Skip to main content

the company continues to be educating people in adoption of LEDs

As we know, the company has made a great leap in the past several years, growing its cash reserves to $1.1 billion and revenues to $867 million for the past year.

When one shareholder asked what the led high bay light company intends to do with the $1.1 billion in cash, Swoboda said it won't be doing a stock buy-back any time soon. "I think our focus has to be how to make investments to drive our growth faster," he said.

According to Cree's most recent earnings report, for first quarter of fiscal year 2010-11, the company again posted record revenues of $268.4 million for the quarter, up 59 percent from the same period a year ago. Net income also increased 176 percent from the previous year to $58 million.

Swoboda also pointed out that a primary challenge for the company continues to be educating people in adoption of LEDs.

At the end of the day..., [light bulbs] represent 10 percent of the lighting industry," he said. "It only led linear high bay light exists because it breaks all the time. This is really a step toward changing the industry."

Plus, Cree recently announced plans to invest $135 million in a new production line and create 244 more jobs in Durham by 2013. That's in addition to the more than 600 workers the company has hired since the start of 2009.
Labels:

Comments

Post a Comment

Popular posts from this blog

LED recessed downlighting options for general lighting in commercial

Cooper Lighting, a division of Cooper Industries plc (NYSE: CBE), has expanded its Halo LED H7 Collection offering additional choices in LED color temperatures and higher lumen options. The 6” LED downlight product line expansion–from the original Halo LED 600 Series–now includes the Halo LED 900 Series and Halo LED 1200 Series, offering a wide and versatile selection of energy-efficient LED recessed downlighting options for general lighting in commercial, retail, institutional and residential applications. Designed for new construction projects or to retrofit existing 6” nominal compatible housings (with an Edison screw base adapter included with the module), the Halo LED H7 Collection features excellent color rendering (80 CRI) and offers the industry’s widest selection of color temperatures (2700K, 3000K, 3500K and 4000K). The superior optical design yields productive beam lumens providing smooth, even illumination, excellent cutoff and extremely low glare. Consuming less than 15W, ...
Post a Comment
Read more

Semiconductor lighting industry in Shenzhen develops rapidly in recent years

Orion’s LED fixture, designed to perform at temperatures as low as -20 degrees Fahrenheit, has been retrofitted in more than 3 million square feet of freezer and cold-storage space in facilities across the nation in the past several months. Companies with Orion LED technology in their facilities include US Foods, Sysco, Americold, and Save-A-Lot. The three approved Orion LED fixture models vary based on application-specific lens configuration. Orion’s LED fixtures are designed to replace traditional high intensity discharge and T8 and T5 fluorescent fixtures. Orion’s LED fixtures use 123 watts compared to 400-watt HIDs and 298-watt fluorescents. According to its Web site, the DLC is a collaboration of utility companies and regional energy efficiency organizations committed to raising awareness of the benefits of efficient lighting in commercial buildings. In order to be included on the DLC’s QPL, a product must meet or exceed specific industry standards. QPL inclusion is required for c...
Post a Comment
Read more

This closes a gap with the very large goniometers

In addition, Shih said that the requirement will be more flexible than the existing ceiling of 10% stake owned by Chinese investors in existing enterprises and stricter than the 50% ceiling in new joint ventures.The third-wave mainland Chinese investments have been approved by Taiwan Executive Yuan (the Cabinet) and are scheduled to take effect by the end of March. The LGS 250 was developed specifically for the analysis of angle-dependent spatial radiation properties from small to medium-sized SSL luminaires, lamps and LED modules. This closes a gap with the very large goniometers. The horizontal alignment of the Type C coordinate system facilitates a particularly convenient and compact test setup for the system. Measurements can be taken in a range of +/- 160° in the forward direction of the test specimen which may have a maximum diameter of up to 480 mm and a maximum weight of 8 kg. Combined with a spectroradiometer from Instrument Systems, all spectral quantities such as color coord...
Post a Comment
Read more