Skip to main content

a Bloomberg Television interview broadcast today

plans to increase the number of research workers dedicated to light-emitting diodes as the devices replace incandescent bulbs in homes and offices.

The company will allocate almost half its research employees of about 200 to LED development as soon as possible, rising from 10 percent now, Mitsuyuki Kanamori, who was appointed president of Tokyo-based Citizen on April 1, said in a Bloomberg Television interview broadcast today.

Citizen, whose diodes are mostly used for mobile-phone backlights at present, plans to refocus its LED operations on lighting fixtures. LEDs, which are brighter and more energy efficient than incandescent bulbs, will replace standard lamps from 2010, according to industry researcher iSuppli Corp.

The company plans to combine with Citizen Technology Center Co., its research division, from July 1 and is reconsidering its development priorities, Kanamori said, without specifying details.

Citizen entered into a cross-shareholding agreement with Tokushima, Japan-based Nichia Corp. in October to secure supply of LED components and access to the company's patents in anticipation of rising demand.

Comments

Post a Comment

Popular posts from this blog

while all of hit new record quarterly highs

As a result, to increase greenhouse yields and decrease producers' energy costs, they will team up with Rutgers University, the University of Arizona, Michigan State University, and Orbital Technologies Corp. on the four-year project to improve and evaluate LED lighting for greenhouse use, according to Cary Mitchell, a professor of horticulture and project director for the grant. Total sales from January through September of 2010 hit NT$92.88 billion, up 35% YoY. Meanwhile, operating profit and net profit reached NT$5.67 billion and NT$6.8 billion respectively, with accumulated EPS of NT$3.05 increasing a remarkable 50% YoY. In 3Q10, The Company’s gross margin and operating margin reached 13.9% and 6.7%, up 0.9% and 0.4% QoQ, respectively. Lite-On’s net cash position held steady at NT$11.9 billion, after its recent cash dividend distribution of NT$5 billion. Non-operating items posted a net income of NT$508 million in3Q, with Perlos’ Q3 sales reaching €138 million, up 12% YoY. Perl...
Post a Comment
Read more

It is extremely rare for the government to ask retailers

Stephan Wittekind, Business Development Director at Traxon, said, “The highlight of this concept is that the fixtures are completely integrated into the semi-transparent structure. Therefore, they are not visible during the day, and the appearance of the stadium is completely different by night.” According to The Yomiuri Shimbun, Japanese government has encouraged major electronics retailers and home appliance makers to voluntarily halt production and sales of incandescent bulbs to save Led linear high bay light power this summer. The government plans to submit a written request under the names of Economy, Trade and Industry Minister Yukio Edano and Environment Minister Goshi Hosono to an industry group, probably sometime this week. The industry side has indicated it will oblige. It is extremely rare for the government to ask retailers and manufacturers to refrain voluntarily from selling and producing specific products.The two ministers plan to send their request to Sho-ene Akar...
Post a Comment
Read more

Universal Display will develop new technologies and processes for OLED manufacturing

In addition to the patent sale, the 2 companies are engaged in “a strategic relationship,” with strengthened and enhanced alliances between the companies. Fujifilm will expand its business for the supply of Fujifilm's highly functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers globally, including Universal Display's worldwide customer base. Universal Display will develop new technologies and processes for OLED manufacturing. John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco continues to deliver solid results in a soft market. Second quarter revenue was $137 million, and adjusted EBITA and non-GAAP earnings per share were $20 million and $0.37, respectively, with gross margins of 45%. Veeco generated about $19 million in cash flow from operations, ending the quarter with $540 million in cash and short term investments.” Second quarter LED & Solar revenues were $87 million, including $75 mil...
Post a Comment
Read more