Lighting revenue was down due to softness in the North America commercial lighting market. The impact of prior product quality issues, the fight settlement received in fiscal 2017 that did not reoccur in fiscal 2018, and lower consumer product sales as we shifted emphasis to the premium lamp category. Gross profit and margins were downRead more
IES was an excellent Annual Conference, and Boston proved to be a great venue. Congratulations to Chair Megan Carroll, who, with the help of staff and many volunteers put on a great conference. Each year, we are seeing steady improvements and the AC is a wonderful metric validating the strength of our Society is asRead more
EXCLUSIVE—MUST CREDIT EDISONREPORT. EdisonReport can confirm that Acuity Brands has announced their second price increase of the year. The first one was at LIGHTFAIR and there may be a third one later this year—once the tariff situation plays out. Our source explained that the increase is effective in September. Acuity attributes the increase to higherRead more
On August 10, 2018, a jury of six men and six women rendered a verdict in favor of Lumileds, finding that a Chinese competitor stole trade secrets related to Lumileds core technology for making high power LEDs used in flash phones, automotive headlights, and general illumination. The jury awarded Lumileds $66 million. Below is theRead more
EXCLUSIVE. MUST CREDIT EDISONREPORT. EdisonReport can confirm that Envirobrite has closed their doors as of 13 AUG 2018. In a letter to employees, CEO Mike Brennan explains they are shutting down operations due to financial reasons. This closure comes on top of closures of similar sized companies SLV, and Kobi. EdisonReport knows of two otherRead more
From the end of this month halogen lightbulbs are to be removed from the market across Europe, with households expected to switch to LED lights – which cost more but last far longer and use much less electricity than energy-hungry halogens. According to Philips, the lighting manufacturer, the average UK household has 10 halogen bulbsRead more
Aug. 07–DURHAM — An attempted theft at Durham manufacturer Cree in May could have given “a competitor or foreign entity” copies of 32,000 files that covered virtually all there is to know about something the company’s been working on for 30 years, a Durham County Sheriff’s office search warrant says.
Energy-Efficient LED Lighting Provider Orion Lighting Q1 Revenue Rose 10% to $13.8M, in line with the Company’s Full Year Revenue Growth Goal. MANITOWOC, Wis., Aug. 07, 2018 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ:OESX) (Orion Lighting), a provider of enterprise-grade LED lighting and energy project solutions, today reported results for its fiscal 2019 firstRead more
SOLON, Ohio (AP) _ Energy Focus Inc. (EFOI) on Wednesday reported a loss of $1.8 million in its second quarter. On a per-share basis, the Solon, Ohio-based company said it had a loss of 15 cents
Time is running out to complete your submission for the LIGHTFAIR® International 2019 Conference Call for Speakers. LIGHTFAIR is looking for submissions in a broad spectrum of industries since attendees represent a vast range of professions. Your course content can cover any topics that relate to lighting, design, technology or professional development. Courses can vary inRead more
