LED/Lighting Business News

Bridgelux, Inc. Appoints Bradley J. Bullington CEO; Bill Watkins to Become Chairman of the Board of Directors

Bridgelux, Inc., of  Livermore, California USA,  reports that  its board of directors has appointed Bradley J. Bullington, the company’s current vice president, strategy and corporate development and general manager, technology solutions, as CEO, effective immediately.  William Watkins has moved up to chairman of the board of directors, having served as …

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Strategies Unlimited Forecasts LED downlight Market to exceed $4.2 billion by 2017

Market research firm, Strategies Unlimited, forecasts what the company describes as “robust growth” for the LED downlight market over the next five years. The company projects that global market will grow by a 28% compound annual growth rate (CAGR) through 2016. The company contends that although unit demand is expected …

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Digital Lumens Closes $10 Million Round of Investment for Continued Expansion; Increases Customer Base by 150 Percent

Digital Lumens announced it has received a $10 million further commitment from investors. After a year of 150 percent growth in its number of customers and total energy savings, the company closed a $10 million round of funding from existing investors including Black Coral Capital, Flybridge Capital Partners, and Stata Ventures …

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Acuity Brands Acquires Adura Technologies, Inc., a Developer of Wireless Controls and Energy Management Solutions

Acuity Brands,  a producer of energy-efficient lighting and control solutions, announced it has acquired the assets of Adura Technologies, Inc. (“Adura”), a developer of wireless controls and energy management solutions.  Terms of the acquisition were not disclosed. San Francisco-based Adura developed radio frequency (RF) mesh networking technology that allows individual …

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Quiet Big News Announces Cross Licensing of All Osram and Philips Inorganic and Organic LEDs

In one of the shortest press releases we’ve seen in years, but packing what could be huge news from two giant European lighting companies, on January 26th, Osram GmbH and Philips announced that they jointly signed a cross license agreement “covering optoelectronic semiconductors.” As stated in the Osram news release, …

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Conventional Lighting Company, LSI to Acquire LED Lighting and Graphics Company, SACO

LSI, a maker of non-SSL architectural indoor lighting located in Cincinnati, Ohio USA, will acquire SACO, an LED graphics, lighting, display, and billboard company of Montreal, Canada. SACO Technologies Inc. is the company most known for producing one of the largest LED video screens in the world for the NASDAQ …

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Color Kinetics and Dialight Enter Patent Cross-Licensing Agreement

Two LED technology companies which specialize in color control technology, Color Kinetics Inc. of Boston, Massachusetts USA, and Dialight Corporation, the US subsidiary of UK-based Dialight plc have signed a patent portfolio cross-licensing agreement. The worldwide license reportedly applies to sales of Dialight products in all markets covered by Color …

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