Seoul Semiconductor Obtains Permanent Injunction Against LED Lighting Products Made by Philips Brand Lighting Affiliate in Germany

Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that it has successfully obtained a permanent injunction and destruction in a patent litigation against Leuchtstark Vertriebs GmbH for infringement of Seoul’s patents in Germany.

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The world’s first 2nd generation LED technologies of Seoul Semiconductor (Graphic: Business Wire)

Infringing products are LED light bulbs manufactured by Klite lighting, a subsidiary of Signify – formerly Philips Lighting. In other recent litigations, Seoul has obtained two permanent injunctions against Philips brand television products as well.

The District Court of Düsseldorf also ordered the distributor to recall infringing products sold after October 2017 from commercial customers and to destroy those products.

“To enjoy benefits of the 2nd generation technology, Seoul’s intellectual property is absolutely necessary,” said Chung Hoon Lee and Young Joo Lee, CEOs of Seoul. “Seoul has a patent license relationship with Nichia Corporation and NS only and has no other such a relationship with Korean or U.S. LED companies,” they added.

About Seoul Semiconductor
Seoul Semiconductor is the world’s second-largest global LED manufacturer, a ranking excluding the captive market, and has more than 14,000 patents. Based on a differentiated product portfolio, Seoul offers a wide range of technologies, and mass produces innovative LED products for indoor and outdoor lighting, automotive, IT products, such as mobile phone, computer displays, and other applications, as well as the UV area. The company’s world’s first development and mass production products are becoming LED industry standard and leading the global market with a package-free LED, WICOP; a high-voltage AC-driven LED, Acrich; an LED with 10X the output of a conventional LED, nPola; a cutting edge ultraviolet clean technology LED, Violeds; an all direction light emitting technology, filament

Ice Cream Market Will Showcase Positive Impact During 2020-2024 | The Increasing Launch of New Products to Boost the Market Growth

Technavio has been monitoring the ice cream market and it is poised to grow by $ 20.2 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Ice Cream Market 2020-2024 (Graphic: Business Wire)

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The market is fairly fragmented, and the degree of fragmentation will accelerate during the forecast period. Agropur Co-operative, Blue Bell Creameries LP, Dunkin’ Brands Group Inc., Froneri Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Mars Inc., Nestlé SA, New Forest Ice Cream Ltd., Unilever Group, and Wells Enterprises Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing launch of new products has been instrumental in driving the growth of the market.

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L.L. Bean products are now sold on Zappos in latest wholesale deal

  • L.L. Bean is partnering with Zappos. Starting Thursday Bean Boots will be available on Zappos, and fleece, flannel, and outerwear will roll out in the coming days.
  • This is the latest wholesale partnership for L.L. Bean. In July, it announced its first wholesale partnerships in its 108-year history with Staples, Nordstrom and Scheels.
  • L.L. Bean CEO Stephen Smith said the company has done well during the pandemic, including a “record-breaking” September, because its products have “mirrored the American psyche.”
  • Smith said they’re approaching these wholesale partnerships as tests, and want to introduce new customers to the brand by meeting them “where they are.”
  • Visit Business Insider’s homepage for more stories.

L.L. Bean products are now available on e-commerce destination Zappos. Starting Thursday, customers will be able to find the outfitter’s famous flagship product, Bean Boots, on Zappos’ site. More of L.L. Bean’s best-selling products, including fleece, flannels, and outerwear, will roll out on Zappos in the coming days.

“Their customer service and customer experience is amazing,” Stephen Smith, CEO of L.L. Bean, told Business Insider in an interview. The two companies began conversations about the partnership in Fall 2019. “Zappos wants to grow their assortment in the outdoor sports and outdoor market, where we have authority. And from a testing perspective, we get to learn about their e-commerce business.”

L.L. Bean has been a direct-to-consumer business for most of its 108-year history. But this past July, it began a foray into wholesale partnerships, announcing that for the first-time ever L.L. Bean products would be available through other retailers. The company launched its wholesale partnerships with Staples, Nordstrom, and midwest sporting-goods store Scheels — Zappos is the latest in this run. Smith said the company is approaching these partnerships as tests, as it dips its toes into wholesaling.

“We’re being very

3D Printer Market | Demand for 3D Customized Products to Boost the Market Growth

The global 3D printer market size is poised to grow by USD 14.49 billion during 2020-2024, progressing at a CAGR of over 39% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global 3D Printer Market 2020-2024 (Graphic: Business Wire)

The increasing demand for 3D customized products will be a significant factor driving the growth of the 3D printing market. The growing trend of customization has resulted in increasing consumer interest in 3D personalized products that are created according to the needs and requirements of the customer. The affordable price of desktop 3D printers is supporting this trend by allowing consumers with high disposable income to design and develop expensive 3D printed products, such as toys and home décor in-house. Several consumers are also availing the services of online vendors to procure customized products. Thus, the growing interest in 3D customized products will fuel the growth of the 3D printer market during the forecast period.

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  • The major 3D printer market growth came from Fused deposition modeling (FDM) technology segment. Fused deposition modeling (FDM) technology is user-friendly and uses filaments such as acrylonitrile butadiene styrene (ABS) and polylactic acid (PLA) plastics, which cost much lower than materials used in selective laser sintering (SLS) and stereolithography (SLA) technology. These factors are expected

House antitrust report: Amazon uses seller data to copy products

  • Amazon uses third-party seller data to copy the site’s most popular products, an antitrust report by the House Judiciary Committee alleged on Wednesday.
  • Former Amazon sellers told an antitrust subcommittee the company released new products almost identical to their own and “killed” their sales.
  • Amazon has denied accusations of this behavior in the past.
  • “We have a policy against using seller-specific data to aid our private-label business,” Amazon CEO Jeff Bezos said in July.
  • Visit Business Insider’s homepage for more stories.

The House Judiciary antitrust subcommittee said it has uncovered evidence that Amazon uses detailed data from third-party sellers to copy popular products and push some sellers out of business — something the tech giant has consistently denied. 

The subcommittee said it had heard “repeated” concerns from both former employees and third-party sellers that Amazon uses seller data to either copy products or source the product directly from the manufacturer. It then sells it direct to consumers, according to the subcommittee’s findings.

“We have heard so many heartbreaking stories of small businesses who sunk significant time and resources into building a business and selling on Amazon, only to have Amazon poach their best-selling items and drive them out of business,” the subcommittee’s chairman David Cicilline said.

The findings formed part of a wide-ranging antitrust report on Big Tech companies, including Amazon, Google, Apple, and Facebook.

One former Amazon employee who spoke to the committee compared access to third-party seller data to a “candy shop.”

“Everyone can have access to anything they want,” they said. Employees even use this data to set up their own successful third-party accounts, the Democratic leaders of the committee wrote in their report on Wednesday. 

Similar accusations have mounted over the past 15 months, but Amazon has adamantly denied using third-party seller data in this way.