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LSI Industries acquires Atlas Lighting Products

July 29, 2017

L SI Industries Inc. has completed the acquisition of all the capital stock of Atlas Lighting Products , Inc., a Burlington, N.C. manufacturer of high-quality LED lighting products sold into the electrical distribution market. For the fiscal year ended December 25, 2016, Atlas' revenues were $56.5 million, and operating income was $8.8 million after adding back adjustments of private company expenses estimated to be $3.6 million. Similarly, adjusted EBITDA is estimated to have been approximately $9.7 million. Net of cash, Atlas' balance sheet was debt-free at December 25, 2016. Founded in 1992, Atlas has operated as an S Corporation since its formation. The terms of the agreement include a cash payment of $96.9 million, plus 200,000 five-year warrants to purchase LSI's common stock at an exercise price of $9.95, for a total consideration of $97.5 million. Funding will be provided by a combination of cash on hand and $66 million from a new $100 million commerc...

H.E. Williams, Igor team up in PoE Partnership

July 27, 2017

H .E. Williams, Inc. has chosen Igor, Inc. as a preferred provider for their turnkey PoE lighting solution . In surveying multiple PoE providers, Igor’s technical support, matured hardware and software capabilities stood out to Williams. Advancements in technology and pricing have set the stage for PoE to be a successful controls option of the future, as evidenced by the growing global momentum of PoE via large network gear providers and VARS. Igor’s PoE plug-and-play software platform enables Williams to be one of the first independent lighting manufacturers to release a turn-key PoE solution that complements their portfolio of LED lighting products. With a shared vision for the future of lighting, Igor and Williams know that this partnership will provide tremendous and immediate value to their customers. Steve L’Heureux, CEO of Igor, said, “This is a true industry inflection point. PoE is a proven and trusted technology and is increasingly in-demand as connecte...

Leviton achieves 20-Year milestone in BUILDER Magazine Brand Use Study

July 27, 2017

L eviton is being recognised as the ‘Brand Used Most’ in the lighting controls and switches category by BUILDER magazine’s 2017 Brand Use Study. Leviton has been the recipient of BUILDER’s prestigious ‘Brand Used Most’ category for 20 consecutive years, also placing first in 2017 in the ‘Brand Familiarity’ and ‘Brand Used in Past 2 Years’ categories. This recognition is a part of BUILDER’s yearly, in-depth survey, sponsored by Hanley Wood that studies how builders rate the products they are using in terms of quality, familiarity and opinion. Leviton offers a wide variety of innovative lighting controls that combine contemporary design and state-of-the-art technology. These include universal dimmers, fan speed controls, occupancy sensors, timer switches and more; many of which can now be controlled via smartphone app or tablet for added convenience. Leviton lighting controls provide precise, dependable control and complement any residential or commercial applica...

Luceco becomes Lighting Industry Academy ambassador

July 24, 2017

L uceco has recently become a Lighting Industry Academy Ambassador, supporting the Academy’s vision to reach its full potential by promoting the importance of education and skills across the lighting community. Luceco join other major industry players who champion the Academy as a home for learning and career development. The LIA is the largest trade association in Europe serving the UK Lighting Industry and is dedicated to promoting best practice throughout the sector, also assisting with technical support, laboratory testing services, staff development and networking opportunities. The Academy adopts a collaborative approach, offering a central point of access for lighting related learning and assurance of a consistent quality and with its Ambassadors support, will bring skills and learning to the whole lighting community, creating opportunities, and developing the lighting community for a bright and exciting future. Source: http://lightingindia.in/blog...

TALQ Consortium releases Beta version test tools

July 24, 2017

T he TALQ Consortium, developers of the global standard interface for smart outdoor lighting networks, have just released the formal beta version of the entire TALQ Test Suite for its members. With this test tool companies can now start testing their smart lighting solutions for multi-vendor interoperability. The Test Suite will allow first products to be TALQ certified later this year – ensuring interoperability without the expense and delay of plug fests. Furthermore the tool enables the Consortium to work on extending the TALQ Standard to other smart city applications. Cities and municipalities, when planning long-term investments like street lighting, always try to choose future-proof and interoperable solutions that will not constrain their future investment decisions. That is why, in 2012, the TALQ Consortium was founded to develop a global interface standard to connect and manage heterogeneous street lighting networks from many different hardware and software ven...

Varroc Lighting systems opens new electronics development centre

July 21, 2017

V arroc Lighting Systems opened its Electronics Development Centre in Nový Jičín, Czech Republic. The new research and prototype laboratory can house up to 100 electrical engineers and will serve as the company’s global research and development hub. The $1 million investment will improve the development and innovations of electronic components for major automakers. The 3,280-square foot facility includes in-house EMC laboratory for measurements of electromagnetic compatibility in an anechoic chamber. Varroc obtained funding from the 2016 Support for Science and Research in the Moravian-Silesian Region subsidy program for building the EMC lab. Todd C. Morgan, Vice President, Varroc Lighting Systems, said, “The number of electronic components in the automotive lighting segment is growing rapidly and Varroc has to respond to this trend. The newly opened Electronics Development Centre will allow our engineers to develop, innovate and test new electronics products a...

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