Passengers on flights to London’s Heathrow Airport were delayed due to runway lighting problems, travelers complained on Twitter Wednesday. One traveler @TomPodolec said his flight at John F. Kennedy International Airport in New York had to return to the gate after reaching the runway.
LSI Reports Lighting Sales of $61.4 M, 10% Below Last Year; Lighting Operating Earnings were $4.4 M or 12% Below Last Year
Starting with Lighting. Sales of $61.4 million were 10% below last year, with the decline reflecting the ongoing competitiveness and softness in commercial and industrial market applications. This was partially offset in markets where our products and solutions meet specific customer requirements. For example, sales in the renovation segment continued to be strong and generatedRead more
(Updated 11:26 a.m.) Here is what we know. The Wall Street Journal has reported Current lighting division to be sold to private-equity firm American Industrial Partners for an undisclosed amount. The WSJ article quotes Maryrose Sylvester, the CEO and President of Current, but does not quote Bill Lacey, the President and CEO of GE Lighting asRead more
American Industrial Partners to Acquire Current, powered by GE American Industrial Partners to provide technology investment and operational expertise to accelerate Current’s growth Current would continue using the GE brand under a licensing agreement November 06, 2018 07:00 AM Eastern Standard Time BOSTON–(BUSINESS WIRE)–GE (NYSE: GE) today announced it has signed a proposed agreement toRead more
The Wall Street Journal has posted an article stating that General Electric Co. said it agreed to sell its Current lighting division to private-equity firm American Industrial Partners for an undisclosed amount, as the conglomerate continues to separate from a business that is central to its historical roots. Read the WSJ story here.
(RTTNews) – General Electric Co. (GE) is in talks to sell its commercial lighting division to American Industrial Partners, according to people familiar with the matter, as the manufacturer continues on its divestiture blitz. GE and AIP could announce a deal for the unit, which is known as Current, Powered by GE, as early asRead more
After the conference, an industry observer wrote, “There’s trouble in River City: commoditization, shrinking profit margins and a general lack of understanding among end users about the value of lighting were identified as the culprits.” That conference—the Lighting Research Center’s “Bridges in Light”—took place in October 2003. And the quote above is from my “Editor’sRead more
After a decade of creating affordable, energy-efficient LED Lighting exclusively for the electrical distributors of Canada, RAB Lighting Inc. (using the brand RC Lighting) has decided to exit the Canadian marketplace. Our decision was driven by increasing costs and complexity. The RC Lighting brand will no longer accept new opportunities effective November 2, 2018. RABRead more
Raubenstine said, “We look forward to relaunching the company with the help of past and future employees. It’s important to us to bring back this locally owned manufacturing business to the Hanover area that will help grow our community and our company.” Fogle said, “I’ve always been proud of Hanover Lantern, and it’s very excitingRead more
EdisonReport can confirm that the Patent Trial and Appeal Board (PTAB) this week issued rulings that the vast bulk of three Lighting Science Group (LSG) patents directed to low-profile LED downlights are not patentable. Forty two out of fifty one claims were formally “cancelled” across the three patents by the U.S. Patent & Trademark Office. These are theRead more