TEMPE, Ariz. (AP) — Police outside Phoenix recently closed part of a street to conduct a lighting test as an investigation continues into the 2018 death of a woman who was struck and killed by an Uber self-driving SUV. The Maricopa County Attorney’s Office says prosecutors asked for more investigation before making a decision aboutRead more
French startup Glowee is rethinking lighting by harnessing ‘bioluminescence’ – light produced by living organisms, like jellyfish or fireflies. With lighting accounting for up to 30% of global electricity consumption, CEO and founder Sandra Rey has been looking to nature to inspire how biological lighting systems might help humans use energy better. (Video by TomRead more
In light of the substantial commercial interest in the recent ITC ruling in Signify’s patent infringement action against Feit, Satco and Lowe’s, we asked the attorneys at the Radulescu LLP firm to provide a summary of the decision along with any take-aways that we can exclusively report here at Edison Report.
EXCLUSIVE: MUST CREDIT EDISONREPORT. EdisonReport can confirm that Deco Lighting was hacked and the cyber-thieves are demanding 38 bitcoins which is about $459,000. We spoke to Sam Sinai, their CEO, who confirmed the story. Sam explained, “Our system was hijacked but our SAP was backed up, and we expect to be operational by the endRead more
The Illuminating Engineering Society’s Annual Conference, which is being held from August 8-10, provides a range of educational programming—including workshops, seminars, immersive experiences, tours, networking, and paper and poster presentations—on the art, design, science, and research of lighting relevant to lighting professionals, educators, and related design disciplines. As always, professional education is paramount, with aRead more
JUNE 28th 2019 – The lighting industry was collectively shocked and saddened last week when word spread that Avon Lake, Ohio-based Hinkley Lighting’s CEO Rick Wiedemer – who had been set to receive the Supplier of the Year Award at Lighting One’s Gala Awards night – had suffered a serious fall in Cleveland prior toRead more
(Bloomberg) — Osram Licht AG’s supervisory and managing boards accepted a 3.4 billion euro ($3.8 billion) takeover bid from Bain Capital and Carlyle Group LP, ending the German lighting company’s relatively brief and at times contentious period as a standalone company. Bain and Carlyle are offering 35 euros a share, 21% more than the stock’sRead more
Given continuous upward cost pressure on electronic components, a price increase will be applied to select Acuity Controls™ products. This price increase is not tariff-driven: it is an adjustment that is needed based on challenging electronics component market conditions. A price increase of up to 10% on specific Acuity Controls products will be effective Monday,Read more
Bloomberg: Board will meet as soon as Thursday to vote on bid. Negotiations had moved slowly as funding became a challenge. Bain Capital and Carlyle Group LP have made a 3.4 billion euro ($3.8 billion) bid to acquire German lighting firm Osram Licht AG, concluding months of negotiations for the long-sought deal.
Shares of Acuity Brands (AYI – Get Report) were lower after the Atlanta provider of lighting and building-management systems exceeded estimates for fiscal third-quarter earnings but missed the sales estimate. The company reiterated its demand outlook for the rest of calendar 2019. As part of the outlook, though, the company said fourth-quarter sales might be down “modestly” and thatRead more