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
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
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