2016-05-06

Hot Picks of the Week May 2-6

It has been confirmed that Philips Lighting will be issuing an IPO instead of being put up for sale, Philips will gradually sell more than 25% of its stake in the lighting business. Additionally, the company’s IPO announcement will disappoint several investors, such as Go Scale Capital, Melrose, and Apollo to name a few that had previously been interested in submitting bidding proposals. The company’s lighting arm in Thailand has also decided to shut down its fluorescent bulb factory as market penetration of LEDs escalate in the local market to more than 34%.
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On July 20, Tesla’s first-ever “Supercharger Diner” officially began trial operations in Los Angeles, featuring a Hollywood-themed restaurant and Supercharger station. The highlight of the facility is its integration of two 4... READ MORE

As global demand for more efficient and sustainable agriculture continues to grow, LED technology is playing a pivotal role in transforming the horticulture industry. One company at the forefront of this evolution is Cree LED, whose recent adv... READ MORE