Win $10 million prize for building a best power saving bulb

The US Energy Department has declared a contest in which the company that makes the best power saving bulb will get a prize of $10 million. The contest winner will also receive consideration for federal purchasing agreements and will have a head start at cracking a vast consumer marketplace. The Energy Department will also award $5 million to the creator of an LED reflector lamp.

The L Prize has attracted significant attention in the lighting industry. Currently, 60 watt incandescent lamps represent 50 percent of all the lighting in the United States, with 425 million sold each year. The Energy Department says that if all those lamps were LED equivalents, enough power would be saved to light 17.4 million American households and cut carbon emissions by 5.6 million metric tons annually.

So far, Philips is the only company which has submitted its entry. The company has developed a led based bulb which uses one-sixth energy of a 60 watt incandescent bulb. "Philips is confident that the product submitted meets or exceeds all of the criteria for the L Prize," Rudy Provoost, Chief of Philips Lighting, said in a statement to New York Times. Philips has delivered 2,000 prototypes of its bulb to the Energy Department for testing.

Apart from few changes, the incandescent bulb continues to be similar to the Thomas Edison creation. But now the incandescent bulbs will be outlawed by new energy standards that go into effect in 2012. LED bulbs are now available but they have limited output and high prices.

The energy department has made certain criteria for the competition. All bulbs must be able to provide as much light as 60 watt incandescent bulb in 10 watt. The bulb must also last for more than 25,000 hours - about 25 times longer than a standard light bulb. Also, at least 75 percent of the bulb must be made or assembled in the United States. Philip's prototypes currently meet up in all criteria.

Speaking about the contest, James R. Brodrick, Manager of the Solid State Lighting Program of the Energy Department says that these will be the most publicly tested bulb ever. "We've probably eliminated almost 25 products that were horrible," said James R. Brodrick, manager of the Solid State Lighting Program of the Energy Department. "We test LED bulbs today that claim on the package that they're equivalent to 40 watts, but are really like 20-watt bulbs."

Kevin Dowling, Vice President for innovation at Philips Solid State Lighting Solutions, is confident that the LED light bulb can become an affordable option. "Over the long term, we can absolutely get the cost down to the $20 to $25 range," he said.

Agencies

Avail smart ticketing from Indian Railways

The Indian Railways has selected a chip technology by NXP Semiconductors, a semiconductor founded by Philips to power its contactless smart cards for automatic fare collection system. The secure microcontroller-based technology called MIFARE DESFire will be implemented across various Indian cities in the ATVMs (Automatic Ticket Vending Machines).

The user-friendly ATVMs will be rolled out across five Indian cities - New Delhi, Secunderabad, Kolkata, Bhubaneswar and Pune. Together with card and inlay-manufacturer Siepmann's Card Systems, NXP will provide MIFARE DESFire-based ICs for approximately 6.5 lakh contactless cards over a period of one year. This project is expected to be launched in September 2009 and will initially be rolled out in Delhi and Secunderabad.

The Centre for Railway Information Systems (CRIS), the IT wing of the Ministry of Railways had developed the ATVMs as part of an Unreserved Ticketing System (UTS). In 2007, CRIS developed the smart card based contactless solutions using NXP's MIFARE 1KB Classic chip in Mumbai Suburban Railway and Chennai. Over five lakh smart cards were issued to passengers in the Central/Western Railway at Mumbai and Southern Railway at Chennai.

Commenting on the implementation of smart card technology in India, Ashok Chandak, Senior Director, Global Sales and Marketing for India, NXP said, "We see a significant growth in the use of contactless Smart Card technology in transport systems in India." According to NXP, 75 percent of all electronic tickets in public transport worldwide use the NXP MIFARE technology.

Agencies

'Bloody Monday' sees over 50,000 job cuts

Tens of thousands of job losses were announced in the US on Monday. American economists say they expect the recession to worsen this year.

US heavy vehicles maker Caterpillar said it would cut over 20,000 jobs to deal with the challenging global business environment.

The company had earlier announced axing 15,000 workers in 2008. The people who will lose their jobs amount to about 18 per cent of the company's total workforce. Caterpillar currently employs about 1,13,000 workers.

Last week, Microsoft said it would cut 5,000 jobs over the next 18 months.

Research-based biomedical and pharmaceutical company Pfizer/Wyeth has announced a layoff of 20,000 workers while Texas Instruments will axe 3,400 employees.

In Europe too, more than 10,000 job cuts have been announced.

Financial firm ING has announced that 7,000 employees will be sacked.

Other companies that have recently announced job cuts include electronic giant Philips which will axe 6,000 workers and UK's steel manufacturer Corus which will layoff 3,500 among others.

Hoping to deal with the financial crisis soon, US President Barack Obama is lobbying for a quick Congressional passage of his $825 billion stimulus package.