Revenues of $78 million, down 21% compared with the same period last year GAAP net loss per share of $0.40 and Non-GAAP net loss per share of $0.15 Non-GAAP adjusted EBITDA of negative $2.1 million

The National Electrical Manufacturers Association (NEMA) announced that ANSI Accredited Standards Committee C78 reaffirmed ANSI C78.42 High-Pressure Sodium Lamps. This standard sets forth the physical and electrical requirements for HPS lamps, to ensure performance and interchangeability. The data given also provides the basis for the electrical requirements for ballasts and ignitors, as well as the lamp-related requirements for luminaires.  

Royal Philips announced on Tuesday its lighting business’s “historical” Initial Public Offering (IPO), which will result in the listing of the lighting business on the Dutch bourse , and aims to sell at least 25% of its shares in the lighting company. The announcement ended contending Chinese and foreign investors takeover bid of the lighting business.

Demand of LED has resumed in the second quarter. Leading Taiwanese LED chip maker Epistar reached full production capacity in AlGaInP LEDs. Meanwhile, Unity Opto is expected to see two-digit growth in the second quarter as its order visibility rose to two months.

As previously communicated, Philips continues to simultaneously prepare for an initial public offering (IPO) or a private sale of Philips Lighting. With equity markets’ sentiment improving compared to the first couple of months of the year, an IPO increasingly appears a more likely outcome, subject to further market developments and other relevant circumstances.

Nichia and researchers from AIST have developed the first standard LED that covers the full visible light.  

Soraa, the world leader in GaN on GaN™ LED technology, today announced that it has appointed marketing veteran Todd Antes to the role of Senior Vice President of Marketing. Todd will report directly to CEO Jeff Parker and work closely with the sales and product development teams.

Goa, a state located in the South western region of India is to become the first state 100% lit with LEDs. The authority, the Electricity Department, has rolled out the distribution project of 1.5 million LED bulbs to approximately 489, 000 local consumers. Meanwhile, LED streetlight replacement project hosted by EESL will switch 166,000 conventional streetlights to LEDs, reported Herald.

“The second quarter was outstanding. We have achieved the best result in more than twenty quarters. And for the first time in ten quarters, revenue showed a noticeable increase nominally as well as on a comparable basis. This shows that our innovation and growth strategy is taking us in the right direction. Osram will successfully continue along this path. The foundation couldn’t be stronger,” said Olaf Berlien, Chief Executive Officer of OSRAM Licht AG.

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $367 million for its third quarter of fiscal 2016, ended March 27, 2016. This compares to revenue of $410 million reported for the third quarter of fiscal 2015, and $436 million reported for the second quarter of fiscal 2016. GAAP net income for the third quarter of fiscal 2016 was $152 thousand, or $0.00 per diluted share, compared to GAAP net income of $476 thousand, or $0.00 per diluted share, for the third quarter of fiscal 2015. On a non-GAAP basis, net income for the third quarter of fiscal 2016 was $17 million, or $0.17 per diluted share, compared to non-GAAP net income for the third quarter of fiscal 2015 of $25 million, or $0.22 per diluted share.

The U.S. Department of Energy has released a report on the first GATEWAY demonstration involving OLED lighting. Aurora Lighting Design, Inc., in Grayslake, IL, installed Acuity Brands' TriliaTM OLED lighting system in September 2014. The new report recounts the experiences of this pioneering project and provides valuable feedback to OLED and component manufacturers as well as luminaire manufacturers.

The U.S. Department of Energy's GATEWAY program has released the third report in a series documenting the performance of LED luminaires in the Yuma (Arizona) Sector Border Patrol Area, on the U.S.-Mexico border, which is a high-temperature, high-solar-radiation environment. The first report compared six LED luminaires installed in February 2014 to the incumbent high-intensity discharge (HID) lighting system, and the second discussed the performance of the LED system after 2,500 and 5,000 hours of operation, including unanticipated illuminance changes.

Frans van Houten, CEO: “Philips’ first-quarter 2016 results reflect solid comparable sales growth across our HealthTech businesses and our LED Lighting business, bolstered by the successful launch of several new products. We also delivered continued operational improvements throughout the company, driven by higher volume and improved product mix. Our overall performance strengthened, supported by the ongoing benefits of our multi-year Accelerate! transformation program, despite challenging macro-economic conditions in several markets.

Korea looks to increase subsidies it has been offering to OLED technology -related business projects to remain ahead of Chinese enterprises Reported Korea Times.

GE released first-quarter results last week, with industrial operating plus verticals earnings reaching $0.21 per share, up 5 percent compared to last year. The company said it remained on track to earn between $1.45 and $1.55 per share and return $26 billion to shareholders in 2016.

Today Current, powered by GE (NYSE: GE), announced the acquisition of Daintree Networks, an Industrial Internet provider of building controls solutions for commercial facilities. This acquisition will enable Current to expand its building automation platform and its energy-as-a-service offering to small- and medium-size facilities through the deployment of Daintree’s open, standards-based wireless control systems.

LEDinside has released two important research reports this week, in case you missed our research director Roger Chu’s talk at Taiwan International Lighting Show 2016 (TILS 2016) last week, you can find the complete summary of his talk from the contracting Chinese LED chip market piece. In addition, the company has unveiled the top 10 LED package manufacturer rankings in 2015. Nichia has defended the top ranking position, and Everlight edged up one spot. Taiwanese LED package manufacturer Lite-On has also squeezed into the top 10 rankings for the first time, for more details please see below.

Greg McNevin sheds light in this Greenpeace blog entry how LEDs are illuminating invisible radiation levels in Chernobyl and Fukushima. 

Today, the U.S. Senate passed the Energy Policy Modernization Act by a vote of 85-12. This vote comes four months after a December 3, 2015, vote in the U.S. House of Representatives on its comprehensive energy legislation, the North American Energy Security and Infrastructure Act.

Opposition party Projet Montréal in Canada is asking the city to halt its CA$ 110 million project to replace 110,000 streetlights with LEDs lights over health risk and light pollution concerns, reported Montreal Gazette.

Due to an ongoing positive business development in the second quarter the managing board of OSRAM Licht AG raises the revenue and profit outlook for fiscal year 2016.

Daintree Networks®, the leader in open networked wireless control, sensing and Enterprise Internet of Things™ solutions for smart buildings, and North American lighting leader OSRAM SYLVANIA, today announced their collaboration to enable out-of-the-box wirelessly controlled LED fixtures. The OSRAM Connected Lighting Module (CLM) is certified to work with Daintree Networks’ ControlScope® open networked wireless control solution, which further expands the availability of open standards-based controllable luminaires and facilitates the Enterprise Internet of Things (E-IoTTM).

The AT&T Center, home to the award-winning San Antonio Stock Show & Rodeo, the San Antonio Spurs, Stars, and Rampage, shines a little brighter. As part of a $110 million infrastructure and technology renovation project, new state-of-the-art light-emitting diode (LED) lighting was installed at the Bexar County-owned arena. The LEDs maximize energy efficiency and enhance the entertainment experience at the venue.

Policymakers, business leaders and financiers agreed that the global transition to energy efficient lighting solutions such as LEDs is an unprecedented opportunity, at a global event which took place in Vijayawada in the state of Andhra Pradesh, India, on April 7-8.

Company representatives from LiteOn, China Electric and Monocrystal urged Taiwanese LED manufacturers to direct resources to develop niche market products, instead of developing products in the overtly competitive general lighting and application markets during a press conference for the upcoming lighting show LED Taiwan at Taipei World Trade Center Club, Taiwan. 

Cornawall, a city in eastern Ontario, Canada, is expected to complete the upgrade of 5,000 LED streetlights by the end of 2016, reported Seaway News.

The National Electrical Manufacturers Association (NEMA) announced that ANSI Accredited Standards Committee C78 published ANSI C78.374-2015 Light-Emitting Diode Package Specification Sheet for General Illumination Applications. The purpose of this new standard is to specify the standardized white light-emitting diode (LED) package specification sheet, or data reporting format, as the means of communication between LED package producers and users in general illumination applications. The minimum defined contents and format of the specification sheet are provided. 

As crews installed the 30,000th energy efficient L.E.D. (light emitting diode) streetlight fixture of a planned 50,000 units in Hempstead Town, Supervisor Anthony J. Santino detailed energy cost savings associated with the major project.  At the same time, Santino “illuminated” residents on the expansion of planet friendly/cost saving the initiative to include the conversion of 17,000 interior light fixtures at town facilities.  Joining the Supervisor at a press briefing on Hamilton Avenue in Island Park was Councilman Anthony D’Esposito, along with Ricky Tripodo of Facility Solutions Group (FSG), a private sector partner that is converting streetlight elements in tandem with town work crews.

Royal Philips has listed six banks and filed draft documents to the Dutch market regulator for a possible IPO for its lighting division as it proceeds the sale of the lighting business, according to a recent Bloomberg report.

Highlights this week: Apple has dropped Osram Licht from its list of top 200 suppliers and added Royal Philips to its supply chain, ahead of the release of the iPhone 7.