NEWS IN BRIEF
Profits double at Dialight

LED specialist Dialight doubled its profits in 2010 and saw sales rise by 28 per cent.

The group posted a profit before tax of £11.3 million, up from £5.3 million in 2009. Revenue jumped 28 per cent to £99.2m. LED signalling – such as traffic lights – is a major market for the company, but in recent years it has become stronger in the mainstream lighting market.

RELATED
Report predicts $1.4bn in OLED sales

According to a report by market research firm NanoMarkets, the OLED lighting materials market will produce revenues of about $1.4 billion in 2015.

RELATED
Reading pioneers recycling scheme

Reading is to become the first place in the country to implement a new community recycling initiative that will see volunteers help to collect low-energy light bulbs for recycling.