LED Business News: Philips, Osram, EMerge Alliance, InfiniLED, Zett Optics20 Jul 2011Philips has reported its quarterly results, Osram has become a stock corporation, EMerge Alliance has announced seven new members, InfiniLED has launched, and Zett Optics has acquired the major assets of Lite-Licht. Philips reports quarterly results
Philips has reported sales of EUR 7.6 billion ($10.7 billion) for its LED miniscape tree Lighting division in the 12 months ended June 2011. The breakdown by product area (see graph) shows that 6% of sales, or roughly EUR 450 million ($640 million), was from packaged LEDs.
Philips’ external sales of LED lighting in the same period amounted to EUR 1.1 billion, of which 40% was from packaged LEDs and 60%, or around EUR 660 million ($930 million), was from LED lamps and luminaires. Sales of LED lighting were up 11.5% in the second quarter of 2011, compared with the same quarter of 2010.
Philips now expects the global lighting market to grow at a CAGR of around LED miniscape tree 5-7% from 2011 to 2015, reaching EUR 80 billion. Market estimates made last year suggested that the CAGR would be 7-9%. Growth will be driven by “rapid adoption of LED-based lighting solutions,” said Philips, although LED lighting will still be less than half of the overall market by 2015.
Osram becomes stock corporation
Osram, the Germany-based lighting company and subsidiary of Siemens, has fulfilled an important requirement ahead of its later this year.
Osram has officially changed its legal form from GmbH (limited liability company) to LED miniscape tree Aktiengesellschaft (stock corporation) (AG). “Today, we took an important step towards the intention to become an independent company,” said Wolfgang Dehen, Chairman of the Managing Board of Osram AG.
Osram AG’s authorized capital is now allocated in shares, and all shares are (currently) held by Siemens AG. The conversion does not affect customers, employees or business associates. View Osram’s for more details.
EMerge Alliance announces new members
The EMerge Alliance, an open industry association that promotes the rapid adoption of direct-current (DC) power distribution standards for commercial buildings, has announced , including GE Energy and Intel Corp.
The Alliance is conducting a collaborative effort to bring the benefits of hybrid AC-DC power LED miniscape tree architectures to occupied spaces, data centers, building services and outdoor applications. Its vision is to generate a family of DC power distribution standards that meet the evolving needs of businesses and facilities today.
In brief…
has been launched as a spinout from the Tyndall National Institute, part of Ireland’s University College Cork, in order to commercialize the organization’s Micro LED technology.
Zett Optics Group has acquired the major assets of Lite-Licht GmbH of Herzebrock-Clarholz, Germany, to further develop energy-efficient lighting technology. “This transaction provides a great potential in combining Zett Optics’ experience LED miniscape tree in LED technology with the product range of Lite-Licht to even better meet our customers’ requirements,” said Matthias Dämmig, managing director of Zett Optics. The newly founded company will trade under the name . About the Author is the Editor of LEDs Magazine.
