(updated 12:40 p.m. C.S.T, 3 APR 2020) Some call it the Signify Jinx, others call it the Philips Curse, one former employee just calls it bad luck. What is it?  When Philips/Signify makes a major acquisition—look out!  In 2008 Philips purchased Genlyte at a premium price and the U.S. had a major recession three weeksRead more

In a letter to its employees, Signify, the former Philips light division, asks them to hand in twenty per cent of their wages in the coming months. Signify has some 32,000 employees worldwide.

The electrical industry must provide properly lit, safe, and secure environments for medical workers, grocery stores, gas stations, banks, distribution centers, homes and all other essential industries. Outdoor lighting is required to illuminate critical infrastructure and locations with national security implications including government facilities, roadways from interstate highways to municipal and local streets, bridges, tollRead more

(updated:  12:04 EST to include a statement from Lightfair) EdisonReport can confirm that LightFair 2020 in Las Vegas is canceled.  We spoke with Dan Darby, Senior VP, who explained that the decision between the three partners, IES, IALD, and IMC, was unanimous. He further explained that full refunds will be given. EdisonReport applauds this decisionRead more

ATLANTA, April 02, 2020 (GLOBE NEWSWIRE) — Acuity Brands, Inc. (AYI) (“Company”) today announced results for the second quarter ended on February 29, 2020.  Second quarter net sales were $824 million, a decrease of 3.5% compared with the year-ago period. Gross profit margin of 41.7% increased 260 basis points from the prior-year period.  Operating profitRead more

ANSAN, South Korea – Seoul Viosys(KOSDAQ: 092190) and Sensor Electronic Technology, Inc. (“SETi”), leading global innovators of UV LED products and technology, announced that that it has been successful in achieving 99.9% sterilization of coronavirus (COVID-19) in 30 seconds. Tests were conducted with the research group of Korea University, Korea’s top rank university, by usingRead more

What makes Legrand so unique is the autonomy they allow the companies which they acquire. It’s not just a talking point as there are only four employees of Legrand Lighting in the US, so even if Legrand wanted to micromanage these businesses, there is no manpower. I visited Focal Point in Chicago a few weeksRead more

Smith, the complaint states, told management that the grow light “had not been sufficiently developed to be marketed, while secretly arranging for that product to be delivered to her home with the apparent intent of using it for her own benefit.”