NAED has made the difficult decision to present the 2021 Western Region Conference and the 2021 Eastern/South Central Region Conference in a virtual format. This email from NAED President & CEO, Tom Naber, was sent out this morning:  

Inclusion of ioXt drives further commitment to advancing IoT security and safety for the commercial lighting industry NEWPORT BEACH, California – October 21, 2020 – The ioXt Alliance, the Global Standard for IoT Security, announced today the DesignLights Consortium (DLC) has added ioXt security certification to its Networked Lighting Control System Technical Requirements (Version 5),Read more

This morning, your humble editor had a call with Mark Adams, President and CEO of SMART Global Holdings to discuss their acquisition of Cree LED. Randy:   In the investor call you mentioned this was your second due diligence with Cree.  Were you considering acquiring their fixture division which was sold to Ideal Industries? Mark:  NoRead more

SMART Global Holdings, the company that is acquiring Cree’s LED business is pretty smart, because the deal only requires $50M in cash. No wonder they spell their first name in all caps. Your humble editor listened to the Cree investor call as well as the SMART investor call and here is the deal by theRead more

Upon closing, creates a pure-play global semiconductor powerhouse focused on providing disruptive technology solutions to high-growth segments including EV, 5G and industrial applications Transaction represents a key milestone in Cree’s transformation to focus on silicon carbide and gallium nitride devices, as well as materials Consideration includes $50 million upfront payment; $125 million seller note andRead more

1,500+ industry professionals have already reserved their spots – will you join them? REGISTER FOR FREE THE 2020 CONFERENCE FEATURES: Sessions on lighting optimization for better production and energy savings Panels featuring insights from energy experts and experienced growers An in-depth resource library that will be available during and after the live event! To viewRead more

“When we began this bankruptcy process 5 or 6 months ago, I never knew anything good could come of it but now because of Elite Lighting, our story has a happy ending.–Emma Price Your humble editor had a zoom call late Friday with Hamid Rashidi, the CEO of Elite Lighting, and Emma Price, President ofRead more

“It seemed they came out of nowhere,” said a source at GE Current, a Daintree Company.  According to the docket filed yesterday, on October 14, 2020, representatives of Elite Lighting appeared and notified the Court that it desired to the Assets of Edison Price, and the Court reopened bidding and ordered that a further auctionRead more

We had a brief call with Hamid Rashidi, the CEO of Elite Lighting.  Bob was the second source that confirmed our story.  I asked Bob about the acquisition price and he did not want to answer out of respect for the Price family.  I explained that it would be public knowledge soon and he explainedRead more

EXCLUSIVE.  MUST CREDIT EDISONREPORT.  EdisonReport has now confirmed that Elite Lighting will be named the highest and best bidder on Friday for the assets of Edison Price Lighting.  EdisonReport has learned that GE Current, a  Daintree Company did huge due dilligence.  Our source reports that Elite Lighting did almost none. Elite Lighting has several brandsRead more