Foreign media reported that GE recently revealed that it has more closely integrated its traditional lighting business with its new lighting and energy sector Current, and is also looking for buyers for these two businesses.
GE disclosed its fourth quarter 2017 earnings at the end of last month. From the report, GE's overall revenue in the fourth quarter fell by 5%. Among them, lighting business revenue fell by 7%, from 584 million US dollars in the fourth quarter of 2016 to 546 million US dollars.
The troubled company also posted a footnote in its fourth-quarter financial report, saying the company is currently calculating the revenue of Current and other lighting businesses as a division, the lighting business unit.
It is reported that the previous lighting is part of the Energy Connection and Lighting business. Starting from the third quarter of 2017, after the planned sale of the lighting business, GE separated the energy interconnection business, and the energy interconnection business began to merge. GE Power Business (GE Power). Due to this combination, GE Lighting and Current are reported as an independent part. The implication is that the lighting business will be dominated by GE's Current company, and the future GE lighting business is only part of Current.
Founded in 2015, Current is an innovative energy company that combines LED, solar, energy storage and electric vehicle businesses, and has incorporated business in the LED business for commercial and industrial customers. Current's idea is to help commercial users install lighting, solar panels, electric vehicle chargers and batteries, and the Predix platform to provide customers with cost-effective and efficient energy solutions. Current's philosophy fits well with the former GE CEO Jeff Immelt's Industrial Internet of Things (IoT) philosophy, which drives all of its data collection technologies from gas turbines to jet engines to light bulbs. Immelt resigned last summer.
GE Current currently maintains business relationships with large business users such as Wal-Mart.
But as the industry moves toward smart IoT lighting, Current's exact mission seems to have been shaken. The company once withdrew from the smart city project, and then cooperated with other manufacturers to form an ecosystem. For example, it cooperated with AT&T to launch smart street lamps, provided IoT equipment for the construction of “smart cityâ€, and tested the smart city market. It also seems to no longer emphasize indoor positioning services, but to lay out intelligent lighting, focusing on energy saving.
Although GE is exiting the lighting market, it does not seem to be the case. In fact, GE Lighting continues to develop smart home products, such as the "C by GE" smart light bulb series, and supports Amazon Alexa and Google Assistant voice control.
In the first year-end financial report since John Flannery took over as CEO, GE made it clear that Lighting and Current are on sale. (Source: GE)
However, in the fourth quarter report, GE dispelled any doubts - it intends to sell Current and lighting. The company offers a long list of projects that may affect its actual financial results, such as the sale of transportation, industrial solutions and existing lighting operations.
Foreign media said that potential buyers may include several lighting manufacturers from China and Europe.
New from Puff Bar comes the Puff Plus Disposable Vape pen. The pens are pre-filled with 3-5mL of 5%(50mg) nicotine e-juice. The device has a 550-650mAh internal battery that`ll last you for the entire 3.2mL of juice. This effectively doubles the life of the classic Puff Bar pens. The device is larger than the original, and now takes on a cylindrical shape. No need to charge or refill, these draw-activated pens can be disposed of when they're spent.
Disposable Vape 900 Puffs,900 Puff Vape,900 Puff E Cig,Disposable Vape Pen 900 Puffs
Nanning Goodman Technology Co.,Ltd , https://www.goodmentech.com