2012-08-08
Cree has announced revenue of $306.8 million for its fourth quarter of fiscal 2012, ended June 24, 2012. This represents a 26% increase compared to revenue of $243.0 million reported for the fourth quarter of fiscal 2011 and an 8% increase compared to the third quarter of fiscal 2012. GAAP net income for the fourth quarter was $10.0 million, or $0.09 per diluted share, a decrease of 49% year-over-year compared to GAAP net income of $19.8 million, or $0.18 per diluted share, for the fourth quarter of fiscal 2011. On a non-GAAP basis, net income for the fourth qu...
Continue reading →
2012-08-08
The U.S. Navy has given a $2.4 M worth contract to eMagin, an innovator of OLED microdisplays and virtual imaging technologies, for research and development of 2,000 x 2,000 px bright OLED microdisplay. The $1.1 M valued Phase I of the project will commence at once and will continue during September 2012 followed by the commencement of $1.3 M worth Phase II option period, which will be carried over for another one year. The proposed operation in this program will capitalize on the achievements resulting from the previous Night Vision and Electronic Sensors D...
Continue reading →
2012-08-08
More than just the 2012 Olympics are lighting up London! GE and the City of London have re-lamped Tower Bridge with ultra-efficient GE LED lighting systems to create beautiful light, every night. Want to bring the lights home? Capture a nighttime photo or video of your favorite hometown landmarks or lighting, and post it on Instagram or Viddy with the tag #GELights. You could win a total lighting makeover for your home and a trip to London for a tour of Tower Bridge! Two contest winners will be selected -- the Instagram submission with the most likes on I...
Continue reading →
2012-08-08
American chemical manufacturer Albemarle announced that its board of directors has authorized the expansion of its facility in Yeosu, Korea. The new facility is in the final stages of construction and will be dedicated to manufacturing Albemarle’s PureGrowth products, including high-purity trimethyl gallium (TMG), triethyl gallium (TEG) and trimethyl aluminum (TMA) used in metal-organic chemical vapor deposition (MOCVD) for processing semiconductor, LED and optoelectronic devices. The Korean expansion will complement the firm’s existing capacity for...
Continue reading →
2012-08-07
Rubicon Technology has placed an order of multiple units of the Zeta 300 series optical profiler from San Jose based Zeta Instruments for its sapphire substrate and wafer production. The company will use the Zeta-300 series optical profilers for inspection and metrology of sapphire substrates to help improve wafer yield and lower costs for their LED customers. Zeta 300 optical profiler Zeta's novel high-precision metrology systems have gained strong traction across the LED industry for cost-effective advanced functionality. The latest Zeta-300 series...
Continue reading →
2012-08-06
GT Advanced Technologies Inc. (NASDAQ: GTAT) reported results for the second quarter of calendar year 2012, which ended June 30, 2012. Effective April 16, 2012, the company changed its fiscal year-end to December 31. The second quarter of calendar 2012 is the first quarterly period of the company’s nine month transition period ending December 31, 2012. Revenue for the second quarter of calendar 2012 exceeded the company’s previously issued guidance at $167.3 million, compared to $353.9 million in the first quarter of calendar 2012 and $231.1 million in th...
Continue reading →
2012-08-06
SmartWatt Energy has made a LED lighting upgrade at a 200,000 square foot facility in Iowa Cold Storage, a premier provider of temperature-controlled warehousing, logistics, and transportation for food products in the Midwestern United States, for saving over $30,000 per year in total lighting costs. Iowa Cold Storage is committed to providing their customers with convenient and reliable warehousing services, and is now focusing on reducing energy use, lowering energy costs and conserving environmental resources. SmartWatt Energy’s Chicago office staff performed a...
Continue reading →
2012-08-06
Acuity Brands Introduces SHIVER™ LED Fixture from Lithonia Lighting, Designed for Refrigeration and Display Cases SHIVER™ LED fixtures enhance merchandise appearance; exclusive AccuDrive® technology saves on installation and maintenance. Acuity Brands®, Inc. (NYSE: AYI) introduces the SHIVER™ LED luminaire from Lithonia Lighting®, a refrigeration and display case lighting system that delivers even light distribution, energy and maintenance savings, and reduced glare. Equipped with AccuDrive...
Continue reading →
2012-08-02
According to Rubicon Technology, the US Patent and Trademark Office (USPTO) has allowed Rubicon’s patent application ‘Intelligent Machines and Process for Production of Monocrystalline Products with Goniometer Continual Feedback’. The patent covers Rubicon’s equipment and process developed to perform in-situ orientation of its sapphire crystals within the various fabrication tools used by the firm. Rubicon says that its customers in the LED, silicon-on-sapphire (SoS)/RFIC (radio-frequency integrated circuit) and optical markets...
Continue reading →
2012-08-02
CRS Electronics Inc. has announced Mr. Al Hussey, Chief Operating Officer has retired effective immediately.
"We would like to thank Al for his contributions to the Company over the years. Al played an instrumental role leading his team and his experience, guidance and efforts will be missed," said Scott Riesebosch, President of CRS Electronics. "We wish him well in his retirement."...
Continue reading →
2012-08-02
Digi-Key Corporation has signed a global distribution agreement with Luminus Devices to enable new markets for solid-state lighting. “Demand for Luminus Big Chip LEDs is accelerating rapidly,” stated Keith T.S. Ward, President and CEO of Luminus. “We are excited to be joining forces with Digi-Key, whose outstanding global reach and reputation in distribution of electronic components will help us better serve our customers by driving our technology into the marketplace.” “Solid-state lighting is one of the fastest-growing segments i...
Continue reading →
2012-08-02
Noribachi, a premier U.S. based LED and solar lighting accelerator, experiences rapid success with the NORImark LED alliance program. The program, debuted in early 2012, was created to standardize LED lighting while empowering lighting industry stakeholders with state-of-the-art, market-ready LED solutions. LightPolesPlus.com, one of NORImark’s earliest partners and one of the nation’s largest online light pole distributors and a commercial fixture vendor, exemplifies the benefits and business growth NORImark partners consistently experience. Pr...
Continue reading →
2012-08-02
Holophane Adds LED Technology to Industry-Leading Portfolio of High Mast Lighting Solutions New HMAO™ LED luminaire features multiple lumen packages to maximize energy savings and deliver up to 100,000 hours of maintenance-free operation. Providing innovative high mast lighting solutions for more than five decades, Holophane has expanded its High Mast Advanced Optix™ (HMAO) lighting systems to include LED technology. Engineered with a state-of-the-art prismatic borosilicate glass advanced optics, the HMAO™ LED lum...
Continue reading →
2012-07-31
Breakthrough Innovations Optimize Performance, Lower Cost and Drive LED Lighting Adoption Less than one year after showcasing the 152 lumens-per-watt concept LED bulb, Cree, Inc. (Nasdaq: CREE) delivers a new performance benchmark with the 170 lumens-per-watt (LPW) prototype LED light bulb. The innovations behind the high-performance 170 LPW LED bulb are enabling significantly higher efficacy and lower cost for Cree’s luminaire portfolio and demonstrate Cree’s continued commitment to accelerate the adoption of LED lighting by addressing...
Continue reading →
2012-07-30
Recently, the Lighting Research Center (LRC) from Rensselaer Polytechnic Institute has cooperated with the Federal Aviation Administration (FAA) to jointly study the use of LED lighting in airfield installations, and has released LED Airfield Lighting report. The report was published by the Transportation Research Board (TRB) of the National Academies through the Airport Cooperative Research Program (ACRP), which funded the study. A panel of experts from aviation, government, industry, and academia appointed by the National Academies oversaw the...
Continue reading →
2012-07-30
Opened in late 2004, the Kailua Town Center Parking Garage was built to service a newer commercial district that today includes Long's Drug Store, California Pizza Kitchen and Whole Foods Supermarket. Starting in late 2011 and culminating in early 2012, the parking garage underwent a complete lighting retrofit. Increasing energy costs and environmental impact led Nishijima, Assistant Vice President-Asset Management of Kaneohe Ranch Management Ltd and his team to start considering LED fixtures as a solution to these challenges. "We looked at...
Continue reading →
2012-07-27
Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the second quarter ended June 30, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Second Quarter 2012 Results John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco continues to deliver solid results in a soft market. Second quarter revenue was $137 million, and adjusted EBITA and non-GAAP earnings per share were $20 million and...
Continue reading →
2012-07-27
US firm Light Engine has scheduled to mass-produce LED products in the Philippines through local electronics manufacturer Cirtek Holdings Philippines Inc. Light Engine has corporate office in USA while its research and development as well as design center is based in Russia. As for Cirtek, it mainly provides turnkey solutions that include package design and development, wafer probing, wafer back grinding, assembly and packaging, final testing of semiconductor devices, and delivery and shipment to its customers. In addition to cooperate with Light Engine, Cirt...
Continue reading →
2012-07-27
Luminus Devices has set up an office in Taoyuan County, Taiwan to cater for demands in the Asian market. The new officer is managed by Robin Hung, sales director for the Asia Region, and will provide sales support, customer service, field application engineering, and operational engineering to Luminus' key customers, suppliers and contract manufacturing partners in Asia. Hung and his staff will be responsible for managing Luminus' current relationships and future business opportunities in display, entertainment and specialty lighting vertical markets across Asia...
Continue reading →
2012-07-27
Daniel Poneman, the Deputy Secretary of the US Department of Energy, travelled to Arkansas to showcase the State’s Advanced Energy sector. The Deputy Secretary singled out NextGen Illumination, Inc. , a pioneer in the field of LED poultry lighting for its work in the agricultural, industrial and commercial sectors. Next Gen Illumination has worked diligently to bring an LED poultry lighting programme to Arkansas through the Department of Energy and the Arkansas State Energy Office. Next Gen Illumination serves the agricultural industry wit...
Continue reading →
2012-07-26
LumaStream, Inc.announced today that Robert Kapusta, Jr. has been appointed as Chairman of the Board of Directors. Robert is an attorney at Fisher & Sauls, P.A. specializing in Mergers and Acquisitions, Tax and Estate Planning, and Business and Corporate Law, with extensive expertise in leading and growing emerging businesses in St. Petersburg. Among his many affiliations, Rob is serving as the Chairman of the St. Petersburg Downtown Partnership and Chairman of the Mahaffey Theater Foundation. Rob has a proven record as a driven executive and proact...
Continue reading →
2012-07-26
- Second Quarter EPS a Record $1.17, Up 22%
- Total Revenue up 7.4%, Core Revenue up 5.5%
Cooper Industries plc (NYSE: CBE) today reported record second quarter earnings per share of $1.17, an increase of 22% compared to earnings per share of $.96 for the same period last year. Total operating profit margin was 16.7% for the second quarter of 2012, an increase from 15.8% in the same period last year. During the quarter, the Company recognized $10.7 million of expense relating to the previously announced Eaton Corporation (NYSE: ETN) transaction...
Continue reading →
2012-07-26
Add additional lighting layers to highlight your spaces with GE LED Accent Lighting. Decorate objects, trim or accent pieces by skirting with even light uniformity and color consistency. These low profile LED lighting modules work in harmony with other lighting elements and structures to provide subtle emphasis and drama to indoor design elements. Features • Cut between every module for the right length • Modular, low-voltage 12VDC system for easy installation • Optional linear track for straigh...
Continue reading →
2012-07-26
Frustrated by the additional expense and difficulties with slower shipping, Seesmart Technologies (SEST) feels it is very important to have more control over the manufacturing process, as a result, it has intended to increase their production of LED lighting products in the United States. Combined with their desire to create jobs for US citizens, the company started building factories in Simi Valley, California, and Crystal Lake, Illinois. "When we do the numbers we're actually ahead manufacturing here instead of paying for air freight and dealing with the l...
Continue reading →
2012-07-25
GE Lighting’s innovative LED solution was the right brew for Korea’s popular Hollys Coffee. The new ambient lighting at 18 Hollys Coffee branches across the country was sculptedwith GE’s Energy Smart LED PAR30light. This lightoffers superb quality for retail environments, complete with high energy efficiency and long life span. With the new lights, Hollys Coffee branches enjoylower energy consumption and maintenance costs whilst enhancing its customers’ experience. GE Lighting’s innovative energy-savingLED solution is the choic...
Continue reading →
2012-07-25
PowerSecure International, Inc. has received $10 million of new awards for its Interactive Distributed Generation(R) (IDG(R)) smart grid power systems, utility infrastructure projects, and LED Area Lights. The new IDG System awards total $4 million, and include installations for manufacturing, pharmaceutical, hospital, and retail operations. The utility infrastructure awards are just over $5 million, and include transmission and distribution projects for oil and gas companies and military bases. The new LED Area Light awards are just under $1 million and inclu...
Continue reading →
2012-07-25
The company named a winner in the Enterprise Data Management Strategies category by The Data Warehousing Institute Cooper Lighting, an industry leader committed to delivering innovative products and driving transformational technology in the lighting industry, has been named a 2012 Best Practices Awards Winner in the Enterprise Data Management Strategies category by The Data Warehousing Institute (TDWI), the premier provider of in-depth, high-quality education and training in business intelligence (BI) and data warehousing (DW). Cooper Lighting is being ho...
Continue reading →
2012-07-25
New Downlights Enable Rapid Payback, Exceptional Light Quality and Efficacy Over Fluorescent and Incandescent Lighting LED lighting leader Cree, Inc. (Nasdaq: CREE) introduces a new four-inch CR4™ LED downlight and a higher lumen output six-inch downlight. Relentless innovation has enabled Cree to attack cost barriers to LED adoption, while exceeding the industry’s highest standards for performance, color quality and ease of use. The new six-inch CR6™ downlight uses 87 percent less energy than comparable incandescent lighting and deli...
Continue reading →
2012-07-24
Universal Display Corp. has signed a three-year agreement with Plextronics Inc. to expand their development of next-generation solution-processible OLED material systems for displays and lighting applications. The OLED supplier invested $4 million in Plextronics to accelerate the development and commercialization of solution-based OLED material systems that incorporate Plextronics’ hole injection layer (HIL) and hole transport materials with its phosphorescent OLED emissive layer materials. “Plextronics has worked closely with Universal Display...
Continue reading →
2012-07-24
Fairchild Semiconductor has introduced its LED lighting driver solutions portfolio to include an optimized low-power offering. The FLS0116, FLS3217 and FLS3247 with integrated MOSFET and power factor correction (PFC) are optimally designed for low-power LED applications. With the addition of the integrated power MOSFET, these devices help to minimize board space and overall component count while decreasing design time.Equipped with cycle-by-cycle current limiting and integrated protection features such as over temperature protection (OTP) and under-vo...
Continue reading →