Cree says its new LEDS will cut costs 40 percent

Cree is launching new LEDs that it boasts will reduce the cost of LED lighting fixtures by up to 40 percent. “It is world-leading technology at every level,” said Mike Watson, vice president of product strategy. The Durham-based company also says its new SC5 Technology Platform, a combination of technologies that spawned its latest LEDs, will be incorporated into its own next-generation LED bulbs, which are expected to be available soon. Cree currently makes the top-selling LED bulbs, which are sold exclusively by Home Depot, and says its upcoming LED bulbs will be cheaper and provide better light.

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