Dialight
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Dialight plc
| logo = Dialight logo.svg
| type = Public ({{lse|DIA}})
| foundation = {{date and age|1938}}
| location = London, United Kingdom
| key_people = {{ubl|David Blood
(Chairman)|Fariyal Khanbabi
(Chief executive officer)}}
| industry = Electronics
| products =
| revenue = {{decrease}}£151 million (2019)
| operating_income = {{decrease}}£(11.3) million (2019)
| net_income = {{decrease}}£(16.2) million (2019)
| num_employees =
| parent =
| subsid =
| divisions = {{ubl|Signals and Illumination|Solid State Light|Optoelectronics}}
| homepage = [http://www.dialight.com www.dialight.com]
| slogan =
| footnotes ={{cite web|url=http://www.ir.dialight.com/media/1416/dialight_ar19_final.pdf |title=Company's Annual Report 2019 |accessdate=10 July 2020}}{{cite web|url=https://beta.companieshouse.gov.uk/company/02486024 |title=Companies House Company Report |accessdate=10 July 2020}}
}}
Dialight plc is a British-based electronics business specialising in light-emitting diode lighting for hazardous locations. It is headquartered in London and operates in North America, the United Kingdom, mainland Europe, Australia, Asia and South America. It is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap, and FTSE techMARK Focus indices.
History
File:Dialight Low Wattage LED Module.jpg
The business was founded in 1938{{cite web |author=Walter |url=http://walbrockresearch.com/is-dialights-market-valuation-shining-too-bright/ |title=Is Dialight's market valuation shining too bright? |publisher=Walbrockresearch.com |date= |accessdate=2017-03-10 |archive-url=https://web.archive.org/web/20170311044840/http://walbrockresearch.com/is-dialights-market-valuation-shining-too-bright/ |archive-date=2017-03-11 |url-status=dead }} and became part of the Dutch company Philips in 1963.[http://sharecrazy.com/beta/Tips/2820/buy-dialight-dia-at-194p Share Crazy] In 1990, through a management buyout, it became part of Roxboro Group, which was first listed on the London Stock Exchange in 1993. In 2005, it was renamed Dialight.
In 2012, Dialight announced that they would expand their manufacturing capabilities in Malaysia.{{cite news|title=Dialight opens Malaysia manufacturing hub |url=https://www.businessweekly.co.uk/news/manufacturing/14234-dialight-opens-malaysia-manufacturing-hub|newspaper=Business Weekly|date=2 July 2012 |access-date=13 August 2023}}
In 2023, it was revealed that Dialight had been involved in prolonged legal proceedings with its former manufacturing partner, Sanmina Corporation, regarding the termination of their manufacturing services agreement.{{Cite web |title=Sanmina Litigation – Company Announcement - FT.com |url=https://markets.ft.com/data/announce/detail?dockey=1323-16230219-%207R6CHCIKM9RDSPVRGQ836ASBE5 |access-date=2024-07-12 |website=markets.ft.com}} Dialight filed the lawsuit seeking compensation for what it alleged were Sanmina’s fraudulent actions, gross negligence, and breaches of their contract.{{Cite web |title=Dialight Sues Former Manufacturing Partner Sanmina Corporation – lightED |url=https://lightedmag.com/dialight-sues-former-manufacturing-partner-sanmina-corporation/ |access-date=2024-07-12 |website=lightedmag.com}}
In 2024, Dialight's claims of fraudulent inducement against its former contractor were allowed to proceed to trial after a New York court denied Sanmina's attempts to dismiss these allegations.{{Cite web |date=2023-03-15 |title=Dialight brightens as court case against Sanmina goes to trial |url=https://www.proactiveinvestors.co.uk/companies/news/1009106/dialight |access-date=2024-07-12 |website=Proactiveinvestors UK |language=en}}{{Cite web |last=Announcement |first=Industry |date=2023-11-29 |title=Litigation Updates: Dialight's Ongoing Legal Battle with Sanmina Corporation |url=https://edisonreport.com/2023/11/29/dialights-litigation-sanmina-corporation/ |access-date=2024-07-12 |website=EdisonReport |language=en-US}}
Operations
The company has three divisions:
- Signals and Illumination (traffic and rail signals as well as obstruction lights)
- Solid state lights (low-energy lighting technology)
- Optoelectronics
References
{{reflist}}
External links
- [http://www.dialight.com Official site]
Category:British companies established in 1938
Category:Electronics companies of the United Kingdom
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