General Electric, mired in a deep slump, has ousted CEO John Flannery after barely a year on the job. Flannery is being replaced by H. Lawrence Culp Jr., the former CEO of Danaher, an industrial company. The change is effective immediately.
The evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving and has improved the safety norms for the convenience of the users. Since the early 1990’s scientists have studied the effect of light in the improvement of Seasonal Affective Disorder (SAD) in humans. In 1989, itRead more
Cree, Inc. (CREE) announces the XLamp® eTone™ LEDs, a breakthrough set of chip-on-board (COB) LEDs that delivers beautiful 90 color rendering index (CRI) light quality at the same efficacy as today’s standard 80 CRI LEDs. Delivering up to 155 lumens per watt (LPW) at 3000K CCT, 85°C, Cree’s new eTone COB LEDs provide the highestRead more
Shares of General Electric Co. GE, +0.98% sank 4.1% in afternoon trade Tuesday, putting them on track to close at the lowest level since July 10, 2009. The industrial conglomerate’s stock has now plunged 12% in four sessions, since issues with one of its gas turbines forced Exelon Corp. EXC, +0.07% to shut down aRead more
LIGHTFAIR’s 2019 return to the Pennsylvania Convention Center May 19-23 (Pre-Conference LIGHTFAIR Institute: May 19-20; Trade Show & Conference: May 21-23) marks its third Philadelphia staging since 2011 with more than 500 exhibitors and 40 product categories filling the Center’s six exhibit halls.
On September 17, the U.S. Department of Commerce and the U.S. Trade Representative (USTR) provided a one week notice as to the implementation of a 10% tariff effective September 24, 2018 and increasing to a 25% on January 1, 2019 on Chinese-manufactured components and finished goods.
The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023, at a CAGR of 20.61% from 2018 to 2023. The rapid population growth, availability of limited agriculture land, steady supply of crops despite unfavorable weather conditions for farming across geographies, government initiatives to supportRead more
The Lighting Industry is seeing cost increases across a number of components and products. To compound those cost increases, the U.S. Department of Commerce and the U.S. Trade Representative (USTR) have imposed tariffs on many lighting components, based on the origin. As the result of imposed tariffs, as the overall increase in material costs, WE-EFRead more
EdisonReport has learned that Cree implemented a layoff last week. It involved around 40 individuals mixed between the Racine and Durham locations with people were from various capacities. A few of the individuals were from national accounts, regional sales, marketing, purchasing, and even technical support. Internally, people were told the layoff was caused by a declineRead more
EdisonReport has learned that Signify conducted another layoff, again hitting their Sales team. On 30 AUG, EdisonReport reported a layoff affecting five salespeople in the Northeast. Less than one month later, we are told that seven more individuals have been laid off, again from the same region. Can there be anyone left in the Northeast?Read more