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.
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
In 2017, the appearance of iPhone X made 3D sensing technology that provides Face ID face unlocking a hot spot, and also brought the core component VCSEL in the 3D sensing module. In fact, VCSEL is not a new technology, its birth dates back... read more
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
To create a smart city, the Australian capital Canberra will connect all street lights to the cloud and become Australia’s largest independent smart city project. The agency responsible for infrastructure is the Canberra Transport and Urban Services Department (TCCS), which has introduced two technology companies... read more
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
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
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
Recently, Luminus Devices of the United States expanded its high-power IR LED product portfolio, including 11 transmitters, to meet the rapid expansion of automotive, consumer, machine vision, medical and security applications. Luminus IR SST LEDs are now available in three wavelengths – 810nm, 850nm and... read more
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
Canadian innovation company VueReal Inc. announced that its patent-pending self-alignment technology will result in a powerful and productive microdisplay production. VueReal will begin receiving orders for its product samples in June 2019. At present, the integration of Micro LEDs with high resolution is hindered by... read more
