The LED industry is facing over market saturation, but automotive lighting company Laster Tech that was recently listed on the Taiwanese bourse reported strong revenue growth during the first three quarters, a stark contrast in an industry where most companies incurred losses, reported Liberty Times Net.

As 2016 comes to an end, there were many exciting and surprising technology breakthroughs, based on statistics complied by LEDinside there were at least 10 major technology advancements this year.

LightPath Technologies (“LightPath,” the “Company,” or “we”), a leading vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, today announced that it has completed the acquisition of ISP Optics Corporation (“ISP”) for a purchase price of US $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated notes issued to the sellers. 

Samsung Electronics is taking the lead in forming a quantum dot (QD) TV alliance to counter OLED TV manufacturers, reported Korean media the Pulse.

When Revolux, the automotive industry’s largest provider of dealership LED lighting solutions, recently visited Premier Automotive’s Toyota of New Orleans, it wasn’t to discuss how to light the showroom or service bays, but rather to help those in need see their way to their next hot meal.

Philips Lighting, a global leader in lighting, announced that the Dutch alstroemeria grower Hoogenboom Alstroemeria is moving to hybrid lighting in its 1.5-hectare greenhouse with Philips GreenPower LED toplighting. By using Philips GreenPower LED, grower Dick Hoogenboom will shorten growth cycles, increase quantity and quality of yields while reducing energy consumption up to 42%.

Factory Pipe, a manufacturer of high-performance exhaust systems, is collaborating with Current, powered by GE, to make its Ukiah, California headquarters more efficient. The company is offsetting 75% of its energy use through Current’s rooftop solar offering and saving close to 60% in lighting-related energy use with an LED lighting retrofit in its manufacturing warehouse.

Schréder, an intelligent outdoor lighting solutions provider, has become a partner of the Smart City Institute, a non-profit organization that aims to stimulate research, teaching, innovation and entrepreneurship to enable smart cities.

MLS (also known as Forest Lighting) announced Tuesday, the company will be pumping in another RMB 500 million (US $71.95 million) in a subsidiary of Chinese LED chip manufacturer Aucksun Opto to expand in the upstream LED sector.

The sapphire substrate application industry hit a low point when Apple abandoned employing sapphire screens in its new generation iPhones, many Taiwanese sapphire manufacturers have bear the brunt from the abrupt decision, reported Chinese-language newspaper Commercial Times.

Scripps Networks Interactive, the leader in lifestyle media, surveyed 700 U.S. homeowners of all ages, finding that safety and comfort are the primary reasons consumers invest in smart home technology. The study was conducted through the company’s Under One Roof consumer panel, in partnership with the Consumer Technology Association; the National Kitchen and Bath Association; the National Association of Home Builders; CEDIA; and Shelly Palmer Strategic Advisors. The research findings will be presented at CES® 2017 and at Design and Construction Week 2017.

AIXTRON, a worldwide leading provider of deposition equipment to the semiconductor industry, announced that U.S. based Lumentum Holdings, a leading manufacturer of semiconductor photonic devices for communications, industrial, and consumer applications, has placed a repeat order for multiple AIX 2800G4-TM systems to produce devices for varied optoelectronic and laser applications.

Laser diode is a next generation lighting technology incubating in Shenzhen, China, giving hope that the region will emerge as a leading international laser lighting player soon.

The relighting of Detroit – a city that just three years ago was in chronic darkness – has been completed on time and under budget.

The ZigBee Alliance, an association of companies creating, maintaining and delivering open, global standards for the low-power wireless Internet of Things (IoT), and the Thread Group, an organization focused on making Thread the foundation for the Internet of Things in the home and beyond, today announced that multiple members of both organizations have demonstrated prototypes that run the ZigBee Alliance’s universal language for smart devices on Thread networks. The demonstrations, shown privately at the Thread Group’s Members Meeting in November and set for public display in both organizations’ booths at CES, are a key milestone in their liaison agreement, and highlight accelerating momentum behind an emerging ecosystem of connected products that will interoperate over Thread IP networks using the widely deployed ZigBee language.

Smart-lighting start up Gooee, creator of the first ‘full stack’ cloud-based platform that connects lighting manufacturers to the IoT, has partnered with Bajaj Electricals, the Indian manufacturer and supplier of electrical products that is part of the US$20 billion publicly listed Bajaj Group.

Foxconn subsidiary Sharp will no longer be supplying LCD panels to Samsung Electronics starting in 2017, a report from The Japan Times cited industry sources saying.

Fluence Bioengineering today announced that its LED systems have been selected by MedMen, a leading cannabis firm, for its newly renovated cultivation facility in Los Angeles. The new, state-of-the-art vertical farm replaces a traditional single-tier cultivation facility, and enables MedMen to use fewer natural resources, increase overall revenue per square foot and reduce operating cost per pound.

1 in 10 design engineers are still relying on purely physical prototypes, potentially adding significant, unnecessary costs to their designs. That’s according to new research from 6SigmaET, which surveyed over 350 engineers working in industrial, consumer and mass-produced electronics.

Lighting manufacturers are being urged to pay greater attention to lighting control detectors, in order to pass on improved energy savings to customers.

A new Chinese LED company Suijing Optoelectronics listed on China’s Over The Counter Bulletin Board (OTCCB) has become the latest company to sign a red KSF phosphor license agreement with GE Lighting.

The Jaipur Metro Rail in India will be replacing all sodium lights at the Vivek Vihar station with LED lights to cut energy consumption, reported The Times of India.

Mayor Emanuel has announced that the City is conducting a public demonstration of next-generation streetlights in seven neighborhoods as part of the Chicago Smart Lighting Project, which will upgrade streetlights across the city. Residents are being asked to provide feedback on the new lighting, which represents the latest advances in lighting technology, through the end of the year.

Idemitsu Kosan (headquarters: Chiyoda-ku, Tokyo; Representative Director & Chief Executive Officer: Takashi Tsukioka; hereinafter, “Idemitsu” or the “Company”) announces its decision to expand production capacity of the OLED materials at its 100% subsidiary Idemitsu Electronic Materials Korea Co., Ltd. (location: Paju, Gyeon-do, South Korea; president: Kazuki Maeda) to respond to the expected increase in demand for OLED materials due to increased penetration of OLED displays as well as to install additional evaluation equipment in order to strengthen technological customer support capabilities.

AIXTRON, one of the world’s leading providers of deposition equipment to the semiconductor industry, announced today that Grand Chip Investment GmbH (GCI) declared today that the voluntary public takeover offer for the acquisition of all shares, including all shares represented by ADSs, of AIXTRON SE (AIXTRON) by GCI published on July 29, 2016 has lapsed due to the non-fulfillment of an offer condition.

Nanoco Group, a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has acquired a group of patents from the Eastman Kodak Company ("Kodak") in connection with the use of quantum dots in electroluminescent displays, a future display technology.

The Lighting Research Center (LRC) at Rensselaer Polytechnic Institute has recently released a free, open-access circadian stimulus (CS) calculator to help lighting professionals select light sources and light levels that will increase the potential for circadian-effective light exposure in architectural spaces, utilizing the CS metric. Developed by LRC researchers, the CS metric is a new way to quantify light’s impact on acute melatonin suppression, a marker of circadian system activation.

LED technologies are rapidly growing in terms of market share for roadway lighting systems in the U.S., with about 15% of roadway lights using LED sources. Unlike the yellowish glow of high pressure sodium lamps found in most of the other U.S. streetlights, LED illumination usually is white in color. This difference has sparked concerns about health and wellbeing from the American Medical Association (AMA).

Since the launch of its Smart Energy Savers Program® in 2009, Baltimore Gas and Electric Company (BGE) has been educating customers on simple ways to reduce energy use and costs. Today, BGE marks two major milestones. First, BGE customers have bought more than 25 million energy-saving LED and CFL light bulbs, saving nearly $40 million at checkout with instant discounts. Second, BGE has performed 200,000 Quick Home Energy Check-ups in its service area, helping customers better understand their homes’ energy use and suggesting ways to save energy and money.

Analog Devices. (ADI) announced the acquisition of a solid-state laser beam steering technology from Vescent Photonics, Inc., a privately held company based in Golden, Colorado. Vescent’s innovative non-mechanical beam steering technology enables more robust integrated LIDAR1 systems that overcome many of the major drawbacks associated with today’s bulky mechanical offerings such as reliability, size, and cost. This acquisition strengthens ADI’s position as a major automotive safety system technology partner for next generation ADAS and autonomous driving applications and builds on ADI’s 20-year history in advancing automotive safety.