Revenue rises about 6% on a comparable basis in 2016. Adjusted EBITA margin increases to 12.5%.  Proposed dividend of EUR 1.00 (US $1.13) per share. Osram managing board expects growth pace to continue in 2017.

YAMING Lighting, the gold sponsors of Light Middle East 2016 returns to the show after a successful outing last year. Rashid Al Noori, Chairman of YAMING MEA and CIS, said, "Since the last Light Middle East edition we have been in close contact with the industry's key players and have signed partnership with distributors within the region”.

Lighting Science, a global leader in next-generation LED lighting solutions, announced that it has been awarded a contract by Vizient. With an annual purchasing volume of almost US $100 billion, Vizient is the largest, member-driven health care performance improvement company in the country.

The Lighting Industry Association (LIA), Europe’s largest trade body for the lighting industry, is launching its own range of insurance services for its 280 members.

China’s optoelectronic power house is situated in its southern province Xiamen, which is known for its strong LED lighting industry, reported Xiamen Daily.

Did a boycott of Chinese products on India social media websites cause the sharp decline of LED bulb imports? A movement launched on Indian social media platforms during the annual lighting festival Diwali on Oct. 31, 2016 resulted in a 30% to 50% revenue decline of energy efficient lights and LED bulbs in Mumbai.

What are some of the potential consequences of introducing OLED display technology in the iPhone 8?

Once considered the top business to sale off, Samsung Electronics LED business has made an impressive turnaround recently, reported Business Korea.

Osram is expanding its expertise in smart outdoor lighting systems for cities by acquiring a minority stake in the Dutch software specialist Tvilight. The lighting maker will hold 47.5% of the company, which offers sensor technology and smart light management software for smart city solutions, among other things. Tvilight offers a platform for cities and other public space stakeholders to realize smart city visions and will continue to provide an open platform for suppliers of smart city solutions. 

Envirobrite is proud to announce its partnership with Soraa as a master distributor of Soraa products.

Silvair, a pioneer in Bluetooth-based smart lighting technologies for commercial applications, today announced that it has completed a US $12 million Series A round of funding. The new investment will enable the company to commercialize its end-to-end smart lighting platform, as well as to grow its marketing and customer support capabilities internationally.

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, announced financial results for its fiscal 2017 second quarter ended Sept. 30, 2016.

Heliospectra, a world leader in intelligent lighting technology (https://www.heliospectra.com/) for controlled environments horticulture, forecasts that America’s growing public support of legalized medicinal and recreational cannabis use will push industry to more sustainable cultivation practices and cost-effective LED light strategies.

Veeco Instruments announced financial results for its third fiscal quarter ended Sept. 30, 2016. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported adjusting for certain items ("Non-GAAP"). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

There has been stable growth in the global LED lighting market supply chain and distribution channels, the plateaued LED backlight market has ushered surging innovative LED applications in the market. How has soaring demands in new LED applications affected Taiwanese LED manufacturer’s Epistar’s LED shipments?

Philips Lighting, a global leader in lighting, and Xiaomi, the mobile internet company, today signed a joint venture agreement for smart home lighting in China. The companies have joined forces to design and develop connected LED luminaires and lamps for Xiaomi’s wireless smart home platform, including apps for controlling the lights both via Android and IoS-based smartphones. 

GE Lighting Solutions and Samsung Electronics announced the signing of a worldwide patent license agreement. 

In 2016, Epistar lead the Taiwan LED industry business model transition from unprofitable product portfolio to refocusing on more profitable client orders. Other LED companies have caught onto this trend, such as Unity Opto, which slashed LED bulb production capacity by 70%, reported China Times.

With effect from  1 November 2016, Guido van Tartwijk has become the new Chief Executive Officer (CEO) of Tridonic, a company belonging to the Zumtobel Group. He succeeds Alfred Felder, who has been appointed to the Group’s Management Board back in April this year. 

After numerous LED manufacturers forecasted their future earnings, Chinese LED enterprises finally released their financial results for 3Q16. For those with irrational fear that the LED industry is still in the phase of “increasing revenues but stagnant profits,” LEDinside has collected third quarter earnings from 32 LED companies for further evaluation of the credibility of market claims about current development.

Osram recently announced the latest developments about the acquisition transaction of its LED general lighting business sales to a Chinese investment  consortium headed by IDG Capital.

Plummeting LED lighting prices and net profits in the LED industry, has allowed LED filaments to emerge as the black horse in the market, placing it under the market spotlight. LED filaments were formerly plagued with manufacturing technology and yield rate issues, and in the past few years Epistar’s patent suits has placed LED filaments under the lime light again.

The U.S. Department of Energy's (DOE) Loan Programs Office (LPO) has announced an opportunity that may be of interest to the solid-state lighting community. The LPO invests in the power of American innovation to accelerate the deployment of innovative clean-energy projects across the U.S. in order to avoid, reduce, or sequester greenhouse gases. To date, it has supported a large, diverse portfolio of more than US $30 billion in loans, loan guarantees, and commitments that have covered more than 30 projects nationwide, generating over US $50 billion in total project investment, supporting job creation, cutting pollution, and enhancing American competitiveness in the global economy.

Materials manufacturer Covestro continued its successful half-year trend in the third quarter of 2016 with high Free Operating Cash Flow and strong earnings. Adjusted EBITDA rose significantly by 21.9% year-on-year to EUR 574 million, mainly driven by higher volumes combined with higher margins. The Group’s core volumes (in kilotons) were up by 9.1% on the prior-year period.

Company continues to provide high efficiency LED lighting solutions to reduce operating costs and improve light quality within public schools; has completed more than US $13.3 million in education work throughout 2016

China Electric or better known for its lighting brand Toa Lighting in Taiwan issued a statement on Oct. 31, 2016 rebutting Taiwanese media reports about ongoing company financial investigations were exaggerated and fabricated.

Sharp President Tai Jeng-wu confirmed last Saturday market rumors that Cupertino-based Apple will be adapting OLED screens in its next generation iPhones, reported Nikkei Asian review.

U.S. OLED manufacturer Universal Display Corporation’s office in Ireland reported a US $21 million loss in 2015 on revenue of US $98.2 million, reported Irish media Independent recently.

Blackbird Technologies (//www.blackbird-tech.com), a company dedicated to helping independent inventors and small companies realize value from their patents, has settled a patent infringement lawsuit with Kobi Electric and filed new cases concerning LED bulbs.

Philips Lighting, a global leader in lighting,announced that it signed a patent license agreement with GVA Lighting Inc., a designer and manufacturer of LED lighting systems for architectural and commercial markets. The license provides GVA Lighting with full, worldwide access to a wide range of basic LED control, color-mixing, and system-level technologies.