A mobile surveillance light tower is a portable tower equipped with high-powered lights and surveillance cameras used for monitoring and securing outdoor areas. It is commonly used in construction sites, events, parking lots, and other locations that require temporary or mobile security measures.
The tower is typically mounted on a trailer or a vehicle, allowing it to be easily transported and set up in different locations as needed. The lights on the tower provide bright illumination, ensuring visibility and deterring potential intruders or criminals.
The surveillance cameras on the tower are usually equipped with advanced features such as night vision, motion detection, and remote access capabilities. These cameras capture high-quality video footage and can be monitored in real-time or recorded for later review. Some towers may also include additional security features like alarms, speakers, or two-way communication systems.
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On November 29, Royal Philips announced that it had sold 12% of its stake in Philips Lighting, generating approximately €547 million in cash. The company offloaded around 17.1 million shares through an accelerated bookbuilding offering at a price of €32 per share. This transaction marks another step in Philips’ broader strategy to divest its entire holding in the lighting division over the next few years.
Philips has been actively restructuring its business portfolio, aiming to focus more on healthcare and medical devices. According to Reuters, the company plans to eventually sell its controlling interest in Philips Lighting, which was spun off in May 2016. This move is part of a long-term strategy to streamline operations and enhance performance in more profitable sectors.
In recent years, the global lighting industry has experienced significant shifts, driven by rising competition from Chinese manufacturers and rapid technological advancements. Major players like Philips, Osram, and GE have all been re-evaluating their positions in the market. As the world’s largest lighting equipment manufacturer, Philips’ decisions often send ripples through the entire industry, influencing suppliers, competitors, and customers alike.
In May 2016, Philips made a major announcement: it would take its lighting division public. On May 27, 2016, Philips Lighting successfully listed on the Euronext Amsterdam exchange, with Philips retaining a 25% stake at the time. This made Philips Lighting the world's largest independent lighting company, allowing it to operate more flexibly and respond more quickly to market changes.
Wang Wei, President of Philips Lighting Greater China, highlighted that the IPO was aimed at better aligning the lighting business with evolving industry trends. He emphasized that the listing enabled the company to be more agile in meeting customer demands and adapting to new technologies.
In February and April of this year, Philips further reduced its ownership in Philips Lighting. After this latest sale of 12%, its stake dropped from 41% to 29%. This gradual reduction signals a clear shift in focus away from the lighting segment.
Additionally, due to Philips' reduced ownership, Frans van Houten will step down from the regulatory committee at the end of the year. However, Kees van Lede will continue serving on the Supervisory Board until the 2018 Annual General Meeting. These changes reflect the ongoing transition in corporate governance as ownership structures evolve.
As the lighting sector continues to transform, Philips’ strategic moves highlight its commitment to innovation and long-term growth in high-potential markets.
August 25, 2025