Horticulture Lighting Market Worth $6.21 Billion by 2023

September 17

The overall market is expected 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 demand for horticulture lighting is increasing owing to the rapid population growth and availability of limited arable land.

LEDVANCE Increases Prices Due to Tariffs

September 13

Per previous communications, LEDVANCE will be moving forward with a price increase on October 1st due to inflationary pressures which have resulted in increased operational costs. This increase will be inclusive of these inflationary pressures as well as the Tariff Phase 1 that went into effect July 6th.

EXCLUSIVE: Chinese Supplier Sues Lunera; Claims $9.6M Outstanding

September 12

EdisonReport has been hearing rumors regarding Lunera Lighting.   Today we received a copy of the complaint from Jiaxing Super Lighting  against Lunera Lighting. You can read the full complaint here. According to the complaint: Lunera acknowledged its “poor on time payment,” and asked Super Lighting for its “support to maintain normal business operations at Lunera.”Read more

Acuity to Layoff 298 at Juno

September 12

llinois employers notified the state of nearly 1,200 upcoming layoffs last month, some driven by manufacturing plant closures. Reporting large cuts was Acuity Brands Lighting, which warned of 298 layoffs at a facility in Des Plaines by the end of the year, as a result of a reorganization, according to the state report. The Atlanta-basedRead more

LRC Hosts Excellent Partner-Alliance Event; 3D Printing, Lighting for Cancer Survivors, LaaS, and the new Apple Watch

September 11

The Lighting Research Center held their annual Partner-Alliance Event last week, and your humble editor participated in a panel discussion led by Govi Rao, President & CEO, Noveda Technologies. The panel discussion focused on the future of lighting and industry stewardship in this time of rapid industry change.  Other speakers included Lori Brock, Head ofRead more

War in Wisconsin! Kenall Sues Visa Lighting

September 11

EXCLUSIVE:  MUST CREDIT EDISONREPORT Kenall Manufacturing filed a lawsuit alleging patent infringement against Visa Lighting on August 31, 2018 in Federal Court in Wisconsin. Patrick Marry, President of Kenall stated, “The patented technology uses visible light to safely disinfect environments to prevent deadly and costly infections. This is a significant new technology in the effortRead more

Dr. Jacob C. Tarn has stepped down as CEO of LEDVANCE

September 10

Effective September 6, 2018, Dr. Jacob C. Tarn has resigned as CEO of LEDVANCE for personal reasons. Dr. Tarn has informed the members of the Supervisory Board about his decision. The Supervisory Board has already started the search for a new CEO. Until that position is filled, Dr. Tarn’s responsibilities will be assumed jointly byRead more