Cree, Inc, announced that the University of California, Davis, has joined Cree’s LED University program. The college has installed a Bi-Level "Smart" Parking Light System From Cree at its South Entry Parking Structure. By installing the 50 BetaLED light fixtures, the University will achieve an average of 50 percent in energy savings.
Chris Cioni, associate director of UC Davis facilities management, utilities division, commented on the new lights:
"With LED lighting, we are improving visibility … Read the rest
Yesterday, Cree Inc (CREE) announced that it has come to a resolution in its LED patent dispute with California startup Bridglux. As part of the agreement, CREE has granted Bridgelux a license for the patents in exchange for fees and royalties and will now be a major supplier for Bridgelux
“This agreement creates a collaborative environment between Bridgelux and Cree, while affirming the commitment of both companies to the protection of intellectual property,” stated Mark … Read the rest
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
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:
Net Income: dropped to $5.0 million, or 7 cents per share. A year ago, the company made 15 cents per share. However, if you factor out amortization expenses and expenses incurred by the company for stock-based compensation, the company would have earned
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
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
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