News Updates for the Week of November 26

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1.      Philips Lighting’s CEO Bruno Biasiotta Announces Reorganization - With greater attention to the customer experience, Philips Lighting is creating a one lighting go to market organization focused around geographies and differentiated by channel.

• They will begin to move towards a single Professional sales team by providing access to the entire Philips portfolio, also maintaining partnerships with independent agents. Leading this division is Ed Crawford. 
• The Consumer sales team, led by Kerry Vachon, will represent the full portfolio for the Consumer channel.
• The OEM sales team will report into the Lighting NA market organization. 
• The National Accounts and Services group will expand its activities and establish and invest in Turnkey Projects & Solutions (TP&S) to build solutions selling capability as a growth platform. Bill Schoettler is in charge here.  
• Danny Garst will head up a centrally led Customer Fulfillment and Sales Support Centers. Customer Fulfillment to offer a one Philips point of contact, while continuing to focus on forecast accuracy and on time order delivery. Sales support to focus on functional excellence and capabilities.  

2.      FMI Releases 2013 Construction Outlook - FMI, the Raleigh, N.C.-based provider of management consulting and investment banking to the engineering and construction industry, has forecast an 8% increase in construction activity for 2013. Robust growth in residential construction, as well as a few strong markets in nonresidential and non-building construction, will contribute to the expansion, the report said. http://www.fminet.com/resources

3.      City Announces $10 Million Available for Energy Efficiency Loans - A new public-private initiative is offering Knoxville businesses a funding source to help finance energy efficiency improvements such as heating system upgrades and building retrofits. Through the city's partnership with Pathway Lending, a total of $10 million in loans will be available for businesses in Knoxville and Knox County.  Low-interest loans from $25,000 to $2.5 million are available through a the "Mayor's Energy Efficiency Challenge." Details are available at www.pathwaylending.org

4.      Incandescent Lamp Shipments Index Remains Resilient Through Third Quarter - NEMA’s index for traditional A-line incandescent lamps increased 20.2 percent during Q3 2012 rebounding from a slide of 18.2 percent in Q2 2012. Meanwhile, the CFL index registered a decline of 3.3 percent compared to the previous quarter. Halogen A-line lamp shipments gained momentum, increasing by 83.3 percent on a quarterly basis. The index for halogen A-line lamps has increased in 7 out of the last 8 quarters. http://www.nema.org

 

5.      Nexxus Lighting Changes Name to Revolution Lighting Technologies, Inc. - Nexxus Lighting, Inc. (NEXS) announced that the company has changed its name to Revolution Lighting Technologies, Inc. (RVLT), effective November 15, 2012. www.rvlti.com

6.      DOE Updates the Latest L Prize Lamp Test Results, Rebate Offers - The US DOE continues to test the Philips Lighting LED 60W-equivalent retrofit lamp that won the L Prize with no failures reported over more than 20,000 hours of operation. The full lot of 200 sample lamps are all still operating. The tests have reached what the agency considers the equivalent of 18 years of household use with no failures. Moreover, the average lumen maintenance remains above 100% of their initial output. The DOE also released a summary of rebates available for the solid-state lighting (SSL) product that range as high as $20 per lamp. http://ledsmagazine.com/news/9/11/13

7.      Existing Home Sales Rise in October - According to a report from the National Association of Realtors, existing home sales in the U.S. rose 2.1% in October.  Existing home sales grew to seasonally adjusted annual rate of 4.79 million units, according to a report issued Monday morning. The figure is up 2.1% from September’s rate, and up 10.9% from the 4.32 million level in October 2011. 11/19 HCN

8.      Housing Starts Rise Again - The residential construction surge from September stayed the course in October, as the seasonally adjusted annual rate of housing starts increased to 894,000. The figure is up 3.6% from a downwardly revised September estimate of 863,000. More impressive, it is up 41.9% from the October 2011 rate of 630,000. Like the September figure, the October figure is the highest since July 2008. 11/20 HCN

9.      Daimler to Introduce Luxury Car Lit Entirely with LEDs - The new Mercedes-Benz S-Class will be the first car to be fitted completely with LEDs as standard, while optional extras will include adaptive LED headlamps that adjust according to other road users. The car will use over 190 LEDs that will illuminate the road ahead, as well as the vehicle’s exterior, interior and luggage compartment. Of course, Daimler’s rivals have also been hard at work introducing LED lighting into their vehicles. http://ledsmagazine.com/news/9/11/15