MarketNewsUpdates.com News Commentary
Palm Beach, FL /PRNewswire/ - The global custom and state-of-the-art lighting market is seeing a uptick in activity in the market as a result of latest advancements in lighting technology and applications. The market is witnessing rapid advancements as well as uses for lighting technologies, while the LED lighting technologies dominated the market in terms of revenue contribution in 2016. Lighting solutions and advancements in the market of note this week include: AV1 Group, Inc. (OTC: AVOP), Cree Inc. (NASDAQ: CREE), Koninklijke Philips N.V (NYSE: PHG), Amazon.com, Inc. (NASDAQ: AMZN), General Electric (NYSE: GE).
AV1 Group, Inc. (OTC: AVOP), is pleased to announce that the Company has successfully landed a $20,000 purchase order for cutting-edge SMART LED fixtures for a 500-acre master planned community in Baja California. These custom lighting solutions, designed with a state-of-the-art internal camera, will serve to illuminate and protect the development's entrance. Read this and more news for AVOP at: http://www.marketnewsupdates.com/news/avop.html
The solar LED series slated for delivery in the next 60 days is an intelligent lighting solution enhanced with the capability to provide street-wide wireless access for many different applications. Having the ability to utilize all-in-one housing that incorporates a wireless MESH radio, this advanced set up enables remote access and monitoring of infrastructure and allows secure access for a number of practical and beneficial surveillance applications.
The Company further announced that as part of this contract, it is now the exclusive lighting provider for the entire development, which is approved for over 1,300 home sites, a marina, and a planned hotel with commercial space. Lisa Landau, Director of Lighting, stated, "As a green, self-contained beachfront community, our lighting proposal and technology is a perfect fit for this development. This allows solar capabilities, along with the connectivity via SMART grid and wireless access for all homeowners with remote access that keeps security costs to a minimum. Coupled with our competitive pricing, we were awarded the exclusive contract. This is a very significant agreement as it not only provides a sale with substantial ongoing lighting needs as they develop the property, but gives us a footprint into a large tourist destination area with similar developments and communities with similar needs."
In other industry news and developments:
Cree Inc. (NASDAQ: CREE) announced recently C-Lite™ LED Lighting by Cree (C-Lite), a portfolio of LED lighting products that offers electrical distributors and contractors a broad range of stock and flow items with the energy efficiency and performance they expect. The new portfolio complements market-leading Cree® and Essentia® by Cree branded lighting products, making available high-performance Cree-backed products across market segments.
Philips Lighting - Koninklijke Philips N.V (NYSE: PHG) - has launched Philips TrueForce LED Urban lamp alternative for outdoor luminaires in public spaces. According to Philips, Urban allows cities to easily upgrade to high-performance LEDs while preserving their legacy fixtures for applications using high pressure mercury (80W/125W) and sodium ovoid lamps (50W/70W) in streets, residential roads, parks and public squares. The LED lamp alternative is designed to fit with existing modern and traditional outdoor luminaires such as post top or bollards. It is available in two versions: a clear lens for applications where the lamp is not visible and a frosted lens for transparent luminaires to improve light output while maintaining an original look and feel.
Amazon.com, Inc.'s (NASDAQ: AMZN) popular voice assistant, Alexa, will make its first debut in a non-Amazon produced electronic device-a lamp-in September. General Electric (NYSE: GE) Lighting and Amazon said last Friday that the lamp, called C by GE Sol, will cost $200. Announced last year, C by GE Sol is a circular lamp that looks like a large ring and can sit on a bedside table. The device connects to the Internet and has Alexa built into it so that it can answer questions, plays music on command, order dinner, and buy goods from Amazon.com.
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