Business & Event News

Business News | Jul 30, 2010
PHILIPS ACQUIRES TIR SYSTEMS
Amsterdam, The Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that it has reached an agreement with TIR Systems Ltd. under which Philips will acquire all of the outstanding shares of TIR Systems for a total consideration of approximately C$ 75 million, or approximately EUR 49 million, to be paid in cash upon completion. Read more »
Business News | Jul 30, 2010
LED chipmaker Arima Opto spins off LD business
The board of directors at Arima Optoelectronics (Arima Opto) has decided to spin off its laser-diode (LD) division and set up a new company named Hua Xin Optronics (transliterated from Chinese), according to a company filing with the Taiwan Stock Exchange (TSE). Read more »
Business News | Jul 30, 2010
Konica and GE to jointly develop OLED lights
Japan`s Konica Minolta Holdings said on Tuesday it has tied up with General Electric Co. to jointly develop flexible and thin lighting products using organic light-emitting diode (OLED) technology. Read more »
Business News | Jul 30, 2010
NEXXUS LIGHTING to acquire ADVANCED LIGHTING SYSTEMS
Orlando, Florida: Nexxus Lighting, Inc. (NASDAQ: NEXS), a world leader in advanced lighting technology, including solid-state LED and fiber optic lighting systems and controls used in commercial, architectural, signage, swimming pool and retail lighting today announced that it has signed a non-binding letter of intent to acquire Advanced Lighting Systems, Inc (ALS) a leader in solid-state LED and fiber optic lighting technology based in Sauk Center, Minnesota. Read more »
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