This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cree Propels University Of North Carolina Energy-Saving Initiatives

Stocks in this article: CREE

As part of its ongoing efforts to reduce energy usage by at least $25 million over seven years, the University of North Carolina (UNC) General Administration has selected high-performing LED lighting by Cree, Inc. (Nasdaq: CREE) to help system institutions operate more efficiently and cost-effectively.* An alliance of 13 UNC campuses and several affiliated organizations, spanning 27 million square feet, will leverage Cree ® LED luminaires, including the revolutionary CR24™ architectural LED troffers, to deliver fast payback, energy efficiency and superior light quality.

“This University-wide lighting project will help advance our energy reduction goals, lower maintenance expenses and improve ROI,” said Miriam Tripp, special projects officer at UNC General Administration. “Reducing energy consumption is the right thing to do for our environment, our students and the taxpayers who support us. Ultimately, the related cost savings enable UNC institutions to focus on our core mission of great teaching and research.”

Designed to last up to 100,000 hours, Cree CR24 troffers feature dimming-capabilities for easy lighting control integration. CR24 LED troffers are powered by Cree TrueWhite ® Technology, delivering beautiful white light with superior color accuracy and consistency.

“The UNC lighting installation will be a great showcase for how entire university systems can leverage LED lighting to reduce operating expenses and create well-illuminated spaces from classrooms to dormitories and beyond,” said Mike Bauer, vice president of lighting sales, Cree. “We’re pleased to work with UNC to help deliver the energy savings necessary to meet their sustainability goals.”

Campuses and other UNC institutions involved include:

Appalachian State UniversityEast Carolina UniversityFayetteville State UniversityNorth Carolina A&T State UniversityNorth Carolina Central UniversityNorth Carolina School of Science and MathematicsUNC AshevilleUNC CharlotteUNC GreensboroUNC PembrokeUNC School of the ArtsWestern Carolina UniversityWinston-Salem State UniversityUNC General AdministrationUNC Center for Public TelevisionNC ArboretumNC Department of Commerce Energy Office

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs