Pacific Light Technologies working from the Portland State University Business Accelerator, has landed a $3 million venture capital round led by local investor groups. The company has closed $2 million of the Series A round led by the Oregon Angel Fund and Portland-based venture capital firm Pivotal Investments. CEO Ron Nelson, who also contributed to the round, said another $1 million has been committed and should close by the end of July. The 13-person company is developing a technology which will allow manufacturers of long-lasting LED lights to provide be...

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting,  announced revenue of $284.8 million for its third quarter of fiscal 2012, ended March 25, 2012. This represents a 30% increase compared to revenue of $219.2 million reported for the third quarter of fiscal 2011 and a 6% decrease compared to the second quarter of fiscal 2012. GAAP net income for the third quarter was $9.5 million, or $0.08 per diluted share, a decrease of 50% year-over-year compared to GAAP net income of $18.9 million, or $0.17 per diluted share, for the third quarter of fiscal 2011. On a n...

The the joint venture relationship between Mitsubishi Electric and Osram will be constructively dissolved in the process of the merger. However, in consideration of the solid 23-year relationship, Mitsubishi Electric and Osram have agreed to maintain ties in the areas of sales and production, and continue to be strategic global partners in the lighting business.

Taiwan Ministry of Economic Affairs (MOEA) has estimated that the output of the island’s LED streetlight manufacturing sector is expected to reach as much as NT$34 billion (US$1.15 billion) by 2018. According to an assessment released by the MOEA's Bureau of Energy, since the start of 2012, the government has been pushing for the installation of LED street lights to help the LED sector build a supply chain and create clusters of manufacturers. Under the projects, the government is expected to spend about NT$2.8 billion to install more than 326,000 ...

Everlight has won a big harvest with its 2011 after-tax net income of NT$1.3 billion (US$43.5 million at US$1:NT$30), or NT$3.14 per share. According to the company, in the fourth quarter of 2011, it received pretax earnings of NT$138 million (US$4.6 million), operating income of NT$208 million (US$6.9 million), and gross profitNT$760 million (US$25 million) on revenue of NT$3.96 billion (US$132 million). And the company has decided to pay shareholders cash dividend of NT2.5 per share from 2011 earnings. Based on the harvest, it is recognized as one of t...

Albeo Technologies has raised a total of $8 Million in Series C equity and debt financing to increase both the breadth of its LED lighting portfolio and depth of its channel presence. The equity investment was led by Braemar Energy Ventures, and was joined by existing investor Green Spark Ventures. Silicon Valley Bank provided a working capital financing line. Jeff Bisberg, CEO of Albeo, announce that, “We are extremely proud to become part of the Braemar team. With Braemar’s existing portfolio and network in the LED and lighting sector, their...

AIXTRON SE, worldwide leading provider of deposition equipment to the semiconductor industry, has a number of stock option programs in place that grant employees and the members of the Executive Board the right to purchase AIXTRON shares under certain conditions. Under the terms of the stock option plan 2007, stock options can currently be exercised. New shares resulting from exercised options are not entitled to a dividend for fiscal year 2011 and will therefore be traded on the Frankfurt Stock Exchange under the separate ISIN DE000A1MMEF7 until and incl...

- Year end inventory adjustment reflects current difficult market conditions - Dividend policy remains unchanged   - Profitable 2012 performance predicted with strong R&D investments planned AIXTRON SE (ISIN DE000A0WMPJ6, DE000A1MMEF7), a worldwide leading provider of deposition equipment to the semiconductor industry, delivered in 2011 – despite the market weakness in the second half – EUR 611.0m of revenues and a 18% EBIT margin. Although 2012 is expected to be a transitional year between two LED investment cycles with...

According to TCL Corporation’s company filing, the company has posted a 14.68 percent year-on-year increase in LED TV sales in January to 1.34 million units, of which sales of LED backlit TVs surged 161.88 percent to 804,700 units, or 61 percent of the total. TCL sold 197,800 Internet TVs and 102,300 3D TVs in January, up 14.99 percent and 7.76 percent year-on-year. Exports of LED TVs in January rose 96.02 percent year-on-year, or 260,300 units, to 510,300 units. The company will focus on Internet TVs, next-generation smart TVs and 3D TVs...

Royal Philips Electronics has posted a fourth-quarter loss due to a worse performance by its lighting, health care arms, as well as television business. The net loss for the October to December period was euro160 million ($211 million), compared with profit of euro465 million in the same period a year ago. Revenues rose 3.3 percent to euro6.79 billion. Philips' lighting arm had sales growth of 7 percent and energy-saving LED lights now account for 18 percent of the total. EBITA dropped 79 percent to euro41 million, in part due to costs of re-branding recently acquir...

Cree has released its financial results for its second quarter of fiscal 2012, ended December 25, 2011. The company has received $304.1 million for second quarter. This represents an 18% increase compared to revenue of $257.0 million reported for the second quarter of fiscal 2011 and a 13% increase compared to the first quarter of fiscal 2012. GAAP net income for the second quarter of $12.1 million, or $0.10 per diluted share, decreased 76% year-over-year compared to GAAP net income of $49.8 million, or $0.45 per diluted share, for the second quarter of fiscal 2011. On ...

Recently, LED chip and component maker SemiLEDs has reported its fiscal first-quarter 2012 (to end-November 2011) revenue. The company has reported revenue of $6.75m, down 48% on $13m a year ago but rebounding 27% from $5.3m last quarter (which has been down 5% on the prior quarter). This is also at the high end of the $6-7m guidance given in November). Sequential growth is due to 93% growth in LED component sales (to about 45% of total revenue). However, revenue from LED chip sales fell 29% (to 30% of total revenue). Other revenue (mainly luminaires, manufacturing ...

Sunovia Energy Technologies Inc., specialized in LED lighting and solar technologies , issued more than 35 million shares of new common stock at the end of 2011. According to a newly released filing with the Securities and Exchange Commission, roughly 25.8 million shares were sold to a group of 10 investors at a price of 2 cents per share, raising $516,800 in capital for the company. And roughly 9.3 million shares were issued to two Sunovia employees, including CEO Art Buckland, to satisfy “deferred compensation obligations” worth $186,199. The company pos...

Epistar has announced to gain a share buyback plan in a bid to support its share price. Epistar announced Wednesday it would buy back 10 million shares from the open market at a range of NT$51 to NT$76 between Dec. 29 and Feb. 28, 2012. The company said the repurchased shares will be transferred to its employees as an incentive to encourage them to work harder. As the company has received rush orders and hoped its bottom line would be boosted accordingly for the fourth quarter of this year, other LED makers also steamed ahead amid improved sentiment toward their earnings ...

The city of Livonia will receive a grant of $82,125 for LED lighting. The Michigan Economic Development Corp. has announced to fund $399,261 in the advanced lighting technology demonstration grants. And the of Livonia becomes one of six Michigan cities, townships and counties to receive part of this grand worthing $82,125 for LED lighting. The grant will fund LED street lighting along Shadyside Street next to Livonia City Hall, extending from Five Mile to the parking area behind the Livonia Police Station, and street lights in the parking lot at the Civic ...

SemiLEDs has released its not so bright financial results for the fourth quarter of fiscal year 2011, ended August 31, 2011. According to the company ,revenue for the fourth quarter of fiscal 2011 was $5.3 million, a 54% decrease from $11.5 million in the fourth quarter of fiscal 2010. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2011 was $13.6 million, or a loss of $0.50 per diluted share, compared to GAAP net income attributable to SemiLEDs stockholders of $5.3 million, or $0.18 per diluted share, for the fourth quarter of fi...

Coming after from China announces the roadmap of banning incandescent , the US Department of Energy (DOE) has also been accelerating funding for the production of LEDs to help the country be competitive in LED industry and the overall clean energy race. The DOE will be accepting funding applications through December 15, 2011, for developers of energy-saving lighting technologies involving LEDs in some of the latest developments. The Obama Administration authorized up to $10 million for manufacturing research and development on SSL, including HBLEDs as ...

Cree has announced revenue of $269.0 million for its first quarter of fiscal 2012, ended September 25, 2011. This represents a 0.2% increase compared to revenue of $268.4 million reported for the first fiscal quarter last year and a 11% increase compared to the fourth quarter of fiscal 2011. GAAP net income for the first quarter of $12.8 million, or $0.11 per diluted share, decreased 78% year-over-year compared to GAAP net income of $58.0 million, or $0.53 per diluted share, for the first quarter of fiscal 2011. On a non-GAAP basis, net income for the first quarter of ...

OSRAM has signed an agreement with Townsend Ventures, LLC to increase its stake in Encelium Technologies from 15 percent to 100 percent. This move will enhance the company's position in two key global growth markets, LED based technologies and Light Management Systems (LMS). Encelium is an ideal complement to OSRAM and OSRAM SYLVANIA's General Lighting portfolio of energy-efficient lighting products and solutions. Encelium, headquartered in Teaneck, N.J., is a leading software technology development company concentrating in advanced l...

Source inform that Aixtron, has slashed its sales guidance for 2011 and reduced its order backlog by €100 million, based on talks with its Asian customers revealed increasing macro-economic concerns. Previously, Aixtron’s target was  €800 million-€900 million.However, it now expects to post sales of between €600 million and €650 million. With the average cost of a piece of MOCVD kit around €2-2.5 million, the new guidance suggests that Aixtron has cut its shipment expectations for 2011 by as many as one hundreds units. It may has a...

  Publish your product announcement, press release or case study on LEDinside. All articles are subject to evaluation before they are to appear on our website. The process of approving articles may take up to 2 working days or longer.   Add announcement feature can be accessed at the following entrances.

According to Everlight’s official, the company expects its revenue in the third quarter to fall by 10 percent from the previous quarter amid lower demand, while returning to stronger growth in the fourth quarter on the back of a better lighting and small-size backlight business. The company’s financial data showed that consolidated revenue totaled NT$5.45 billion (US$187.79 million) in the second quarter, up 27.76 percent from the previous quarter, the company’s financial data showed. In contrast, the company’s net profit dropped 7.41 percent from the pr...

Taiwan major LED packager Unity Opto Technology Co., Ltd., is satisfied with its revenue of NT$513 million (US$17.7 million) in July, up 2%. According to Unity Opto , sales of international TV brands have recovered in the third quarter,despite of the weak demand from LCD backlight modules. The company has seen clear increase of orders for backlighting application from TV makers in August. For shipments of illumination-application LEDs,it have been smooth in the past few months, especially deliveries to Japan. The company expects clear shipment growth in ...

Annual Revenue increased 14% to a record $988 Million Annual Net Income was $147 Million Cree has announced revenue of $243.0 million for its fourth quarter of fiscal 2011, ended June 26, 2011. This represents an 8% decrease compared to revenue of $264.6 million reported for the fourth fiscal quarter last year and an 11% increase compared to the third quarter of fiscal 2011. GAAP net income for the fourth quarter of $19.8 million, or $0.18 per diluted share, decreased 63% year-over-year compared to GAAP net income of $52.8 million, or $0.48 per diluted share, for the fo...

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the second quarter ended June 30, 2011. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Please refer to the attached table for details of the reconciliation between GAAP operating results and Non-GAAP operating results. All results presented herein are for Veeco’s “Continuing Operations” which excludes the Metrology business sold to Bruker Corporation on October...

Specialist manufacturer of solutions for light measurement Instrument Systems GmbH has closed another business year very successfully. The company has continued to extend its market leadership in LED metrology. Sales for the business year completed in June 2011 rose by 112% to 21.9 million euros – after 10.3 million euros in the business year 2009/10. A number of major contracts were responsible for this success, including a contract from a leading brand manufacturer of PCs and consumer electronics. The products from Instrument Systems are a benchmark for precision,...

Veeco Instruments Inc. (Nasdaq: VECO) announced that second quarter 2011 financial results will be distributed after the market closes on Thursday, July 28, 2011. A conference call reviewing these results has been scheduled for 5:00pm ET that day at 1-888-389-5979 (toll free) or 1-719-457-2689 using passcode 4992731. The call will also be webcast live on the Veeco website at www.veeco.com. A replay of the call will be available beginning at 8:00pm ET that same evening through midnight on August 11, 2011 at 888-203-1112 or 719-457-0820, using passcode4992731, or on the Vee...

According to Taiwan's Photonics Industry and Technology Development Association (PIDA), due to a high-growth market demand worldwide, Taiwan's LED industry revenues are likely to reach $6.8 billion in 2012 from this year's projected $5.2 billion revenues, surging by 32 percent. This is double than last year's first-ever $3.4 billion turnover. Both government and private sector incentives in many countries to boost the use of LED lighting has driven the high-growth market demand, analyzed by PIDA. Taiwan ranks second among the world's largest...

Illumitex has announced to raise $25.23 million in total for LED lighting, and has closed $13.5 million of that. Dan Watkins at DFJ Mercury, and Forest Baskett and Jimmy Treybig at New Enterprise Associates is listed on Illumitex’s filing. New Enterprise Associates and DFJ previously invested in Illumitex. Illumitex develops LED chips and assembles them into modules that will be built into light bulbs and installations. The company is targeting the general lighting market as well as lighting designs that accentuate architectural buildings and lightin...

Reportedly, GT Solar predicts its sapphire materials business will contribute about a tenth of its fiscal 2012 sales based on orders for general lighting applications pick up. According to Cree's CEO’s opinion at the Reuters Global Energy and Climate Summit, LED lights need to pay back hefty investments a lot quicker before they go mainstream. In opposite, GT Solar's CEO Tom Gutierrez, believes that as more capacity is brought on board, prices will fall, helping sales. In his opinion, the company's customers, centered in South Korea and C...