Latest Cree Innovation Uses Single LED Source to Deliver Precise Optical Control, Glare-Free Lighting and Lower Energy Cost Using up to 80 percent less energy and designed to last up to eight times longer than traditional 50-watt halogen MR16 lamps, the Cree® LM16 LED Lamp delivers a new standard in LED lighting. The new Cree (Nasdaq: CREE) lamp can deliver payback in less than 12 months and provide years of consistent color quality and lumen output.* The high-performance LM16 LED Lamp delivers the industry’s best center beam candlep...

Market conditions are right for the LED replacement lamp market to accelerate in the next few years, Strategies Unlimited forecasts in a latest report. And the lamp revenues are expected to grow at a CAGR of 107% through 2013, according to the report. Dramatic improvements in commercially available LED performance in recent years, as well as significant cost reduction, has made it possible to design LED lamps to offer comparable lumen output on the basis of cost of ownership.