Cree (CREE) a leading player in the LED lighting market is announcing the volume availability of the LR24 LED which provides energy efficient lighting for suspended ceiling applications.. and will compete with the traditional tube fluorescent lighting often seen in commercial spaces. The LR24 features superior color rendering and is dimmable up to 5%, providing design flexibility and energy efficiency.
“With the addition of the LR24, we can light an entire office using Cree LED … Read the rest
Cree, Inc announced that is has achieved industry-best research and development results with a white power LED capable of delivering 161 lumens per watt. The tiny LED used in the test measured only 1 square millimeter, but was able to deliver 173 lumens of light, with an efficacy of 161 lumens per watt under normal LED conditions. Although this LED is not for sale commercially, Cree does currently have LEDs on the market with an … Read the rest
Energy Focus, Inc released promising 3rd quarter results yesterday. Compared to last year, revenues have risen 11%, going from $5.7 million in the 3rd quarter of last year to $6.4 million for the 3rd quarter of 2008. The company reported a net loss this quarter of $1.6 million, or .11 per share, which compares favorably with the 3rd quarter of last year, when they reported a net loss of $3.2 million or .28 per … Read the rest
Energy Focus (EFOI), a leader in energy efficient lighting announced today that it has finalized a multi phase contract with Architectural Floors of Cleveland and includes design, manufacturing, engineering, installation and support services to light their 65,000 sq ft storage and distribution facility. No word on how large the deal is.
“Energy Focus offers a complete energy solution package, a solution that provides substantial energy cost savings, easier maintenance and improved illumination,” said Joe Kaveski, … Read the rest
Rubicon Technology also reported its third-quarter results yesterday. The company reported revenue for the third quarter of $11.8 million, up 29 percent from the third quarter of last year. This was also a 2% increase over the second quarter of 2008. Earnings per share decreased moving into the third quarter from the second quarter of 2008, from $.10 per diluted share to $.07 per diluted share. This quarter’s results include $1.3 million of contracted … Read the rest
Cree posted its 1st quarter earnings yesterday, and while its profits dropped by more than half, it still beat Wall Street’s expectations. From MSN Money Central, here’s a quick breakdown of the stats:
Cree just announced a deal with Zumbotel to sell Cree’s LED recessed lighting products in Europe. Zumbotel will sell the products under two brand names: Zumbotel and Thorn. In the first year, they intend to sell 50,000 units of the 230V version of Cree’s LR6 luminaire. These lights deliver the same amount of light as a 75-watt bulb, but use only 12 watts of power and can last up to 20 years. In 2009, the … Read the rest
Rubicon Technology (RBCN), the materials provider of monocrystalline sapphire for use in LED’s announced late last week that Peregrine Semiconductor will not take additional shipments of sapphire until further notice due to weakening demand as a result of the global economic slowdown. The contract called for a $2 million deliver late this year and another $5 million in the first half of 09, so for a company that does less than $40 in sales in … Read the rest
Applied Materials wants to light up your life. Currently, the company is known for its expertise in solar energy and semiconductor technology. However, they are moving toward expanding their business to include solid state lighting, such as LED lights for the home, Annette Finsterbusch, a partner with Applied Ventures, explained at a renewable energy conference held at Rice University on Thursday. Although the move is still in the preliminary stages, the company has taken … Read the rest
This morning Merriman initiated CREE with a neutral rating indicating expansion remains a challenge. The firm believes the unusual tie between the COTCO earnout and a related party supply agreement raises questions about the quality of revenue. The firm says LED Lighting Fixtures was founded by Cree’s former CEO and Chairman and bought for approx 50x sales, and the earnout is partially based on product development milestones. Both acquisitions compete with existing customers, and organic … Read the rest