lighting

October 12, 2017: 7:27am
  Blue LEDs The introduction of solid-state lighting using light-emitting diode (LED) technology has ignited widespread interest in the ways that lighting can offer benefits to people, including improved visibility at night, enhanced perceptions of brightness and security, and spectral tuning for management of circadian rhythms. Yet, as illustrated in a recent report from the American Med... Read More

LUX LIVE—More than IoT—Much More!

October 11, 2017: 2:30pm
EdisonReport has been invited to London to cover the LuxLive event held 15 and 16 November, and I can’t recall being more excited about a show.  If you want to attend one of the most dynamic lighting shows in the world and see live demonstrations of IoT, as of this writing, you can fly from New York to London for less than $500 R/T.  LuxLive brings it all together for connected Lighting.  ... Read More

Schneider Electric Donates Portable Lighting Systems to Puerto Rico

October 11, 2017: 7:27am
ANDOVER, Mass., Oct. 10, 2017 /PRNewswire/ -- Schneider Electric today announced it has extended its relief efforts to those affected by Hurricane Maria by donating APC by Schneider Electric lighting and power supplies to the American Red Cross. As part of this donation, the American Red Cross will distribute 3,000 Mobiya TS170 S Portable LED lighting systems and 12,000 APC Mobile Power Pa... Read More

Retiring RockStar to Receive 2017 Cash Bonus

October 11, 2017: 7:11am
Chief Financial Officer Jeff Bornstein and RockStar Beth Comstock will leave the company with their 2017 cash bonuses, the amounts of which haven’t yet been disclosed, plus pro-rated performance awards for 2016.... Read More

LEDucation 2018 Call for Speakers: Deadline is November 19

October 10, 2017: 10:26am
      Presentation Proposals are Being Accepted for LEDucation 2018   LEDucation 2018 planning is in full swing and you are invited to share your knowledge and expertise on subjects related to and about LED Lighting, including applications, practices, control, construction, ... Read More