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
Milwaukee architectural lighting manufacturer Visa Lighting categorically rejects the patent infringement claims related to light disinfection made by Kenall Manufacturing on Aug. 31, 2018, in the United States District Court for the Eastern District of Wisconsin.
EdisonReport has been following the tariff discussions since the election of President Trump. Your humbled editor spoke at the GG LED conference in Shenzhen on the likelihood of tariffs. My position at the conference was that the administration would use threats and bluster but would not implement tariffs on lighting. In four days I willRead more
Sep 18, 2018 (Heraldkeeper via COMTEX) — New York, September 19, 2018: The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Cree, Inc. (US), Philips Lighting (Netherlands), OSRAM Licht GmBH (Germany), Acuity Brands Lighting Inc.Read more
September 19, 2018 To our valued customers, TCP is NOT planning to implement a price increase through the end of 2018. We have prepared internally to not pass additional fees incurred from the announced tariff increase going into effect September 24, 2018 on to you, our valued distributors. Granted, this is pending any additional actionRead more
Law360 (September 14, 2018, 4:59 PM EDT) — A California lighting distributor urged a federal judge on Thursday to force a Chinese lighting manufacturer and its shipper to arbitrate a multimillion dollar dispute stemming from a purchase agreement, saying their agreement includes a mandatory arbitration provision.
According to Chrunchbase, a data collection company, Echelon went public on 7 AUG 1998 with a valuation of $224.9M. Last week Adesto Technologies announced it had completed its acquisition of Echelon with a cash transaction representing a total equity value of approximately $45 million, and a total enterprise value of about $30 million. SANTA CLARA,Read more