Cree: Rightsizing of Lighting Products will Results in $15M Savings

April 25

Perhaps the most telling part of the investor call was not statements from the Cree executives, but rather questions from the investors. During the 24 APR Cree conference call with investors,  your humble editor counted 16 questions regarding products or businesses during the Q&A session. Of those 16 questions, only three were related to LEDRead more

LSI Changes Leadership. Dennis Wells Out; Stock Tanks!

April 23

LSI Stock was trading in the $7.60 range yesterday before the announcement. As of this writing, it is at $5.86 CINCINNATI, April 23, 2018 (GLOBE NEWSWIRE) — LSI Industries Inc. (LYTS) today announced that its board of directors appointed Ronald D. Brown as interim chief executive officer and Crawford Lipsey as interim president and chief operating officer effective immediately.Read more

Will Lutron Become a Player in Luminaires?

April 22

Lutron positions itself as the leader in smart lighting controls and automated shading solutions–and it is!  When your humble editor joined the industry in the 1980’s,  Lutron was a premier company.  Their brand is even more valuable today and no other lighting name has experienced their longevity in brand goodwill.    Although Lutron is privatelyRead more

Philips Lighting Closing Fall River Manufacturing Facility

April 20

FALL RIVER — Employees in the manufacturing end of the Philips Lighting in the Industrial Park were given notice on Friday that production will end at the facility beginning the third quarter of this year, according to a spokeswoman for the company. Melissa Kanter, the head of communications for Philips Lighting, said the affected employeesRead more

Former Cooper Lighting Employee stole $133,000 from the Company

April 19

A former Cooper Lighting employee has been sentenced to five years in prison and restitution on racketeering charges after stealing $133,000 from the company. District Attorney Ben Coker said former Cooper Lighting employee Karen Price, who worked at the company’s Peachtree City facility, entered a non-negotiated guilty plea on April 12 in front of JudgeRead more

LED Company For Sale to Highest Bidder

April 18

NOTICE OF A BUSINESS AUCTION OF THE ASSETS OF A FULLY OPERATING LED LIGHTING MANUFACTURING COMPANY STARTING BID: $1,200,000 This is a fully functioning and producing company that recently moved from a 5-year product development stage to a full operating company located in Port Orchard, WA.  The Company can be relocated and all production andRead more

Lutron Acquires Ketra

April 17

Updated 17 APR 10:30 EST–EdisonReport can confirm that Lutron purchased Ketra. We received a notification from Lutron approximately one hour after posting the below story. EdisonReport has been working on a Lutron story since last week. Several sources tell us that Lutron will announce that it has acquired, or is acquiring, a lighting company headquartered inRead more