Business News Archive

Business News | Jul 30, 2010
Cree to Acquire LED Lighting Fixtures, Inc.
Cree, Inc. (Nasdaq: CREE), a market leader in LED solid-state lighting components, today announced the signing of a definitive agreement to acquire privately-held LED Lighting Fixtures, Inc. (LLF) in a cash and stock transaction valued at approximately $77 million, plus up to an additional $26.4 million over a three-year period. Read more »
Business News | Jul 30, 2010
Lumitech's PI-LED-Technology is awarded with the Austrian National Award for Innovation 2007
Lumitech's PI-LED-Technology is awarded with the Austrian National Award for Innovation 2007 Lumitech company was nominated for inventing the highly efficient PI-LED®-technology. Due to this technology and its unrivalled properties, the creation of light could be revolutionised in many ways. The renowned members of the jury chose the Burgenland high-tech company to win this competition. The much sought after trophy was awarded to Erwin Baumgartner, the Lumitech managing director, by Christine Marek, State Secretary of Economics and Labour. Read more »
Business News | Jul 30, 2010
CRS Electronics Starts Mass Distribution of Two New LED General Lighting Products
Welland Ontario based CRS Electronics launched two new LED (light emitting diode) general lighting products into the Canadian marketplace. The first is the CRS MR16 LED luminaire manufactured by CRS Electronics, the second a LED downlight (often used to replace Halogen units) from LLF based in Morrisville, North Carolina and now distributed by CRS in Canada. The launch took place at the 2008 Canadian Restaurant and Foodservices Association food and beverage show held at Exhibition Place in Toronto. Read more »
Business News | Jul 30, 2010
Foxsemicon Aims to Commercialize High-Power LEDs in March or April
Foxconn (Hon Hai Precision Industry) affiliated LED maker, Foxsemicon Integrated Technology (FITI), aims to commercialize its high-power LEDs that have a 100 lm/w emission efficiency this March or April and the company expects to increase its LED light efficiency to 150 lm/w by 2010, helping the cost of using LED street lamps become half the cost of high pressure sodium lamp solutions, according to the company. Read more »
Business News | Jul 30, 2010
Luminus Devices and Avnet Electronics Marketing Launch PhlatLight™ LED Products Distribution Pact
Luminus Devices, Inc. today announced a distribution agreement with Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), one of the world’s largest distributors of electronic components and computer systems. Under the agreement, Avnet will distribute PhlatLight™ LED products to Luminus’ general illumination customers throughout North and South America. Read more »
Business News | Jul 30, 2010
Cree Completes Acquisition of LED Lighting Fixtures, Inc.
Cree, Inc. (Nasdaq: CREE), a market leader in LED solid-state lighting, today announced that it has completed the acquisition of privately held LED Lighting Fixtures, Inc. (“LLF”). Cree’s agreement to acquire LLF was announced February 8, 2008. Read more »
Business News | Jul 30, 2010
LAMINA Debuts New Corporate Identity and Web Site
LAMINA Debuts New Corporate Identity and Web Site Lamina Lighting Incorporated (Lamina), an innovator of LED lighting systems and technologies, enters its 7th year in business with the introduction of a new corporate identity and web site summarizing its growth from a pioneering start-up to an influential leader in the solid state lighting industry. Read more »
Business News | Jul 30, 2010
Honorable Award for TARMLED 4x4 at Light 2008 in Warsaw
Honorable Award for TARMLED 4x4 at Light 2008 in Warsaw TARMLED 4x4 was presented with this year’s award for the most innovative product at the “LIGHT 2008,” Warsaw. Thomas Lottig, one of the duo who developed the system, accepted the award, stating that, “These are the brightest things we have ever seen.” Read more »
Business News | Jul 30, 2010
Seoul Semiconductor Europe GmbH to Show New Products at Light+Building
Seoul Semiconductor Europe GmbH today announced that it will showcase their LED products for general lighting and various applications at Light+Building, Apr 6-11, in Frankfurt am Main, Germany. You will get information on Seoul Semiconductor’s new products of Acriche including new warm, blue, green, and red Acriche, Z-Power LED, and Top LED and several applications using the company's Z-Power LEDs and Top LEDs at their booth: Hall 4, Stand 39. Read more »
Business News | Jul 30, 2010
Nuventix Designed Synjet Cooler for Breakthrough Energy Saving Philips Fortimo LED System
Nuventix Designed Synjet Cooler for Breakthrough Energy Saving Philips Fortimo LED System At Light+ Building, Nuventix, Inc., electronics cooling technology innovator and LED industry thermal management specialist, announced its SynJet cooling option for the Philips Fortimo LED Downlight module. The Nuventix product is an active cooling solution utilizing SynJet fanless air cooling technology that offers silent operation, long life, and optimal cooling for the Philips Fortimo Downlight LED Module (DLM) products. Read more »
Business News | Jul 30, 2010
Zumtobel Group Teams up with CREE to Boost Innovative LED Lighting
To drive the further expansion of its LED business, the Zumtobel Group has initiated a close cooperation with the US LED manufacturer CREE. A listed company, CREE is global market leader for high-performance LEDs and specializes in the development and production of LED products, including chips, in the highest brightness classes. The two companies have agreed that the Zumtobel Group will use CREE High-Brightness LED Chips in new products and projects of all its brands as both companies pursue the goal of driving forward the use of LED technology in the professional lighting sector. Read more »
Business News | Jul 30, 2010
Zumtobel Group acquires Italian LED company SpaceCannon
The Zumtobel Group has strengthened its position in preparation for the further expansion of its LED operations through the acquisition of the Italian LED company SpaceCannon. SpaceCannon, which was founded in 1988 near Alessandria in Piedmont, specialises in LED-based lighting scenarios for outdoor, façade and event lighting. Read more »
Business News | Jul 30, 2010
Lamina Announces CO2 Offset Certification for LED Products
Lamina Lighting Incorporated (Lamina), an innovator of LED lighting systems and technologies, has announced that the use of their new TitanTurbo TruColor LED product has been certified to avoid more than 3 tons of C02 emissions into the earth’s atmosphere as compared to its incandescent equivalent. Read more »
Business News | Jul 30, 2010
Lighting Science Group Acquires Lighting Partner BV
Lighting Science Group Corporation (OTC Bulletin Board: LSCG) ("LSG"), a leading developer and integrator of intelligent and energy-efficient LED lighting solutions, announced today that it has completed the acquisition of Lighting Partner BV ("LPBV"), an innovative manufacturer providing a broad range of LED and High- intensity Discharge ("HID") lighting solutions for residential, commercial, and retail applications based in The Netherlands. Read more »
Business News | Jul 30, 2010
Nexxus Lighting Closes Acquisition of Lumificient Corporation
Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS) today announced that it has closed the previously announced acquisition of solid-state LED lighting manufacturer, Lumificient Corporation. The newly acquired company will be operated as a wholly owned subsidiary of Nexxus Lighting and will continue to operate out of its manufacturing facility in Maple Grove, Minnesota. Read more »
Business News | Jul 30, 2010
Intematix Adds Integration Capabilities with Solid State Lighting Technology Development Center
Intematix Corp. a leading innovator of advanced materials and merchant provider of patent-backed phosphor solutions for solid state lighting applications, today announced the launch of the Intematix Technology Center (ITC) in Yang Mei, Taiwan. With direct access to critical components, the center will provide LED packagers with the full compliment of materials necessary for rapid prototyping and deployment of any phosphor-based solid state lighting solution. In addition, ITC adds a full service integration and pilot production capability for a range of chip-on-board and integrated light engines/modules to support the needs of solid state lighting system providers. Read more »
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