On May 2, 2019, OSRAM announced the completion of the acquisition of British automotive aftermarket specialist Ring Automotive. The acquisition of Ring Automotive will drive OSRAM to expand its range of products in the automotive sector, including more automotive electronics and accessories. After the acquisition is approved by the UK Competitor and Market Authority CMA, the partnership between the two companies will officially begin in May.
Notre Dame fire warning: How is the ancient building lighting fireproof?
On the evening of April 15th, the Notre Dame de Paris fire broke out, and the famous spire collapsed in the fire. On the 16th, the French fire department announced that the fire of Notre Dame has been extinguished and is currently in the... read more
Revenue of 862 million euros, OSRAM announced second quarter results of 2019 fiscal year
Osram today announced its second quarter earnings for the 2019 fiscal year. During the reporting period, the company’s performance was in line with expectations. The revenue from January to the end of March was 862 million euros, down 13.5% year-on-year. Adjusted EBITDA margin (earnings... read more
Revolution Lighting Chief Financial Officer resigns
Revolution Lighting announced that James DePalma, the company’s director and chief financial officer, resigned for personal reasons and took effect on May 2, 2019. In addition, he suggested that the company would be assisted in transitioning to the new CFO if needed. He also... read more
Cree becomes the sole partner of the Volkswagen Group FAST project SiC.
CREE is the exclusive partner of SiC Silicon Carbide for the Volkswagen Group’s FAST (Future Automotive Supply Tracks) project. FAST’s goal is to advance collaboration, implement technology innovation more quickly than ever, and implement global automotive projects more efficiently and effectively. Mr. Michael Baecker, head... read more
Acuity brands announces price increases starting May 15
US lighting company Acuity brands issued a notice saying that the 15% increase in the price of some previously announced products will be implemented and effective on May 15, 2019. For the affected products, the last day of the order and delivery at the... read more
Samsung SDS teamed up with Telenas to develop a smart streetlight project
South Korea’s Samsung’s digital division SDS and British smart streetlight and Internet of Things (IoT) data acquisition system developer Telessa announced that the two sides are cooperating on smart city projects. This is the first collaboration between Samsung SDS and Telessa. The two companies are... read more
NVC Lighting negotiates to sell most of China’s business.
NVC Lighting announced that it is negotiating with potential investors to sell most of its China operations. The announcement shows that the company is conducting a strategic assessment of its business in China and is negotiating with a limited number of potential investors to sell... read more
Apple will adopt Micro LED screen on iPhone in the future
According to relevant media reports, Apple will use the Micro LED screen on the iPhone in the future to get rid of the dependence on Samsung OLED screen. For Apple’s demand, as an Apple supplier, Hon Hai, an electronics foundry in Taiwan, is also... read more
US lighting giant LSI sells New York plant and expects to complete trading by the end of June
According to US reporters, Ohio lighting manufacturer LSI Industries Inc. (LYTS.US) has found buyers for its New York plant and expects to complete the sale by June 30. LSI expects to receive a total revenue of $12 million and an annual cost savings of... read more
American business house company H. E. Williams acquires Platformatics.
American commercial lighting company H. E. Williams, Inc. is pleased to announce the acquisition of Platformatics, Inc., a US-based network-based systems provider. E. Williams, Inc. is a third-generation family-owned company founded in 1921. Lighting products are widely used in education, healthcare facilities, hotels, corporate and... read more