2011-07-21

GE Lighting Spent $15-20 million to Acquire Lightech

Reportedly, GE Lighting has injected  $15-20 million to acquire  Lightech Ltd., which is still caught in legal proceedings following the failure of its acquisition by Carmanah Technologies Corporation. It’s said that Lightech was formed by David Schreiber and his son Zvi, who serves as CEO in 1992. The company specializes in components for managing the energy supply to lighting units in order to save energy. The company designs drivers and transformers for use in LED and halogen lighting which it manufactures in China....
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To bring advertising to life along major roadways in Dubai, United Arab Emirates, Daktronics has partnered with Al Arabia Out Of Home, LLC, to manufacture and deliver 10 LED displays on skybridges above roadways. The project was completed late... READ MORE

The future is right in front of our eyes: lighter, sleeker, and smarter than ever before. Smart glasses is no longer a distant vision; it is on the verge of becoming as natural to us as the smartphone is today. But turning this vision into rea... READ MORE