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Cree just announced that their high brightness LEDs are being used in the American Airlines Center’s high definition video screens. The screens, which are made by Lighthouse Technology, are used to deliver images (like instant replays and scores) at sporting events, concerts and other entertainment events held at the center.
In a press release, Paul Thieken, Cree director of marketing, LED components, commented on the news:
“Cree’s … Read the rest
Another very impressive quarter for Cree Inc (CREE) and traders are responding after hours by sending the stock up nearly 10% back to the big resistance area around 60. It will be interesting to see if it can take out that level and find a new level of support. I’m skeptical and if I were holding this stock into earnings, I’d be taking some profits off the table into the gap up tomorrow.
The company … Read the rest
Cree just announced that they have been awarded $39 million in tax credits as part of the Recovery Act Advanced Energy Manufacturing program. The tax credits will allow Cree to expand their business and hire more employees. Cree applied for the tax credits in October 2009.
In a press release, Michelle Murray, a spokesperson for the company, commented on the credits:
“This investment is part of Cree’s already-announced capital plans, and includes additional investments … Read the rest
Cree just announced that its LED fixtures have been chosen to illuminate the National Air and Space Museum’s new “Moving Beyond Earth” exhibit. The museum selected Cree’s LR24 recessed LEDs for the exhibit, which contains exhibits on human spaceflight and space shuttles. Cree’s LEDs will replace high intensity discharge work lights.
In a press release, Gary Trott, Cree VP of market development, commented on the news:
“The Air and Space Museum installation shows the … Read the rest
This post is brought to you by Michael Cintolo of Cabot Green Investor and republished with permission. Cabot Green Investor is one of the top green stock publications available.
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Today’s investment idea is all about lighting. No, it’s not those curly compact fluorescents that are filled with MERCURY and require you to evacuate the room if you break one. The main reason we’ve got those today is that the energy savings sounded … Read the rest
Cree, Inc just released a new multichip MC-E LED, the XLamp MC-E. This product combines red, white, green and blue LED chips in a single LED light. With their color-changing capabilities and small size, these lights are ideal for architectural and entertainment uses. As a bonus, their footprint is 80% smaller than that of the existing XLamp color LEDs.
CREE is also demonstrating a new cool white LED lamp at this week’s LIHGTFAIR International … Read the rest
Despite the faltering economy, Cree Inc’s CEO Chuck Swoboda told Reuters that he expects demand for LED lighting to grow in the next year. Although he described the company’s third quarter as a "quiet period," he remained optimistic about the future, saying
"When you look at energy efficiency there aren’t many things that can have as big an opportunity in the near term as switching to more efficient lighting," Swoboda said.
He also advised that … Read the rest
Cree. Inc has entered a patent licensing agreement with Mistsubishi Chemical Corporation for its freestanding GaN substrate technology. Under the terms of the agreement, Mitsubishi Chemical Corporation will be able to manufacture and sell GaN substrates as well entering in to some sublicensing agreements in exchange for paying royalties and other payments to Cree.
Steve Kelley, Cree’s CEO, commented on the deal:
… Read the rest"Cree is pleased to enter into this license agreement with MCC, a well-known