Posted March 5, 201015 yr Not sure if this was posted somewhere else, but this is pretty big news. http://www.cleveland.com/cityhall/index.ssf/2010/03/cleveland_mayor_frank_jackson_12.html "The biggest news that emerged from his 34-minute speech, presented by the City Club of Cleveland, was an announcement that the city is finalizing an agreement with a Chinese manufacturer of LED lights to bring its U.S. headquarters to Cleveland. Jackson said Sunpu Opto Semiconductor Co.'s facilities here would include an assembly and manufacturing operation as well as research-and-development facilities that would create as many as 350 "green" jobs."
March 5, 201015 yr Wow, 350 jobs? I wonder if that's at the start or at the peak? I would assume that it means at its peak. Politicians always word stuff this way.
March 5, 201015 yr I would assume that it means at its peak. Politicians always word stuff this way. Yea, and that's always a guesstimate, who knows if it will ever get there.
March 28, 201015 yr City of Cleveland's talks with Chinese LED lighting company continuing CLEVELAND, Ohio -- During his State of the City address earlier this month, Mayor Frank Jackson raised expectations with the announcement that Cleveland Public Power commissioner Ivan Henderson was in China "finalizing" a deal for an LED lighting company to establish its U.S. headquarters here. That deal with Sunpu Opto Semiconductor could create as many as 350 "green" jobs to Cleveland, the mayor announced. "This spring, we will submit the project for approval to Cleveland City Council and I look forward to working with them to help turn this vision into reality," Jackson said in his speech. Finalizing might have been a small rhetorical leap by the mayor, but city officials say work continues to bring the Ningbo-based company here. http://www.cleveland.com/cityhall/index.ssf/2010/03/city_of_clevelands_talks_with.html
May 18, 201015 yr Opinions?? Cleveland council committee embraces LED lighting deal By Mark Gillispie, The Plain Dealer May 17, 2010, 10:02PM CLEVELAND, Ohio -- City Council's Finance Committee gave its approval Monday night to a deal that would grant a Chinese company exclusive rights to sell millions of dollars in LED lights to the city. The full council, however, did not approve the measure Monday because it lacked the 13 votes needed to pass an emergency ordinance. The legislation is expected to be approved next week during a third reading of the ordinance, at which point only 10 of the council's 19 members will have to give their support. The proposed 10-year deal with Sunpu-Opto Semiconductor has turned into a crucial test of Mayor Frank Jackson's efforts to revitalize Cleveland. The agreement calls for Sunpu-Opto to make Cleveland its North American headquarters and create 350 jobs in exchange for being the city's sole supplier of LED lights. http://blog.cleveland.com/metro/2010/05/cleveland_city_council_mulls_l.html
May 18, 201015 yr I'm for it. As I said in the Mayor Jackson thread... if there was another company willing to build a new plant in the City of Cleveland, employing up to 350 workers from the City of Cleveland, and making LED lights which will be used in the City of Cleveland, then the contract should have been put up to bid. Since there was no other company willing to do so, WHY NOT create jobs in the City (some of which will be low-skill jobs which many claim the city needs more of)? My only fear from the deal is GE retaliating in some type of way, affecting the workers at Nela Park. Nela Park is a GREAT, historic asset for the region.
May 18, 201015 yr I'm for it. As I said in the Mayor Jackson thread... if there was another company willing to build a new plant in the City of Cleveland, employing up to 350 workers from the City of Cleveland, and making LED lights which will be used in the City of Cleveland, then the contract should have been put up to bid. Since there was no other company willing to do so, WHY NOT create jobs in the City (some of which will be low-skill jobs which many claim the city needs more of)? My only fear from the deal is GE retaliating in some type of way, affecting the workers at Nela Park. Nela Park is a GREAT, historic asset for the region. Except there is one, out of Akron. The story was in last Sundays PD. They claimed they would build a plant employing 400, make a better product and should have a chance at the incentives and build a plant here. (maybe they will build one in China instead?)
May 18, 201015 yr Being an engineer at Nela Park working on LED products as well as a resident of Cleveland, I am very disappointed in this deal. We have been receiving a lot of the communications between our CEO, Michael Petraes, and the city (I've also seen a few councilmen here on campus recently). Some of things I've heard about how our local politics work behind the scenes, as well as their supposed lack of research into this field is depressing. I obviously support job creation in the city of Cleveland but locking ourselves into a 10 year deal with an unproven company is absurd with a technology that is developing at such a rapid pace. First of all Sunpoo's products leave a lot to be desired (a street light with a ton of LEDs on a board with no optics to spread the light in a desirable way). Their products also are not certified by EnergyStar, UL, etc. I really question the quality and reliability of their products but to be fair I've never handled any of their products. On a selfish note it is a little disheartening to most people at Nela Park that our "hometown" is not embracing our 100 year history of innovation and leadership in the lighting world. There is no doubt that our competitors will use this against us as we fight to win other bids. It feels as if the city has given us the cold shoulder considering the millions of dollars we've pumped into the local economy as well as the millions we've given to the school system (STEM school), local charities, etc. I know some will say "well GE has shipped all of the jobs to China and Sunpoo will be "making" their products here." Although I do wish we still had a large manufacturing base here I understand we have to do whatever it takes to stay competitive. However, we still employ over 600 people in the city with the majority of them being higher paying jobs. Sunpoo's higher paying jobs are in China and the lower paying jobs will be here. In no way am I saying we should automatically be given the business but to be locked out of the opportunity to show off our award winning products to friends and family as we show off our city angers me and my councilman knows this (in a polite way of course) even though he's done a great job of ignoring me. Anyway that's my opinion and I know I'm slightly biased but I truly hope I end up being wrong about this deal but I fear for the worst.
May 18, 201015 yr I'm for it. As I said in the Mayor Jackson thread... if there was another company willing to build a new plant in the City of Cleveland, employing up to 350 workers from the City of Cleveland, and making LED lights which will be used in the City of Cleveland, then the contract should have been put up to bid. Since there was no other company willing to do so, WHY NOT create jobs in the City (some of which will be low-skill jobs which many claim the city needs more of)? My only fear from the deal is GE retaliating in some type of way, affecting the workers at Nela Park. Nela Park is a GREAT, historic asset for the region. Except there is one, out of Akron. The story was in last Sundays PD. They claimed they would build a plant employing 400, make a better product and should have a chance at the incentives and build a plant here. (maybe they will build one in China instead?) I stand corrected- Thank you. This is what my opinion was based on- and since there is indeed another company who could have done the same while producing even more jobs, this definitely should have been put out to bid. And because of this, I think this deal was structured strictly for political reasons, as the Mayor will be able to claim that he brought jobs from overseas to Cleveland instead of relying on a company that oursources jobs overseas. tradition7- Thanks for the insight. I agree 100% about GE's corporate presence in the region (in East Cleveland, no less). Learning of what willyboy posted, I agree that GE should have been given the chance to show what it could do. Who is to say that GE could not also employ locally for the building of the new LEDs to be used in Cleveland? I guess we'll never know.
May 18, 201015 yr ^^Thanks for weighing in, tradition7- all good points. And these paragraphs from the Cleveland.com article make me shiver in fear... Councilman Brian Cummins asked whether the city would require Sunpu-Opto to have its products Energy Star-certified as a requirement of the contract. Cummins also pointed out that the proposed deal contains no performance standards for Sunpu-Opto's LED lights. Cleveland Public Power Commissioner Ivan Henderson said Energy Star ratings are not necessary. Henderson said a product that does not receive the U.S. Department of Energy's rating may be "sub-optimal" to products that are Energy Star rated, "but it doesn't mean it's sub-optimal." Good lord. I wish I knew if this company had been able to sell any product to other US cities. What kind of deadlines are there for them to open their HQ and plant? What happens if the promised jobs don't materialize? What if their LEDs are terrible? Maybe it's all in the proposed ordinance, but it would be great if the PD would dig in a little more.
May 18, 201015 yr Ladyluck- I don't want to reveal any privileged info but I know we are considering all options to fight for the city's business. StrapHanger- it is very concerning that there seem to be no performance requirements being put on Sunpu and the fact that they've had no major North American sales to date (as far as I know). A disheartening note on politics: I believe 3 of the councilpersons are facing rezoning and therefore will vote with the mayor no matter what for fear of being "zoned out" of a job if they try to rock the boat so to speak.
May 18, 201015 yr Below is the story from the other week about the Akron firm. Exactly Oldmanladyluck and Straphanger….. And Tedolph you are correct on all counts. The city so desperately needs a real leader. This will likely come back to bite the Mayor and the city if it moves forward as is. Akron firm says it can provide Cleveland better LED lights, is willing to move to city By Mark Gillispie, The Plain Dealer May 08, 2010, 6:00AM AKRON, Ohio -- An Akron firm thinks the Cleveland City Council needs to hear its pitch before following through on Mayor Frank Jackson's proposal to give a Chinese company exclusive rights to sell the city high-tech lights….. Green Mill Global officials contend that they offer better LED lights than Sunpu-Opto Semiconductor and, like the Chinese company, are willing to build a headquarters and manufacturing plant in the city. Green Mill officials said Friday that they will create 400 jobs within seven years.http://blog.cleveland.com/metro/2010/05/akron_firm_says_it_can_provide.html
May 18, 201015 yr This second story is an amusing commentary from Mr. Larkin, and sums up the mayor pretty well, although I don’t necessarily agree to the degree of Eaton blame. (note the classic Jackson line (but whataya gonna do.....)) Mayor Jackson's critics fear city being LED astray in Chinese light bulb deal: Brent Larkin By Brent Larkin May 09, 2010, 5:05AM CLEVELAND, Ohio — Mayor Frank Jackson knows critics and friends alike want him to think big, be bold. And in proposing to hand a Chinese company what amounts to a 10-year monopoly on selling the city millions of dollars in LED lights, the mayor insists that "is exactly what I'm doing." Far less certain is whether he's being smart. Defending that deal, Jackson said last week, "I may be wrong, but it ain't because I've been trying to be wrong." This time, that's not good enough. http://www.cleveland.com/opinion/index.ssf/2010/05/mayor_jacksons_critics_fear_ci.html
May 18, 201015 yr "Ain't" This is the grammar of the top city representative. The word "ain't" is a contraction for "I am not". Hence, to say "I ain't going to work today" is prefectly gramatical.
May 18, 201015 yr Thanks, willyboy for posting those. This is a really interesting situation. From what I gather from some very superficial looking around, the mass conversion to LEDs is still in its infancy. Here's some background from the DOE Municipal Solid-State Street Lighting Consortium: http://www1.eere.energy.gov/buildings/ssl/consortium_about.html]http://www1.eere.energy.gov/buildings/ssl/consortium_about.html SSL streetlights are still a relatively new development and have no long-term operating history. Therefore, substantial risk exists for making large-scale mistakes with products that are not up to the mark in terms of performance, or expected durability/lifetime in a real-world environment Great. I'm not sure how great it is to commit the city to a single provider at this point.
May 18, 201015 yr "Ain't" This is the grammar of the top city representative. The word "ain't" is a contraction for "I am not". Hence, to say "I ain't going to work today" is prefectly gramatical perfectly grammatical. Well maybe it is and maybe it aint :wink: (although it doesn't sound very professional), but I was more talking about the "well things are what they are" lackadaisical attitude that is so.. umm.. endearing about Jackson
May 19, 201015 yr Here's some more background about LED light bulbs (relevant to the non-street light portion of this deal): http://www.nytimes.com/2010/05/17/technology/17bulb.html?src=me&ref=technology Sunpu wasn't mentioned in the article. But what was mentioned were the very high upfront costs for the LED bulbs. They will initially retail for $40-$60, but as you'd expect, they'll have extremely long life and use very little energy, even compared to compact florescent- so a good deal on a life cycle basis. But that very large upfront costs makes quality and the ability to stand behind warranties that much more important.
May 20, 201015 yr Here's to European and world spin-offs!! Team NEO launches $1 million program to draw international business to Northeast Ohio By Tom Breckenridge, The Plain Dealer May 19, 2010, 6:22PM CLEVELAND, Ohio -- The regional effort to draw new business is about to broaden its scope -- to the other side of the Atlantic Ocean. Team NEO, the region's business-attraction group, is launching a two-year, $1 million program to draw foreign businesses. Europe will be the initial target of the effort, to be funded by the Cleveland Foundation. Team NEO announced the hiring of a Dutch-born economic development professional to lead "Cleveland Plus Business Europe." And it enlisted the help of a consulting firm based in Germany. They will focus on biomedical and advanced energy, emerging industries in Northeast Ohio. The goal over two years is to land three or four deals with companies that commit to a minimum $1 million investment here and would generate at least 20 jobs over three years, officials said. http://www.cleveland.com/business/index.ssf/2010/05/team_neo_launches_1_million_program_to_draw_international_business_to_northeast_ohio.html
May 20, 201015 yr Cleveland council members wonder about conflict of interest in Sunpu-Opto deal By Mark Gillispie, The Plain Dealer May 20, 2010, 4:00AM CLEVELAND, Ohio -- A New Jersey businessman who portrayed himself to Cleveland City Council as a friendly matchmaker in a deal between the city and a Chinese lighting company has emerged as a part owner of the firm's North American operations. Several council members have said ties between Peter Tien and Sunpu-Opto Semiconductor Ltd. are a conflict of interest that should kill any deal with the company. Top aides to Mayor Frank Jackson dismissed the conflict-of-interest charge, saying Tien had no ties to either party when he introduced Sunpu-Opto representatives to city officials at a meeting in Shanghai last year. http://blog.cleveland.com/metro/2010/05/cleveland_council_members_wond.html
May 20, 201015 yr More and more stories on the Chinese lighting company setting up its foreign HQ in Cleveland: http://blogs.forbes.com/china/2010/05/19/chinese-firm-angles-for-cleveland-headquarters/ Maybe we should transfer over all the previous posts and create a new thread...
May 20, 201015 yr Mark my words. Jackson is being played for a fool. GE is very advanced in lighting research. If they can't make it work now, I doubt anyone can. There are problems with current state of the art LED lighting. Most LEDs used for lighting are being overdriven to produce more lumens, this shortens life span and waists a lot of heat. Florecents can actually be more cost effective although they introduce other problems.
May 20, 201015 yr Mark my words. Jackson is being played for a fool. GE is very advanced in lighting research. If they can't make it work now, I doubt anyone can. There are problems with current state of the art LED lighting. Most LEDs used for lighting are being overdriven to produce more lumens, this shortens life span and waists a lot of heat. Florecents can actually be more cost effective although they introduce other problems. Is that a professional assessment? "waists"? How do you know this isn't a lure to make GE bring their entire lightening HQ here? GE is a enormous company which in the past, had a much larger presence here and downsized. It's time for them to reinvest in Cleveland. We're not at the table, but speculation runs rampant. Seperate question. The thread title is "Sun Opto relocating headquarters to Cleveland?" but every article i've read says they would establish a US HQ here. Which is it?
May 20, 201015 yr I'll say this much - if they're hoping to avoid any notion of backroom dealing shadiness, they're not doing a good job. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
May 20, 201015 yr Mark my words. Jackson is being played for a fool. GE is very advanced in lighting research. If they can't make it work now, I doubt anyone can. There are problems with current state of the art LED lighting. Most LEDs used for lighting are being overdriven to produce more lumens, this shortens life span and waists a lot of heat. Florecents can actually be more cost effective although they introduce other problems. Is that a professional assessment? "waists"? Hey, I used spell check. What more do you want? How do you know this isn't a lure to make GE bring their entire lightening HQ here? GE is a enormous company which in the past, had a much larger presence here and downsized. It's time for them to reinvest in Cleveland. Good point, I thought about that and dismissed it. If you are write (Ha Ha!) I owe the Mayor an appology. We're not at the table, but speculation runs rampant. Seperate question. The thread title is "Sun Opto relocating headquarters to Cleveland?" but every article i've read says they would establish a US HQ here. Which is it?
May 21, 201015 yr Seperate question. The thread title is "Sun Opto relocating headquarters to Cleveland?" but every article i've read says they would establish a US HQ here. Which is it? Sorry, I split the thread but was in a hurry so the title I chose was sloppy. I have renamed it, and the new name should work however the story ends up turning.
May 21, 201015 yr Mark my words. Jackson is being played for a fool. There's no need to mark your words. You say the same thing in every post.
May 21, 201015 yr LED lights in a snowy climate need to be used wisely. I have seen them used in traffic signals and get covered in snow because there isn't enough heat to melt it. Just sayin
May 22, 201015 yr Mark my words. Jackson is being played for a fool. There's no need to mark your words. You say the same thing in every post. Consistent-that's me!
May 25, 201015 yr Well, well... As Tedolph said earlier (and I really felt after reading this), "He is (was) out of his league". Mayor Frank Jackson kills Sunpu-Opto deal, says city will start over again to find LED light supplier By Mark Gillispie, The Plain Dealer May 24, 2010, 10:19PM CLEVELAND, Ohio -- Cleveland Mayor Frank Jackson on Monday killed a controversial, no-bid contract with a Chinese LED manufacturer because he thinks he "tainted" the process when he announced the deal in March while his staff was still seeking responses from other companies. http://blog.cleveland.com/metro/2010/05/mayor_frank_jackson_kills_sunp.html
May 25, 201015 yr I think the deal was a bad one, but I liked the outside the box thinking. This wound up being a bad idea, but don't stop trying to be innovative.
May 25, 201015 yr I'm interested to see if the deal still goes to Sunpu-Opto after the competitive bid process plays out. I'd love to see a company with incredible growth potential set up shop in Cleveland (be it Sunpu-Opto or otherwise), but a fair bid process needs to take place before we hand out a 10 year sole source contract.
May 25, 201015 yr ^Absolutely, which is why I was actually in support of the deal before I found out that there were other companies willing to do the same. If the bid still goes to Sunpu-Opto, at least the reasoning will be transparent.
May 25, 201015 yr From a pure economic development prospective, I'd rather draw in a company from outside the region. Adding a foreign firm to GE and the Akron firms helps us create an industry cluster. Clusters are the key to economic development. Tedolph, did Mayor Jackson steal your lunch money in 3rd grade?
May 26, 201015 yr Cleveland Mayor Frank Jackson confounds City Council members by withdrawing a deal with a Chinese lighting company By Mark Gillispie, The Plain Dealer May 26, 2010, 10:00AM CLEVELAND, Ohio -- Cleveland City Council members were thrown for a loop Monday night when Clerk Pat Britt announced that Ordinance 496-10, Mayor Frank Jackson's controversial deal with a Chinese LED manufacturer, had been tabled and sent to the legislative dustbin. Council didn't see this one coming. Jackson had the 10 votes he needed from council to approve a deal giving Sunpu-Opto Semiconductor Ltd. an exclusive contract to sell the city LED lights in exchange for building its North American headquarters here and creating 350 jobs. In an interview Monday night, the mayor said he realized that he had tainted the process by announcing the Sunpu-Opto deal during his State of the City speech in March while administration officials still were awaiting responses to a questionnaire sent to other LED companies. http://blog.cleveland.com/metro/2010/05/cleveland_mayor_frank_jackson_13.html
May 26, 201015 yr The NPR show Marketplace did a piece on the Cleveland LED contract today. The reporting was by WCPN and I heard it broadcast on KPCC in Los Angeles this afternoon. http://marketplace.publicradio.org/display/web/2010/05/26/cleveland-mayors-lighting-plan-fizzles/
June 8, 201015 yr More updates...going to the bidding process...probably which should have happened in the first place: Mayor Frank Jackson offers new plan to bring LED lighting firm to Cleveland By Mark Gillispie, The Plain Dealer June 07, 2010, 7:03PM CLEVELAND, Ohio -- Mayor Frank Jackson introduced legislation Monday that would commit the city to buying LED lights for 10 years from a company willing to bring a North American headquarters and at least 350 jobs to the city. Only this time, his administration would seek an LED supplier using the City Charter's competitive bidding process instead of handpicking the company. http://blog.cleveland.com/metro/2010/06/cleveland_mayor_frank_jackson_14.html
June 8, 201015 yr From a pure economic development prospective, I'd rather draw in a company from outside the region. Adding a foreign firm to GE and the Akron firms helps us create an industry cluster. Clusters are the key to economic development. Tedolph, did Mayor Jackson steal your lunch money in 3rd grade? Mayor Prosperity is the right man at the wrong time. I think he would have been great in the 60's or the 70's watching out for the little guy, rooting out corruption, balancing the budget, etc. He just doesn't have the skill sets we need now. We need someone who really understands business. If we don't get Cleveland's economy turned around in the very near future, I fear we will be on an irreversible path to Detroit. The neighborhoods are starting to become uninhabitable. This is a result of lack of low skilled, minimum wage manufacturing jobs. Mayor Prosperity just doesn't get it. We need 10's of thousands of these jobs. High tech is good and necessary, but it isn't going to do that. We need a mayor Daley, or even a Mike White. this LED fiasco is just an example of his lack of basic business skills.
June 8, 201015 yr Your right tedolph, a mid size city mayor is capable of busting labor unions, and reversing a 60 year trend of manufacturing migrating to right to work states, and then overseas. As an aside note, I hear that the mayor is also responsible for the gulf coast oil spill. and it seems to me that leveraging your purchasing power to get a company to open a manufacturing facility in the city is about as forward thinking as it gets on the subject.
June 8, 201015 yr the problem is we are not living in the 1950s and clevelanders are too damn nostalgic. Breaking the historical paterns has not been easy. Saying we need someone like X mayor isn't gonig to help because what those mayors did in the past with those cities and economic times is completely different than today. Every city is struggling. We're no longer a manufacturing powerhouse as our economy has diversified into white collar and hi level research. Our problem is we dont have enough skilled/educated workers for the number or jobs available. It has nothing to do with the Mayors lack of business skills
June 8, 201015 yr A lack of low skilled, minimum wage manufacturing jobs is not unique to Cleveland or Ohio.
June 8, 201015 yr Just make the city state and more business-friendly, even if it's painful for some in the short term. We're never going to get out of this with the high taxes and overregulation we've currently got in place. And if our future is not in heavy industry, then maybe it's time to get rid of the tired old union mentality that is holding us back.
June 8, 201015 yr Just make the city state and more business-friendly, even if it's painful for some in the short term. We're never going to get out of this with the high taxes and overregulation we've currently got in place. And if our future is not in heavy industry, then maybe it's time to get rid of the tired old union mentality that is holding us back. That is would a great start!
June 9, 201015 yr the problem is we are not living in the 1950s and clevelanders are too damn nostalgic. Breaking the historical paterns has not been easy. Saying we need someone like X mayor isn't gonig to help because what those mayors did in the past with those cities and economic times is completely different than today. Every city is struggling. We're no longer a manufacturing powerhouse as our economy has diversified into white collar and hi level research. Our problem is we dont have enough skilled/educated workers for the number or jobs available. It has nothing to do with the Mayors lack of business skills What are you going to do with the tens of tousands of high school drop out, functionally illiterate, criminal justice system records 18-40 year old men stuck in poor neighborhoods who don't have jobs and will never become biomedical engineers or technicians. This is a cop out. 20 years ago Chicago was dying under what's her name. Philadelphia was dying under Goody or whatever his name was and NY was dying under the guy before Guliani. Each one of those cities turned itsef around with new dynamic leadership. Detroit did not. Look at it today (altough I like thier new mayor). Cleveland did fturn itself around for a while under Mike White, stumbled with Jane Campbel and is dying under Frank Jackson.
June 9, 201015 yr This thread is not a referendum on Jackson, no matter how much you want it and apparently every other thread on UO to be, Tedolph. Back on topic.
June 30, 201014 yr Very interesting -- in the wake of the Cleveland City LED situation. I'm not sure if these are the same types of LED lights, but still interesting with the timing of this move: GE Lighting to license Rambus’ patented lighting innovations for LED lighting solutions June 29, 2010 | Julien Happich | To accelerate LED product development, GE Lighting, a unit of the General Electric Company’s Appliances & Lighting business, and Rambus Inc have signed a broad licensing agreement for the use of Rambus’ patented lighting innovations, including its product reference designs and manufacturing process know-how. The initial focus will be to create a flat-panel LED lighting system for architectural and commercial lighting for global markets. http://eetimes.eu/en/ge-lighting-to-license-rambus-patented-lighting-innovations-for-led-lighting-solutions.html?cmp_id=7&news_id=222902592&vID=209 GE Lighting and Rambus enter into license agreement for LED lighting solutions Posted on: Tue, 29 Jun 2010 04:38:29 EDT Jun 29, 2010 (M2 EQUITYBITES via COMTEX) -- Provider of lighting solutions GE Lighting and Rambus Inc (Nasdaq: RMBS | PowerRating), a technology licensing company, have signed a broad licensing agreement for the use of Rambus' patented lighting innovations. The agreement announced on Monday, financial details of which were not available, includes Rambus product reference designs and manufacturing process know-how. The initial focus under this agreement will be to create a flat-panel LED lighting system for architectural and commercial lighting for global markets. http://www.tradingmarkets.com/news/stock-alert/rmbs_ge-lighting-and-rambus-enter-into-license-agreement-for-led-lighting-solutions-1010819.html
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