Cree Inc (CREE) recently announced that its new XLamp XP-E High Efficiency White LEDs which enable LED fixture and bulb manufacturers to use half the amount of LEDs are now commercially available.  The new LEDs which use Cree’s Direct Attach technology  will help drive down costs while delivering the same performance.

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“One of the major barriers to LED lighting adoption and design remains upfront cost,” said Paul Thieken, Cree director of marketing, LED components. “By enabling designers to use brighter, precisely-optimized LEDs for each particular application, Cree is helping lower costs and further simplifying and shortening the LED fixture design cycle.”

Shares of CREE are currently in a digestion phase after a big run in November and look considerably bullish as they trade above the 50 and 200 day moving averages.