GE aligns with Nichia, ups its investment in LEDs

The General Electric Company through its Consumer & Industrial business and the Nichia Corporation announced August 31 a strategic alliance agreement to support GELcore LLC, based in Cleveland. GELcore, formed in 1999, was previously a joint venture between GE and the Emcore Corporation of Somerset, N.J. GE purchased Emcore's 49 percent interest in the joint venture for $100 million, demonstrating its ongoing commitment to invest in LED technology and the future of lighting.   

This agreement combines GELcore's LED system strengths in the Transportation, Signage, Specialty Illumination and General Illumination segments with Nichia’s extensive phosphor and optoelectronics products, such as LEDs. Both companies expect to benefit significantly from each other’s expertise and penetrate the high-growth LED general illumination segment. 

“This agreement is a true win-win outcome for both parties and clearly demonstrates GE’s commitment to solid-state lighting technology,” said Michael B. Petras Jr., GE vice president, Electrical Distribution & Lighting. “GE and Nichia’s combined excellence creates a pre-eminent alliance that is ideally suited to support GELcore’s efforts to accelerate the growth and penetration of LED-based lighting solutions in the $12 billion global lighting segment.”