Highlights this week:

It has been confirmed that Philips Lighting will be issuing an IPO instead of being put up for sale, Philips will gradually sell more than 25% of its stake in the lighting business. Additionally, the company’s IPO announcement will disappoint several investors, such as Go Scale Capital, Melrose, and Apollo to name a few that had previously been interested in submitting bidding proposals. The company’s lighting arm in Thailand has also decided to shut down its fluorescent bulb factory as market penetration of LEDs escalate in the local market to more than 34%.

Philips LED component business, Lumileds, is expanding its global distribution network as the parent company continues its search for a potential buyer. Lumileds announced this week that it had sealed a global distribution agreement with Arrow Electronics.

While Nichia and Everlight will not be arriving to a patent dispute settlement anytime soon, Cree and Harvatek have set their differences aside. Harvatek has agreed to paying patent royalties for Cree’s white LEDs, but the finances involved was undisclosed.

Samsung seems to have given up on OLED TVs in the short term, and is embracing quantum dot technology next year. The company announced it will not be releasing any new OLED TV lineups next year, and will be focused on QD TVs instead. For more please see below:

Editor recommendations

1. Philips Lighting IPO Announcement Leaves These Potential Acquisitors Heartbroken
2. Philips to Sell At Least 25% Stake in Lighting Business through IPO
3. Philips to Shut Down Fluorescent Bulb Factory in Thailand in 3Q16
4. Cree and Harvatek Settle Patent Dispute
5. Samsung Affirms It Will Not Be Releasing OLED TVs Anytime Soon
6. Lumileds and Arrow Electronics Seal Global Distribution Agreement
7. EVERLIGHT LED Components Break into Automotive Supply Chains in Emerging Markets
8. Anticipation of Chinese Labor Day Sales Caused Prices of LED Light Bulbs to Drop Significantly in April, Says LEDinside
9. MLS Saw 9% YoY Growth in 1Q Revenue Following Slowing Gross Margin Drop

Innovative technologies

1. Google Patents Tearable Displays
2. French Researchers Unveil Inkjet Printed Organic Laser Modules
3. McGill University Researchers Relief Pain by Shutting Neurons off with Light
4. Japanese Researchers Develop New Fabricate Glass Microlaser Technology

New Standards and Resources

• ANSI Reaffirms ANSI C78.42 High-Pressure Sodium Lamps Standard

Government projects

• UAE New Bulb Incentive Urges Residents to Switch to LEDs
• India’s LED Bulb Incentive to Be Implemented Nationwide by 2019
• New Mexico’s Largest City to be lit up with 19,000 LED Streetlights

Industry news

1. LG Display Injects $123 M in OLED Panels for Lighting
2. Veeco Hurt By Slowdown in LED Market in 1Q16
3. Cree Appoints New Member to Board of Directors
4. Maven Optronics Focuses on Thin Phosphor Film Technology to Achieve Wide Beam Angle CSP LED
5. Demand of LEDs Resumed, Taiwanese Manufacturers Saw Increasing Capacity Utilization in Q2
6. US $5 is Enough to Light up the Economic Future of Dominican Families
7. Findings of Bangkok Authorities’ Allegedly Illegal Lighting Show Bidding Sent to NACC for Trial
8. Osram is to Shed Light on the 2016 Eurovision Song Contest in Stockholm

New products

1. Tridonic Releases New Modules for Outdoor and Industrial Applications
2. New Philips Hue App Released by Philips Lighting
3. Aura Light Introduces New Smart LED Streetlight to European Market
4. Ford to Unveil First Original-Installed Strobe Warning LED Lights to F-150
5. ZEDGE Lauches New Proprietary Thermal Radiation Material for LED Substrate
6. Elation Adds New High-power RGBW LED Strobes to its Porduct Portfolio
7. Philips LED Streetlights Slash 58% Energy Use Compared to HID Lamps
8. Wolfspeed Unveils New SpeedFit Online Circuit Simulation Tool to Help Accelerate SiC Device Evaluation and Adoption
9. Acuity Brands Launches New Linear Suspended Luminaires for Commercial and Office Applications
10. Wide Beam Area Headlamp Lets Outdoor Lovers Enjoy the Pure Trekking Experience
11. The SnapLight Case Sells Out Over 5,000 Units In Less Than A Month
12. Multi-room Streaming from the Lampshade: Sengled Releases LED Bulbs with Built-in Speakers

Lighting projects

1. LEDs-illuminated Nightgowns Made an Impression at Met Gala 2016
2. Designers of Lightening a Modern Odyssey Talk about Inspiration and Concept
3. Japanese Firm Transforms LED-lit Drones into Breathtaking Fireworks in front of Mount. Fuji
4. Shanghai Train Station Gets a Touch of Nature with Sunlight and Rainbow Butterflies
5. Tri-State LED Completes LED Retrofit and Saves 60% Energy Use for Corporate Headquarters