Business News Archive

Business News | Jul 30, 2010
PHILIPS COMMUNICATES VISION 2010 STRATEGIC PLAN
Vision 2010 aims to fuel growth through sharpened strategies for Healthcare and Lighting and an integrated approach to Consumer Lifestyle Philips aims to simplify organizational structure by forming three sectors - Healthcare, Lighting, and Consumer Lifestyle - as next step in evolution into a market-driven, people-centric global leader in its fields Philips expects to more than double EBITA per share by 2010. Read more »
Business News | Jul 30, 2010
DOE Issues Final ENERGY STAR Criteria for SSL Products
DOE Issues Final ENERGY STAR Criteria for SSL Products The U.S. Department of Energy (DOE) has issued the final ENERGY STAR´Program Requirements for Solid-State Lighting (SSL) Luminaires intended for general illumination. Many thanks to all who provided comments on the criteria over many months of development. Your input was very helpful in improving the criteria. Read more »
Business News | Jul 30, 2010
PHILIPS SOLID-STATE LIGHTING SOLUTIONS AWARDED FEDERAL GRANT TO ADVANCE STANDARDS FOR COLOR QUALITY RATINGS
Philips Solid-State Lighting Solutions, the new entity formed by Philips' acquisition of Color Kinetics, today announced it has been awarded a $250,000 contract by the National Institute of Standards and Technology (NIST) - a federal agency that develops and promotes measurement, standards, and technology. Philips Solid-State Lighting Solutions will develop and create a new test system to improve methods for calculating and measuring the quality of a light source. Read more »
Business News | Jul 30, 2010
Exciting times at Advanced LEDs Ltd
Exciting times at Advanced LEDs Ltd Advanced LEDs Ltd UK manufacturer of high performance LED luminaires have taken a big leap forward after signing an exclusive relationship agreement with E.ON Energy Services. This agreement will open up markets in street lighting and enable E.ON to be the first company to offer LED street lighting for major contracts around the world. Read more »
Business News | Jul 30, 2010
Luminus Devices Expands Sales Organization to Target Solid State Lighting Market
Luminus Devices, Inc. today announced its plans to enter the solid state lighting market with the appointment of a new director of sales for the company’s emerging general illumination business. David Sciabica has joined the company as director of sales and will be responsible for sales of PhlatLight products specifically for general lighting applications. Read more »
Business News | Jul 30, 2010
LED Holdings and Lighting Science Group combine forces - Transaction Creates Unique Lighting Solutions Company
LED Holdings, LLC, a global leader in custom LED (light-emitting diode) lighting solutions, and Lighting Science Group Corporation (OTCBB: LSGP), a leading developer and integrator of white light solutions using LED technology, announced today that LED Holdings has contributed all of its assets, including $15 million in cash, to Lighting Science Group in exchange for a combination of preferred and common stock representing 70% of the common stock and 80% of the voting power of Lighting Science Group on a fully-diluted basis. Read more »
Business News | Jul 30, 2010
New Member of "LED City": Ann Arbor Embraces LED Technology
New Member of "LED City": Ann Arbor Embraces LED Technology Cree, Inc. (Nasdaq: CREE), a leader in LED solid-state lighting components, and the City of Ann Arbor, Michigan, today announced that Ann Arbor will join Raleigh, N.C. and Toronto, in the growing LED City™ initiative. In an effort to reduce greenhouse gas emissions and energy consumption, Ann Arbor plans to become the first U.S. city to convert 100 percent of its downtown streetlights to LED technology. Read more »
Business News | Jul 30, 2010
Epistar orders AIXTRON MOCVD tools to boosts GaN LEDs production
AIXTRON AG is pleased to announce the order for multiple MOCVD tools from Epistar, one of the world's leading manufacturers of Ultra-High-Brightness (UHB) LEDs. The order comprises CRIUS Close Coupled Showerhead (CCS) reactors together with AIX 2800G4 HT Planetary Reactor systems, AIXTRON’s Flagship products for large scale GaN based LED production. Read more »
Business News | Jul 30, 2010
OSRAM has certified new partners for LED lighting consulting and engineering
OSRAM has certified two new companies for their LED lighting technology. PublicScreen & Lightsystem Ltd. is specialised in the provision, implementation and project management of cutting edge lighting solutions for large-scale architectural and corporate projects. Tetracis-Plurirede is a company with recognized competence on LED / Electronic circuits design, having capacity for total design solution of LED light application, including lenses and reflectors. Read more »
Business News | Jul 30, 2010
Cree Adds XLamp LED Operations to ISO/TS Certification
Cree, Inc. (Nasdaq: CREE), a leader in LED solid-state lighting components, today announced completion of a successful advancement assessment audit for the company’s ISO/TS16949 certification. This year’s audit includes the XLamp® LED production facility in Durham, as well as the company’s LED chip, power and materials manufacturing operations. The ISO/TS certification demonstrates Cree’s commitment to high-quality product manufacturing. Read more »
Business News | Jul 30, 2010
Toshiba announces agreement with Semitron to grow application solutions via European distribution channel
Agreement in Germany and Switzerland based on technical design in capabilities Toshiba Electronics Europe (TEE) has expanded its distribution channel in central Europe by signing a franchise distribution agreement with technical distributor Semitron W. Röck GmbH. The agreement will cover Germany and Switzerland and is in line with TEE’s plans to grow European sales through the distribution channel. Read more »
Business News | Jul 30, 2010
Cree Launches Solutions Provider Program
Cree, Inc. (Nasdaq: CREE), a leader in LED solid-state lighting components, today announced a new value-added solutions providers program. The Cree Solutions Providers network offers customers a full range of LED lighting-system solutions and design assistance to help accelerate time to market and reduce product development costs. Read more »
Business News | Jul 30, 2010
PHILIPS ANNOUNCES AGREEMENT TO ACQUIRE GENLYTE A LEADING NORTH AMERICAN LUMINAIRES MANUFACTURER
Philips to pay approximately USD 2.7 billion (EUR 1.8 billion) based on an offer price per share of USD 95.50 Deal creates #1 lighting company in North America. Philips and Genlyte to grow business by introducing Philips innovative, greener and solid state lighting technologies in North America through Genlyte's extensive contacts with distributors, architects and designers, and by introducing Genlyte s products to an international market. Deal leverages Philips earlier successful acquisitions of Color Kinetics, Partners in Lighting, TIR and Lumileds, and signals continuing investment in Lighting. Genlyte's Board of Directors will unanimously recommend offer to shareholders. Read more »
Business News | Jul 30, 2010
DOE Invitation to Participate SSL Demonstrations Program
The U.S. Department of Energy (DOE) invites participation in the DOE Solid-State Lighting Technology Demonstration program. DOE SSL demonstration projects showcase high-performance LED products in a variety of commercial and residential applications, providing hard data on product performance and cost-effectiveness. DOE seeks to assemble demonstration teams that match host sites with appropriate products and partners. To learn more about how to participate in DOE SSL demonstrations, or to download applications for manufacturers, host sites, or utilities/energy efficiency organizations, visit: http://www.netl.doe.gov/ssl/techdemos.htm. Read more »
Business News | Jul 30, 2010
SAMSUNG & ITRAMAS TO JOINTLY DEVELOP LED LIGHTING SOLUTIONS FOR GENERAL ILLUMINATION MARKET
ItraMAS Corporation Sdn Bhd (ItraMAS), a leader in the Intelligent Transportation System (ITS) industry, and Samsung Electro-Mechanics (SEMCO), a key electronic components manufacturer, today announced a collaboration to develop revolutionary light emitting diode (LED) products for the global general lighting market that will help save energy and provide for a greener earth. Read more »
Business News | Jul 30, 2010
Lighting Science Group Establishes Presence in Europe
Lighting Science Group Corporation (Lighting Science) (OTC BB: LSGP), a global leader in LED (light-emitting diode) lighting solutions, today announced plans to establish operations in Europe. As part of this effort, Peter Earle and John Lyons, co-founders of Vivid Effect, will join Lighting Science as part of the Company’s European operations. Read more »
Business News | Jul 30, 2010
EverLED TR Fluorescent Tube Replacement Wins Green Tech Lighting Innovation of the Year
EverLED TR Fluorescent Tube Replacement Wins Green Tech Lighting Innovation of the Year LEDdynamics announced receiving the Popular Science "Best of 2007 Innovation Award" in the Green Tech category, for the EverLED-TR product line. The EverLED-TR is a fluorescent tube replacement which utilizes existing fluorescent ballasts while achieving the equivalent light output of the tube it replaces, making it the world's first true LED replacement for linear fluorescent lighting. Read more »
Business News | Jul 30, 2010
OPTEK TECHNOLOGY SIGNS TWO NEW DISTRIBUTION AGREEMENTS
TT electronics OPTEK Technology has selected NRC Electronics as a global distributor of their complete product offering toprovide the necessary technical support and “on demand” distribution for OPTEK’s optoelectronic sensors and fiber optic devices, along with their visible LED components and assemblies. A new agreement between Farnell and Optek extends to a global basis the successful relationship that the two companies already enjoy in North America with Premier Farnell’s Newark distribution business. Read more »
Business News | Jul 30, 2010
Marktech Named as Cree Solutions Provider
Marktech Optoelectronics, an industry leader in the application and design of LEDs since 1985, was recently awarded the distinction of being a Cree Solutions Provider. This new value-added program offers customers a full range of LED lighting-system solutions and design assistance to help accelerate time to market and reduce product development costs. Read more »
Business News | Jul 30, 2010
NEXXUS LIGHTING TO ACQUIRE LUMIFICIENT
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 Lumificient Corporation, a Maple Grove, MN, manufacturer of solid-state LED products for the sign lighting, commercial/architectural and retail markets. Read more »
Business News | Jul 30, 2010
PHILIPS ANNOUNCES SATISFACTION OF TENDER OFFER CONDITIONS TO ACQUIRE GENLYTE
Amsterdam, the Netherlands Royal Philips Electronics (NYSE:PHG, AEX:PHI) ( Philips ) today announced the satisfaction of all of the conditions to the closing of the tender offer by its wholly owned subsidiary, Golf Merger Sub, Inc. ( Philips Merger Sub ), to acquire all outstanding shares of common stock of The Genlyte Group Incorporated (NASDAQ:GLYT) ( Genlyte ) for $95.50 per Genlyte share, without interest and subject to any applicable withholding of taxes. One of the remaining conditions for the closing of the tender offer included receiving more than 50% of the shares tendered into the offer. As of the close of business on the January 16, 2008 expiration date of the tender offer, Philips Merger Sub had received approximately 26.5 million Genlyte shares tendered into the offer, including 1.8 million Genlyte shares tendered by guaranteed delivery, representing over 96% of the outstanding shares of Genlyte. Read more »
Business News | Jul 30, 2010
Texim Europe Launches LED Illumination Solutions Area
In addition to the successful activities “Embedded System & Display Solutions” and “Wireless Communication Solutions” Texim Europe has now launched a new initiative called “LED Illumination Solutions”. In line with the principle behind the other Solutions Portfolios Texim Europe will provide a full range of products to implement LED Illumination applications which goes beyond the delivery of LEDs alone. Read more »
Business News | Jul 30, 2010
Epistar Increases LED Capacity Again With More AIXTRON MOCVD Tools
AIXTRON AG is pleased to announce a third multiple order, received in the fourth quarter 2007 from Epistar, one of the world's leading manufacturers of Ultra-High-Brightness (UHB) LEDs. The latest order again includes both multiple CRIUS Close Coupled Showerhead (CCS) reactors as well as AIX 2800G4 HT Planetary Reactor systems which are AIXTRON’s flagship products for large scale GaN-based LED manufacturing. Read more »
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