On 31 October the PhotonStar LED Group (PSL) announced that it would place its LED fixtures business PhotonStar LED Ltd in liquidation. A month earlier, in announcing the half-year results to 30 June, PSL had been relatively optimistic about its up-market colour-tuneable and circadian LED fixtures which it has been selling since before it listed [...]
PhotonStar LED Group has evolved over the years from being a designer and manufacturer of smart LED lighting solutions to one of intelligent lighting and building control solutions. LED lights are still at the heart of PhotonStar’s business, but the market for lighting fixtures on their own is mature and challenging, with revenues and profits [...]
You might think that the PhotonStar LED Group was one of many suppliers offering increasingly cheaper LED lights. They do make LED lights, but they have always aimed up-market with what they call intelligent lighting and are transitioning to become “…a retrofit connected lighting and building management business”. The terminology can be confusing. One of [...]