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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cree Delivers Groundbreaking Outdoor Area Luminaire

Stocks in this article: CREE

Cree, Inc. (Nasdaq: CREE) introduces the OSQ Area LED luminaire, the first LED area luminaire specifically designed and priced to replace the nearly 54 million * outdated high intensity discharge (HID) area parking lights installed in the United States. Delivering an unprecedented combination of industry-leading performance and low-profile design at nearly half the price of comparable LED luminaires, the Cree ® OSQ Area LED luminaire provides up to 70 percent energy savings with a quick payback of two years. **

“The OSQ Area LED luminaire is an example of Cree’s commitment to continuous innovation and 100 percent LED adoption by delivering another luminaire that sets a new industry benchmark for performance, price and versatility, without sacrificing aesthetics,” said Norbert Hiller, Cree executive vice president, lighting. “Providing an unmatched level of performance that cuts Cree’s already affordable LED area luminaire pricing by as much as 50 percent confirms that we are continuing to find ways to improve the value of LED lighting for our customers.”

With Cree’s superior innovations in thermal design, the OSQ Area LED luminaire features a remarkably thin, 3.8-inch housing, providing an attractive design during the day while delivering the industry’s best optical performance with efficiency of up to 100 lumens-per-watt in the evening. Available in 3000K, 4000K and 5700K color temperatures with a 100,000-hour rated lifetime, the OSQ Area LED luminaire will soon be eligible for utility rebates to drive even greater affordability. Backed by Cree’s industry-leading 10-year warranty, the versatile OSQ Area LED luminaire is ideal for area and floodlight applications such as campuses, office and retail complexes, medical centers and municipalities.

The Cree OSQ Area LED luminaire is available through distribution throughout the United States and Canada. Please visit www.cree.com/lighting/OSQSeries for more information.

* U.S. Department of Energy, 2013

** Payback compared to 400W Metal Halide area luminaire and based on usage of 12 hours per-day and the national average of $0.11 per kWh electric costs.

About Cree

Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting and semiconductor products for power and radio-frequency (RF) applications.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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