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.
“Just when I thought I was out, they pull me back in!” This line is spoken by Michael Corleone, played by Al Pacino, in the film The Godfather: Part III, directed by Francis Ford Coppola and is symbolic of Current re-entering the fluorescent business. It was a bit startling to see Current – the once overarchingRead more
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.
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
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
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
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
Dear DLC Stakeholders, The DLC is pleased to release the 2018 update of the DLC Surveillance Testing Policy, effective Monday, September 10, 2018. Below is a high-level summary of the largest clarifications and changes to the policy. A more detailed list of changes appears in the Cover Letter, linked below in this email. An updated setRead more
Due to significant inflationary pressure on commodities, transportation, metals and electrical components. Current, powered by GE is announcing a 6% price increase on select LED product families and up to 10% on select traditional lighting products.
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