Business News

Business & Events

Events | Lightfair | Oct 31, 2022
Lightfair to Move to Biennial Event Schedule
Lightfair to Move to Biennial Event Schedule LightFair, North America’s largest architectural and commercial lighting trade show and conference, today announced it is transitioning to a biennial event schedule beginning with the 2023 event, scheduled for May 21-25 at the Jacob K. Javits Convention Center in New York. As the major player in this vibrant space, LightFair’s updated schedule will better serve the industry’s manufacturing cycle, product marketplace and the overall needs of lighting professionals. Read more »
Lumileds | Business | Oct 17, 2022
Lumileds Announces Confirmation of Plan of Reorganization
Lumileds Announces Confirmation of Plan of Reorganization Lumileds Holding B.V. (“Lumileds” or the “Company”), a global leader in innovative lighting solutions, announced today that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization (the “Plan”). Lumileds plans to emerge from the chapter 11 process (“Chapter 11”) the week of October 31 following the satisfaction of certain administrative items before the Plan becomes effective. Read more »
Events | Delighted Talks
deLIGHTed Talks: Good Light – Balancing Health and Energy (Nov 3, 2022)
deLIGHTed Talks: Good Light – Balancing Health and Energy (Nov 3, 2022) The Good Light Group, together with the Society for Light Treatment and Biological Rhythms (SLTBR), the Daylight Academy (DLA), the International Association of Lighting Designers (IALD), and Luger Research (LR), are organizing and presenting the “Good Light – Balancing Health and Energy” lectures. The webinar explains the need for a day with Good Light and how we are able to balance health and energy issues in lighting designs. Read more »
Upciti | Signify | Street Lighting | Business | Sep 30, 2022
Signify and Upciti Announce Intent to Partner
Signify and Upciti Announce Intent to Partner Street lighting provides a strong foundation to make cities smart, livable and sustainable. Signify (Euronext: LIGHT), the world leader in lighting, and Upciti, an expert in artificial intelligence and edge computing, today announced their intent to partner. The companies aim to help cities and utilities across the United States and Canada get added value, well beyond illumination, from their lighting infrastructure. Read more »
Lumileds | Business | Aug 30, 2022
Lumileds Announces Agreement with Requisite Lenders on the Terms of a Comprehensive Financial Restructuring to Accelerate Long-Term Growth
Lumileds Announces Agreement with Requisite Lenders on the Terms of a Comprehensive Financial Restructuring to Accelerate Long-Term Growth Lumileds Holding B.V. (“Lumileds” or the “Company”), a global leader in innovative lighting solutions, announced that it has entered into a restructuring support agreement (the “RSA” or the “Agreement”) with its lenders holding a significant majority of the loans outstanding under its prepetition first lien debt facility on the terms of a comprehensive financial restructuring that would significantly de-leverage and strengthen its balance sheet by over $1.3 billion, accelerate Lumileds’ growth, and enable further investment in innovation to pursue additional strategic opportunities through the injection of up to $275 million of liquidity. Read more »
CIE Report | Spectroradiomentry | Instrument Systems | Business | Jul 28, 2022
New CIE Report on Spectroradiometry
New CIE Report on Spectroradiometry Under the scientific direction of Instrument Systems, the Technical Committee TC2-80 of the CIE has prepared a new technical report on the spectroradiometric measurement of optical radiation sources. Read more »
AIXTRON | Business | Jul 28, 2022
AIXTRON – Financial News
AIXTRON – Financial News AIXTRON SE (FSE: AIXA, ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the semiconductor industry, recorded its highest quarterly order intake since 2011 in the second quarter of 2022. The order intake was driven by broad based demand from nearly all addressed end markets. Along with the underlying strong demand, AIXTRON equipment for energy efficient power electronics on the basis of Gallium Nitride (GaN) and Silicon Carbide (SiC) ensure an excellent order situation for AIXTRON supporting the year-on-year improvement of both revenue and profit in the second quarter. Read more »
LightingEurope | Sustainability | Business | Jul 12, 2022
How the EU’s Many Sustainability Initiatives Will Impact the Lighting Industry
How the EU’s Many Sustainability Initiatives Will Impact the Lighting Industry If you think the lighting industry is subject to a lot of regulation now, to paraphrase a classic rock song, ‘you ain’t seen nothing yet’. In March of this year, the European Commission adopted a proposal for a comprehensive new legislative package called the Sustainable Products Initiative (SPI). Part of the Commission’s flagship Green Deal, the SPI essentially aims to ensure that only the most sustainable products are sold in Europe. Read more »
DOE | L-Prize | Business | Jul 12, 2022
DOE Launches Prototype Phase of L-Prize Lighting Competition
DOE Launches Prototype Phase of L-Prize Lighting Competition The U.S. Department of Energy (DOE) launched the second, “Prototype” phase of its three-phase Lighting Prize (L-Prize®) competition, a DOE American-Made Challenge designed to spur groundbreaking innovation, stimulate American manufacturing, and give rise to the next generation of lighting in commercial buildings. Read more »
Nichia | Neozoon | Awards | Featured | Business | Jul 12, 2022
Neozoon Powered by Optisolis Wins Design Plus Award 2022
Neozoon Powered by Optisolis Wins Design Plus Award 2022 This year, Neozoon powered by Optisolis wins the Light + Building Design Plus Award in the “Exhibitors” category. Neozoon designed the mobile light according to the cradle-to-cradle principle and integrated NICHIA's Optisolis full-spectrum LEDs as the light source. Read more »
Business | ams OSRAM | Inventronics | Jun 30, 2022
ams OSRAM Reaches an Agreement for Inventronics to Acquire the Digital Systems Business in Europe and Asia
ams OSRAM Reaches an Agreement for Inventronics to Acquire the Digital Systems Business in Europe and Asia ams OSRAM, a global leader in optical solutions, announced today the agreement to sell the Digital Systems business in Europe and Asia to Inventronics, a global supplier of LED drivers. ams OSRAM will continue to focus on the high technology semiconductor business, as well as automotive, entertainment and industry lamps business. The transaction represents a further milestone in the implementation of ams OSRAM’s strategy to focus on core technology areas in illumination, visualization and sensing, and to divest businesses that are not core to the company’s strategy. The transaction is subject to customary closing conditions. Read more »
Lightfair 2022 | Awards | Business | Jun 22, 2022
2022 Lightfair Innovation Awards Celebrate 18 Winners
2022 Lightfair Innovation Awards Celebrate 18 Winners LightFair has announced the winners of its 2022 LightFair Innovation Awards (LIAs) in 14 categories, along with four overall excellence distinctions: Most Innovative Product of the Year (MIFOR 70 Lighting System by Klus), Technical Innovation (TruBlu™ Bluetooth Mesh Fixture Controller with Long Range Antenna by McWong International), Design Excellence (Easy-Link by Edison Price Lighting) and Judges’ Citation (CombiCable by Gripple) awards. The LightFair Conference and Trade Show runs through Thursday, June 23, at the Las Vegas Convention Center’s West Hall. Read more »
DOE | Control Systems | Energy Management | Business | Jun 14, 2022
DOE Releases Request for Information on Research and Development Opportunities in Energy Management Control Systems
DOE Releases Request for Information on Research and Development Opportunities in Energy Management Control Systems DOE’s Building Technologies Office (BTO) has released a request for information (RFI) to inform BTO’s strategic direction and future investments in technology research and development (R&D) on energy management control systems. The RFI solicits feedback from industry, academia, research laboratories, government agencies, and other stakeholders on a range of identified R&D opportunities related to the hardware, software, cybersecurity, and interoperability of energy management control systems. BTO will use information obtained through this RFI to update its current R&D strategy to meet its decarbonization, energy savings, and cost reduction goals. Read more »
Business | ams OSRAM | Traxon | May 12, 2022
ams OSRAM Signs Agreement to Sell its Dynamic Lighting Business Traxon Technologies to Prosperity Group
ams OSRAM Signs Agreement to Sell its Dynamic Lighting Business Traxon Technologies to Prosperity Group ams OSRAM (SIX: AMS), a global leader in optical solutions, announced today that an agreement has been reached to sell the Traxon Technologies business, including the benchmark dynamic lighting controls e:cue, to Prosperity Group, a privately owned lighting company headquartered in Hong Kong. Prosperity Group is a modern conglomerate deep-rooted in the lighting industry with investments and operations across diversified business sectors in global markets and a long-term partner to ams OSRAM and OSRAM for over 40 years. The transaction is subject to customary closing conditions. Read more »
DeLighted Talks | International Day of Light | Business
deLIGHTed Talks: The Right Light at the Right Time – Bright Days, Dark Nights
deLIGHTed Talks: The Right Light at the Right Time – Bright Days, Dark Nights The Good Light Group, together with the Society for Light Treatment and Biological Rhythms (SLTBR), the Daylight Academy (DLA), the International Association of Lighting Designers (IALD), and Luger Research (LR), are organizing and presenting the “The Right Light at the Right Time – Bright Days, Dark Nights” lectures. The webinar explains the need for a good day and night light based on scientific evidence and practical experience. Read more »
Lamps | Rules | DoE | Business | Apr 30, 2022
DOE Finalizes Two New Rules for General Service Lamps
DOE Finalizes Two New Rules for General Service Lamps The U.S. Department of Energy (DOE) today adopted two new rules for light bulbs, also known as general service lamps, that will conserve energy and help consumers save on their energy bills. The first rule establishes a revised definition of general service lamps while the second implements the minimum standard of 45 lumens per watt for light bulbs that meet the revised definition. These rules are part of 100 energy efficiency actions the Biden Administration is completing this year, which together will save families $100 every year. Read more »
Signify | Business | Climate Report | Apr 30, 2022
Signify Publishes its first-ever Climate Action Report
Signify Publishes its first-ever Climate Action Report Signify (Euronext: LIGHT), the world leader in lighting, has published its first-ever Climate Action Report, illustrating the progress we’re making in taking climate action across our entire value chain. In the first year of our ambitious five-year Brighter Lives, Better World 2025 sustainability program, we are on track to double the pace of the Paris Agreement 1.5°C scenario and have generated between 61% and 64% of Climate action revenues, contributing to our ambition to double our positive impact on society and the environment by the end of 2025. Read more »
Lumileds | Sustainability | Business | Apr 27, 2022
Lumileds' 2021 Sustainability Report
Lumileds' 2021 Sustainability Report Lumileds, a global leader in innovative lighting solutions, issued its 2021 Sustainability Report today detailing the company’s progress in supporting the transition to a low-carbon and sustainable economy. In the report, Lumileds highlights how its lighting solutions contribute to positive changes in energy usage, safety, and health and well-being. Lumileds follows a formalized sustainability agenda that identifies specific priorities and tracks progress. Read more »
BlueGlass | Acquisition | Business | Apr 14, 2022
Blueglass to Aquire US Laser Diode Facility
Blueglass to Aquire US Laser Diode Facility Australian semiconductor developer BluGlass Limited (ASX: BLG) is pleased to announce that it has reached agreement to acquire a commercial Silicon Valley laser diode production facility lease and manufacturing equipment (the Fab) for US$2.5 million. The acquisition will fast-track BluGlass’ growth strategy, significantly increasing its laser diode manufacturing capacity and bringing forward higher-value product development timelines. Read more »
Google | Raxium | Acquisition | Business | Apr 01, 2022
Google Acquires MicroLED Startup Raxium
Google Acquires MicroLED Startup Raxium Google LLC has big ambitions in the augmented reality business, if reports that it has just paid $1 billion to acquire a startup called Raxium are to be believed. The Information, which broke the story, said Google’s acquisition of Raxium is a sign that it’s seriously focused on building the components required to make AR devices a reality. Read more »
ams OSRAM | AMLS | Business | Mar 29, 2022
ams OSRAM Signs Agreement to Sell AMLS – The Dedicated Lighting Systems Unit
ams OSRAM Signs Agreement to Sell AMLS – The Dedicated Lighting Systems Unit ams OSRAM announced the agreement to sell the independent and dedicated AMLS (Automotive Lighting Systems GmbH) business to Plastic Omnium (Euronext: POM) for a purchase price of EUR 65 million. The transaction represents a further step in the implementation of ams OSRAM’s previously communicated strategy to focus on dedicated strategic core technology and divesting businesses that are not seen as core to the corporate strategy. ams OSRAM will continue to be a key supplier of automotive LED and optical components to Plastic Omnium. This transaction does not include other ams OSRAM technologies and products for automotive OEM and the automotive aftermarket. Read more »
Signify | Pierlite | Acquisition | Business | Mar 01, 2022
Signify to Acquire Pierlite to Strengthen Position in Australian and New Zealand Lighting Markets
Signify to Acquire Pierlite to Strengthen Position in Australian and New Zealand Lighting Markets Signify today announced that it has entered into a definitive agreement with Australian based Gerard Lighting Group to acquire their Pierlite business. The acquisition is in line with our strategy to expand within highly attractive market segments and will bring together the strong R&D and innovation capabilities of a global leader with the significant expertise and network of a local brand. Read more »
page_peel