Chinese LED manufacturer Honglitronic recently announced the company will release 300 million non-public offering shares to raise RMB 725 million (US $116 million). The purposes of this round of financing is mainly for the construction of SMD LED manufacturing facilities, acquiring 49% of Liangyou Hardware’s shares, and increasing bonds payable and circulating capital.

Aucksun’s financial statement for first half of 2015 revealed, the company’s revenue rose 9.73% from a year earlier in 2Q15 to RMB 732 million (US$ 126 million), with RMB 137 million net profit, translating into 31.27% Year-on-Year (YoY). Net profits rose71.17%YoY to RMB 152 million. The reported net income attributable to shareholders is RMB 132 million, reflecting a 92.93% growth compared to the same period last year.

Chinese LED manufacturer Mason Technologies intends to acquire OML Technology for RMB 30 million (US $4.8 million). According to Mason Technologies, about RMB 28.2 million will be used to increase capital, while RMB 27.1 million will be used as additional paid-in capital. At the same time, the company will undergoes transfer of share. Mason Technologies will be securing 22% of OML shares through the acquisition.

The U.S. Department of Energy has released a report on a GATEWAY demonstration, in which maintenance and energy costs were significantly reduced while retaining the quality of light when LED modules replaced 87 halogen lamps in existing wall washers at the University of Maryland's Clarice Smith Performing Arts Center. The project began with mockups in the spring of 2014, with final installation completed in March 2015. The primary goals were to maintain the visual appearance of the space while reducing maintenance costs, with energy savings considered an additional benefit.

India will be replacing one billion lights nationwide with energy efficient LEDs within three years, The Economic Times quoted a top ranking Bureau of Energy Efficiency (BEE) official saying.

GE has partnered with Beacon Lighting to expand the reach of its LED business in Australia and New Zealand.

The LED industry is gradually maturing in 2015, with products cost/performance (C/P) ratio becoming increasingly important. Low and mid-power flip chip products are increasingly valued by the industry. To further understand this trend LEDinside recently interviewed Lattice Power Chief Technology Officer Hanmin Zhao.

Cree and Epistar announced on Aug. 4, 2015, the two companies signed a global LED patent cross license agreement. The move signals large LED manufacturers strategy of maintaining market positions through patent advantages, said LEDinside analysts.

Orion Energy Systems, a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2016 first quarter ended June 30, 2015, highlighted by strong LED sales and solid gross margin expansion.

Multimedia and consumer electronic company Thomson, which left the Indian market in 2004, is returning to the market through its LED TV subsidiary, according to Indian media The Financial Express.

Cree and Epistar have signed a worldwide patent cross-license agreement for LED chips to further advance the growth of the LED lighting and LED bulb markets. Cree and Epistar both hold broad and substantial LED chip patent portfolios that are important for making blue LEDs, the foundation of white LEDs found in most lighting products manufactured worldwide. Under the terms of the agreement, each party receives a license to the other’s nitride LED chip patents and is granted certain rights to non-nitride LED chip patents. Over the term of the agreement, Cree will receive a licensing fee and royalty payments from Epistar.

Opple Lighting, which is in the process of applying IPOs in China, has seen its revenues reach RMB 3.9 billion (US $630 million) in 2014, according to a report by Chinese-language media The Time Weekly.

While lasers were invented in 1960 and are commonly used in many applications, one characteristic of the technology has proven unattainable. No one has been able to create a laser that beams white light.

New technology developed by UC Berkeley bioengineers promises to make a workhorse lab tool cheaper, more portable and many times faster by accelerating the heating and cooling of genetic samples with the switch of a light.

U.S. MOCVD equipment manufacturer Veeco latest financial results shows the company's revenues increased 38% compared to the same period last year. The company did not break down its earnings into particular market sectors or applications.

India’s Bureau of Energy Efficiency (BEE) is implementing energy efficient labels similar to U.S. ENERGY STAR labels, according to a report from The New Indian Express.

Seoul Semiconductor affiliate’s acquisition proposal of Sensor Electronic Technology (SETi) has been approved by the U.S. Department of Defense, according to a report by The Korea Times.

Abu Dhabi, the capital of UAE has saved nearly US $1 million in energy costs, since rolling out its LED public lighting retrofit initiative, reportedUtilities-me.com.

Vivid Bike Lock is a wearable LED strip that lets bikers to be seen by other road occupants and also functions as lock that secure bicycle when needed.

This week Philips and Osram both announced their revenues for 2Q15. While both companies reported growth in the LED segment (Philips 21%, Osram , traditional lighting businesses have declined for both companies (Philips declined 16%, . Philips financial report also reflects a more pessimistic global economic outlook, with sales in China dropping. LED industry market trends are transforming from price wars to patent wars, according to Chinese media Money Weekly analyses. Among important industry acquistions, LED display manufacturer Ledman is spending EUR 25 million to acquire global leading sports media company Infront Sports and Media.

Chinese LED manufacturer Ledman announced it will be acquiring Infront Sports and Media for EUR 25 million (US $27.35 million) on Thursday.

Apple’s HomeKit development has been progressing at a sluggish pace, due to the company’s high security standards and specific identity chip requirements, reported MacRumors and other technology media reports.

LED lamps (lightbulbs) are proving to be a disruptive catalyst creating a very different dynamic in the long established lamp distribution channel. While the transition to LED technology in the light fixtures for new construction and/or building renovation is being smoothly managed by the established eco-system of independent specification agents and established electrical distributors, the impact on the existing sales and distribution channels and their respective supporting processes is being felt.

NASA at the Kennedy Space Center has entered into a partnership with Light Visually Transceiving (LVX) System Corp. to collaborate in developing a potentially ground-breaking technology in electronic communications. Similar to high-speed communication known as Wi-Fi, visible light communication, or VLC, is a wireless method using light-emitting diodes referred to as Li-Fi.

AFC Bournemouth has chosen Musco Lighting as its partner to install new floodlights using an LED light source at Vitality Stadium for its debut season in the Barclays Premier League.AFC Bournemouth recently earned a promotion to the top flight for the first time in the club’s history and wanted to ensure a premiere entertainment experience at Vitality Stadium for its supporters.

The DesignLights Consortium™ program and trademarks are assets to the DLC, its members and stakeholders. The July 2015 issue of the DLC Industry Update states the following: "It has come to our attention that 49 manufacturers have misrepresented the nature of their products to the DLC during the application process and were able to obtain DLC qualification for products that employ screw bases. Under current requirements, the DLC specifically excludes products that employ screw bases from qualification.

Bikers wearing Lumos Helmets can turn on the road without having to memorize hand signs, and avoid potentially being hit by confused motorists.

A small Chinese LED manufacturer Zhongshan Sover Lighting Company (Sover) patent infringement plaintiff filed against four leading industry players in China has been compared to as the battle between an ant and the elephant, according to Chinese-language media www.jiajui.com.

Taiwanese copper and electronic cable manufacturer Walsin Lihwa (Walsin) board has decided to sell its LED subsidiary Xian Walsin Technology in China’s assets for RMB 166 million (US $26.72 million) to Shangxi Electronic Information  Group, marking Walsin’s exit from the LED industry, according to a report from China Times.

Cleveland, the most populous city in Ohio, U.S. will be rolling out a major streetlight upgrade, according to a report by Associated Press (AP).