Some of the biggest, brightest names in the LED business may be merging – and while it’s unclear how this would affect the global lighting industry, we can already tell its impact on LED Waves‘ OEM operations will be huge.
Philips announced their intention to spin off Lumileds – which covers LUXEON, the line of LEDs built into the Illinois PAR30, the New York 3.0 PAR38, the Genesys 3.0 T8 tube, and a growing number of more industrial LED lights we are developing – into a separate company, after making an impressive $1.91 billion in sales last year.
This news coincided with Cree announcing their intention to grow through strategic acquisition. The makers of the LEDs in our Midtown recessed lights, Andromeda high bay, the California MR16 and other bulbs made in the USA by LED Waves; Cree is a direct competitor to Philips Lumileds, having shown comparable success with $1.4 billion in 2013 sales.
What this merge would mean for affiliated LED lighting OEMs such as ourselves in terms of administrative operations remains unseen. However, with strengths on both sides – Cree is known for envelope-pushing innovation and efficiency (their bulb was the first to break the 100lm/W efficacy barrier), while Philips stands out for providing the quality and consistency large scale lighting specifiers need (Lumiled’s “Freedom from Binning” policy was a game changer for us all) – we foresee only great things to happen with LED technology itself.