July 15, 2022
5 Things to Know: Week Ending July 16
Signify files a new patent lawsuit. Plus, two news nuggets may point to some inflation and supply chain relief.
Here's a roundup of some of the week's happenings curated to help lighting people stay informed.
1. Signify Sues Philips Hue Competitor, Govee
In U.S. federal court, Signify North America has filed a patent infringement lawsuit against Shenzhen Intellirocks Tech, the company behind the Govee brand of smart home products. The suit asserts five Signify patents relating to LED circuit and control technology. When asked for comment, Signify shared, in part, "Signify believes that its patents are infringed and valid. Signify respects other companies’ or individuals’ intellectual property in the same way as it expects others to respect Signify’s intellectual property."
(And take a closer look at the 3M Command Strips that are apparently part of the Govee product assembly.)
ABOVE: Images of Govee products and marketing materials taken from Signify court filing
2. The National Association of Manufacturers (NAM) announces plan to sue the Securities and Exchange Commission (SEC)
Organization objects to SEC announcement that "is rescinding critical reforms designed to protect publicly traded manufacturers and their investors from unregulated and unaccountable proxy advisory firms."
3. The End of the Semiconductor Shortage is Near
Deloitte shares insights that could spell some relief for supply chain and inflation.
4. Why June's upbeat jobs report isn't necessarily positive for construction
Construction Dive shares insights into the ongoing labor challenges in the construction field.
5. Freight Rates Are Starting to Fall as Shipping Demand Wavers
This won't likely lead to a flurry of "Price Decrease" announcements, but perhaps it'll slow down the quarterly drumbeat of price increases. (The Wall Street Journal Paywall)
