Business News | Sep 05, 2006

GE invests $100 million to grow its LED lighting business

CLEVELAND, the General Electric Company (GE) through its Consumer & Industrial business and the Nichia Corporation ("Nichia") announced today a strategic alliance agreement to support GELcore, LLC, based in Cleveland, Ohio.

GELcore, formed in 1999, was previously a joint venture between GE and the Emcore Corporation of Somerset, NJ. GE purchased Emcore's 49% interest in the joint venture for $100 million, demonstrating its ongoing commitment to invest in LED technology and the future of lighting.This agreement combines GELcore's LED system strengths in the Transportation, Signage, Specialty Illumination, and General Illumination segments with Nichia's extensive phosphor and optoelectronics products, such as LEDs. Both companies expect to benefit significantly from each other's expertise and penetrate the high-growth LED general illumination segment.

"This agreement is a true win-win outcome for both parties and clearly demonstrates GE's commitment to solid state lighting technology. GE and Nichia's combined excellence creates a preeminent alliance that is ideally suited to support GELcore's efforts to accelerate the growth and penetration of LED-based lighting solutions in the $12 billion global lighting segment," said Michael B. Petras, Jr., Vice President, Electrical Distribution & Lighting.

Noboru Tazaki, Executive Vice President & COO of Nichia, states, "This is a historic agreement when you consider that GE, a world leader in traditional lighting technology and LED systems and Nichia, a world leader in phosphor and optoelectronics technology are joining forces to advance LED technology and accelerate the penetration of LEDs into the general lighting industry."

About GELcore
LLCGELcore, LLC, drives innovation, energy efficiency and cost savings for industries that use LED products, systems and solutions. Fitted with robust, low-voltage, long-life LED light engines, GELcore solutions deliver world-class, GE-grade performance. For more information about GELcore, please visit www.gelcore.com

About GE Consumer & Industrial
GE Consumer & Industrial spans the globe as an industry leader in major appliance, lighting and integrated industrial equipment, systems and services. Providing solutions for commercial, industrial and residential use in more than 100 countries, GE Consumer & Industrial uses innovative technologies and "ecomagination," a GE initiative to aggressively bring to market new technologies that help customers and consumers meet pressing environmental challenges, to deliver comfort, convenience and electrical protection and control. General Electric (NYSE: GE - News) brings imagination to work, selling products under the Monogram®, Profile(TM) GE®, Hotpoint®, SmartWater(TM) Reveal® and Edison(TM) consumer brands, and Entellisys(TM) industrial brand. For more information, consumers may visit www.ge.com.

About Nichia
Nichia is the leading company of GaN-based optoelectronics products, including UV, blue, green and white LED products and blue-violet laser diodes. The application of products includes cellular phones, digital cameras, traffic signals, full-color displays, electronics signboards, and optical storages. Nichia is headquartered in Anan, Tokushima, Japan and has operations throughout the world. Please visit www.nichia.co.jp for more information.

Add comment

You can add a comment by filling out the form below. Plain text formatting. Comments are moderated.

Question: What is 1 + 2 ?
Your answer:
FEATURED

Nichia Showcases LEDs with 'Light so Good'

Nichia Showcases LEDs with 'Light so Good' At Light + Building 2020 held in Frankfurt, Nichia – the leader in high-performance LED solutions – reveals it will present at least three complementary technologies to improve the delivery of light quality under an over-arching banner of 'Light so Good'. Read more »

EDITORIAL

Future Lighting Solutions Launches Offline Lighting System Selector Mobile App for iOS and Android

Future Lighting Solutions Launches Offline Lighting System Selector Mobile App for iOS and Android Montreal, Canada (mynewsdesk) January 21, 2020 - Future Lighting Solutions (FLS), a leading provider of solid-state lighting, engineering expertise and design tools, is proud to announce the launch of their new offline Lighting System Selector for iOS and Android devices. Read more »

EDITORIAL

Researchers from Hokkaido University Let Europium Shine Brighter

Researchers from Hokkaido University Let Europium Shine Brighter A stacked nanocarbon antenna makes a rare earth element shine 5 times more brightly than previous designs, with applications in molecular light-emitting devices. - The europium Eu(III) complex with nanocarbon antenna emitting fine red light. Read more »

EDITORIAL

Zhaga Summit – September 23rd in Bregenz

Zhaga Summit – September 23rd in Bregenz Luger Research and Zhaga are proud to announce that the 2020 LpS/TiL conference will host a Zhaga Summit. This one-day event will provide application-driven introductions to the latest Zhaga standards, review their market reception, and solicit inputs from the specifier community through workshops. Read more »

EDITORIAL

Research Confirms that Light Pollution Can Suppress Melatonin Production in Humans and Animals

Research Confirms that Light Pollution Can Suppress Melatonin Production in Humans and Animals Melatonin sets the internal clock. Researchers from IGB in an international team have analyzed data on the impact of light pollution on melatonin formation in humans and vertebrates. They found that even the low light intensities of urban skyglow can suppress melatonin production. Melatonin ... Read more »

EDITORIAL

CIE Announces Availability of New Documentation: Test Method for OLED Luminaires and OLED Light Sources

CIE Announces Availability of New Documentation: Test Method for OLED Luminaires and OLED Light Sources The new CIE International Standard S 025-SP1/E:2019 is a supplement to CIE S 025:2015 Test Method for LED Lamps, LED Luminaires and LED Modules specifies the requirements for measurement of electrical, photometric, and colorimetric quantities of OLED luminaires and OLED light sources. These sources ... Read more »

EDITORIAL

Care, Caution & Awareness Are Needed When Using LED Lights

Care, Caution & Awareness Are Needed When Using LED Lights Kyra Xavia is a researcher, educator and investigative journalist based in New Zealand. Her roles as general secretary of the Light and Lighting Research Consortium (LLRC), delegate for the International Dark Sky Association (IDA), New Zealand Ambassador for Women in Lighting 2019, and co-leader of ... Read more »