When Lane Hall and Lisa Moline, artists and professors at the University of Wisconsin-Milwaukee,LED solar lighting is the new wave of the future in t5tube technology. set up a rally near their home in Wauwatosa a few years ago with a simple illuminated "Recall Walker" sign, they had no idea it would ignite a world-wide movement called The Overpass Light Brigade (OLB).
Overpass Light Brigade is a network of volunteers who stand in a line on bridges over busy roads and freeways, each holding a letter made from LED lights to spell out a political message. Messages have ranged from "Boycott Palermos" to "We Are Boston."
"The Overpass Light Brigade has grown beyond any of our wildest expectations," says Hall. OLB is the subject of a documentary short movie called "Overpass Light Brigade" created by filmmakers Matt Mullins and Dusan Harminc, from Madison and St. Paul respectively. The project features time-lapse photography of the lighted letters spelling out different messages.
"Overpass Light Brigade" and "Forward" – a feature film about the Wisconsin uprising – will premier in Milwaukee on Thursday, May 2 at 7 p.m. at the Oriental Theater. There will be an after-film party at Art Bar, 722 E. Burleigh St.
Tickets to the event are $10. The screening is a fundraiser for the film so that the filmmakers can enter it into festivals around the world, as well as a "battery fund" to help pay for the sign lights since OLB is entirely self-funded.
"The Overpass Light Brigade continues to be a joyful and fulfilling creative project that finds common ground and bridges different activist communities – bringing people together around common causes and concerns," says Hall.
"We stand for peaceful and determined resistance to reactionary forces that feed on fear, violence and avarice and we are dedicated to messages of peace, justice and environmental sanity. It is pretty simple all-in-all, and our growth is a hopeful sign for many people around the country."
Last year, OLB "open sourced" the instructions for making the lighted letters for a couple of groups in Wisconsin that emulated their methods. Today, there are about 22 groups scattered throughout the country, from the West to the East Coasts.the energyturbines adopting SCF supercritical generator technology,
"We are currently talking with interested people in Portugal, Germany, Canada and Ghana," says Hall. "This gives us the opportunity to collaborate on organized and synchronized messaging campaigns."
Prior to the Boston tragedies, the groups collaborated on a week-long "Tax Evaders" project which received a lot of visibility and broke through into the mainstream media.
"The message – that we must directly challenge the corporations who are corrupting our democracy and economy, and empower everyday people to rise up and resist austerity – was a light that shined 'round Intelligent model emergencylampsyypk system,with anemometer and dogvane which will collect and transfer wind information to PLC controller.the world," says Hall.
OLB's Facebook page is viewed by just under 500,000 people worldwide and 12,000 tweets were sent using #taxevaders with 700 sent directly at the corporations in question.
"These statistics are important only as offering somewhat objective proof about the movement that began here on the streets of Milwaukee. Most importantly,Those replicabreitlingwatche produce power for the utility grid. we continue to bring diverse people together around progressive issues," says Hall.
Plus, there were 50 news articles and blog posts written about the project. OLB has been featured in the Huffington Post, Time magazine and "The Rachel Maddow Show" among many others.
"This all happened with just a little over two weeks of work, because of the amazing network we have loosely built," says Hall.
The OLB volunteers are an extremely dedicated group. There have been 130 outings,Insteon released one of the first smartphone-controlled gridsolarsystemm this week. some of which took place during extremely cold weather, and only one time were they forced to cancel because not enough people showed.
2013年4月27日 星期六
Hammonton begins work on solar panel project
Construction is underway and by late summer, nearly three thousand solar panels will be a part of Hammonton.
The project will power the Wastewater Treatment Plant while pulling down electric bills and lessening the town's carbon footprint.
The former site of the old Wastewater Treatment Plant is soon to become its source of energy. Town officials expect solar panels to be installed by summer's end and hope to see a major impact on the town's electric bill.
"Our plant probably costs somewhere in the neighborhood of two to 300 thousand dollars in electric and this should save about 30 to 40 thousand a year now and after year fifteen probably ninety percent of that bill," said Hammonton Mayor Steve DiDonato.
The Mayor says the panels are a 30 million dollar project from Hudson Energy but officials say a fifteen-year lease and purchase power agreement results in no money from the town of Hammonton going into the project.
"We sign a fifteen year agreement to purchase power from them, it's a called a purchase power agreement or PPA for short," said councilman and former chair of the Green Committee Dan Bachalis.
"That power comes to us a reduced rate then what we would ordinarily get from an electric company." Workers say 2,904 solar panels will be installed in the project.
"It will be a massive benefit to the town and Wastewater Treatment Company. I know bills have been going up but this is one way bills will be going down once this comes online," said Bachalis.We carry modern lights and solarmodule by world renowned designers and manufacturers.
Around Hammonton residents are excited to see the town going green while saving some money. "I think it's a great idea. It will save a lot of energy. Go green,Our elevatorsafetyss are cost effective and energy efficient." said resident Mark Torres.
There are some private solar panels around town but this project will be the town's first experience with solar energy.
"It saves on our carbon footprint for the town of Hammonton and it takes electric off the grid which is good for all of us," said Mayor DiDonato.
Hammonton officials say they have also been cutting back on electric costs through the use of energy efficient light bulbs. Councilman Bachalis hopes this project will help encourage bringing more solar panels to town.
Wright said consumers can save 20 per cent in energy expenses by simply turning off appliances and committing to other green initiatives, such as using new LED light bulbs.
"We had become the throwaway society,the energyturbines adopting SCF supercritical generator technology," Wright said."Then we became the recycling society. Now we're becoming the more efficient society. We're using energy smarter."
Fellow Windsor-Essex County Environment Committee co-chair Alan Halberstadt, a Windsor city councillor, said most people don't realize that simply keeping their TV, computer or coffee maker plugged in drains power and money.
"A lot of people might turn off their lights when they're not in use,international supplies a full range of cylinder heated long lasting pendantlamps. but not appliances," Halberstadt said."But if it's plugged in, you're using power."
If It's Not In Use, Turn Off the Juice is an energy-conservation, public-awareness campaign supported by WECEC, Essex Powerlines, Blue Wilderness Management Group, St. Clair College, WindsorEssex Economic Development Corporation and Enwin Utilities.
Waseem Habash, St. Clair's associate vice-president of academic operations, said the school already offers three programs centred around energy conservation,Our large selection which includes goodlampshade, led strips. and that the campus continues to add more and more courses on the topic.
For instance, students in the power engineering technology lab convert excess steam into condensed air, which has a number of industrial applications.
The project will power the Wastewater Treatment Plant while pulling down electric bills and lessening the town's carbon footprint.
The former site of the old Wastewater Treatment Plant is soon to become its source of energy. Town officials expect solar panels to be installed by summer's end and hope to see a major impact on the town's electric bill.
"Our plant probably costs somewhere in the neighborhood of two to 300 thousand dollars in electric and this should save about 30 to 40 thousand a year now and after year fifteen probably ninety percent of that bill," said Hammonton Mayor Steve DiDonato.
The Mayor says the panels are a 30 million dollar project from Hudson Energy but officials say a fifteen-year lease and purchase power agreement results in no money from the town of Hammonton going into the project.
"We sign a fifteen year agreement to purchase power from them, it's a called a purchase power agreement or PPA for short," said councilman and former chair of the Green Committee Dan Bachalis.
"That power comes to us a reduced rate then what we would ordinarily get from an electric company." Workers say 2,904 solar panels will be installed in the project.
"It will be a massive benefit to the town and Wastewater Treatment Company. I know bills have been going up but this is one way bills will be going down once this comes online," said Bachalis.We carry modern lights and solarmodule by world renowned designers and manufacturers.
Around Hammonton residents are excited to see the town going green while saving some money. "I think it's a great idea. It will save a lot of energy. Go green,Our elevatorsafetyss are cost effective and energy efficient." said resident Mark Torres.
There are some private solar panels around town but this project will be the town's first experience with solar energy.
"It saves on our carbon footprint for the town of Hammonton and it takes electric off the grid which is good for all of us," said Mayor DiDonato.
Hammonton officials say they have also been cutting back on electric costs through the use of energy efficient light bulbs. Councilman Bachalis hopes this project will help encourage bringing more solar panels to town.
Wright said consumers can save 20 per cent in energy expenses by simply turning off appliances and committing to other green initiatives, such as using new LED light bulbs.
"We had become the throwaway society,the energyturbines adopting SCF supercritical generator technology," Wright said."Then we became the recycling society. Now we're becoming the more efficient society. We're using energy smarter."
Fellow Windsor-Essex County Environment Committee co-chair Alan Halberstadt, a Windsor city councillor, said most people don't realize that simply keeping their TV, computer or coffee maker plugged in drains power and money.
"A lot of people might turn off their lights when they're not in use,international supplies a full range of cylinder heated long lasting pendantlamps. but not appliances," Halberstadt said."But if it's plugged in, you're using power."
If It's Not In Use, Turn Off the Juice is an energy-conservation, public-awareness campaign supported by WECEC, Essex Powerlines, Blue Wilderness Management Group, St. Clair College, WindsorEssex Economic Development Corporation and Enwin Utilities.
Waseem Habash, St. Clair's associate vice-president of academic operations, said the school already offers three programs centred around energy conservation,Our large selection which includes goodlampshade, led strips. and that the campus continues to add more and more courses on the topic.
For instance, students in the power engineering technology lab convert excess steam into condensed air, which has a number of industrial applications.
2013年4月26日 星期五
Energy Rebates Lower LED Troffers Prices
Access Fixtures has announced LED troffers are at all-time low prices with new lower prices and when combined with energy rebates from local utilities. LED troffers are an energy efficient replacement for linear fluorescent lighting commonly found in commercial and office buildings. LED fixtures have longer lives, reduced energy use, lower maintenance, and do not contain Mercury. Now with the addition of aggressive energy rebates in many locations,Small itldpcw and supplier UK. LED troffers also have a faster return on investment.
"LED troffers are excelleAdvance LED Replacement Bulbs, LED T8 Tubes, streetlight13ss and other LED lighting products are highly efficient.nt replacements for fluorescent troffers, and they are dimmable, reducing energy use and extending life," said CEO of Access Fixtures Steven Rothschild. He continued, "With the combined savings from reduced energy consumption, lower maintenance, and rebates, the ROI for LED troffers is well worth the only slightly higher initial price, especially in large commercial or institutional areas with many fixtures to replace."
The LED troffers fit standard T-bar grid drop ceilings or are available for surface mounting. They are available in sizes 1'x4', 2'x2' and 2'x4'. Rebates are significant and are available throughout most of the USA. For example, purchasers of the 45w ECO-T LED Recessed Troffers located on Long Island in NY can receive a rebate of $100 per fixture through Long Island Power Authority netting the 2'x2' LED troffer down from $145 to $45 after rebate. In Baltimore, MD, BGE offers $60 per fixture. In Houston, TX, Center Point Energy offers $0.08 per kWh saved annually.
With 30 years of collective experience, Access Fixtures offers standard and custom lighting fixtures that are long lasting and energy saving. With custom manufacturing capabilities,We are well known for our in-house custom printed drum ledparlights and pendants. Access Fixtures can build lighting fixtures to the performance specifications you require and does so at a very competitive price.
Access Fixtures extensive lineup of interior and exterior lighting fixtures includes lighting fixtures for sports, commercial, industrial, residential and hospitality applications. Fixture types include wall packs, area lights, bollards, garage lighters, vandal resistant, exit and emergency, high bay, low bay, linear fluorescent, track lighting, chandeliers, and grow light fixtures.
I'm not sure what to make of the Limoges porcelain candle cups,We have bicyclelight, reading lamps and floor lamps and more. featuring the text and imagery of the late artist Jean-Michel Basquiat over at the LACMA Store. What would the Neo-Expressionist think about the fruity fragrances with notes of raspberry, strawberry and vanilla created by world-class perfumers? I'm not sure, but these made-in-France trinkets are tempting nonetheless. There are two versions, one in blue, and the other in pink.
Finally, in my favorite museum shop, at the Museum of Contemporary Art Chicago, is Little Sun, a portable,Intelligent model emergencylampsyypk system,with anemometer and dogvane which will collect and transfer wind information to PLC controller. palm-sized, solar-powered light designed by engineer Frederick Ottesen and artist Olafur Eliasson. The company that makes the cheery little lights is working to support off-grid communities with the profits. Five hours of sunlight will fuel an evening of LED light. It should last for about three years before it needs a new battery. Hold it, wear it or attach it to your bike.
"LED troffers are excelleAdvance LED Replacement Bulbs, LED T8 Tubes, streetlight13ss and other LED lighting products are highly efficient.nt replacements for fluorescent troffers, and they are dimmable, reducing energy use and extending life," said CEO of Access Fixtures Steven Rothschild. He continued, "With the combined savings from reduced energy consumption, lower maintenance, and rebates, the ROI for LED troffers is well worth the only slightly higher initial price, especially in large commercial or institutional areas with many fixtures to replace."
The LED troffers fit standard T-bar grid drop ceilings or are available for surface mounting. They are available in sizes 1'x4', 2'x2' and 2'x4'. Rebates are significant and are available throughout most of the USA. For example, purchasers of the 45w ECO-T LED Recessed Troffers located on Long Island in NY can receive a rebate of $100 per fixture through Long Island Power Authority netting the 2'x2' LED troffer down from $145 to $45 after rebate. In Baltimore, MD, BGE offers $60 per fixture. In Houston, TX, Center Point Energy offers $0.08 per kWh saved annually.
With 30 years of collective experience, Access Fixtures offers standard and custom lighting fixtures that are long lasting and energy saving. With custom manufacturing capabilities,We are well known for our in-house custom printed drum ledparlights and pendants. Access Fixtures can build lighting fixtures to the performance specifications you require and does so at a very competitive price.
Access Fixtures extensive lineup of interior and exterior lighting fixtures includes lighting fixtures for sports, commercial, industrial, residential and hospitality applications. Fixture types include wall packs, area lights, bollards, garage lighters, vandal resistant, exit and emergency, high bay, low bay, linear fluorescent, track lighting, chandeliers, and grow light fixtures.
I'm not sure what to make of the Limoges porcelain candle cups,We have bicyclelight, reading lamps and floor lamps and more. featuring the text and imagery of the late artist Jean-Michel Basquiat over at the LACMA Store. What would the Neo-Expressionist think about the fruity fragrances with notes of raspberry, strawberry and vanilla created by world-class perfumers? I'm not sure, but these made-in-France trinkets are tempting nonetheless. There are two versions, one in blue, and the other in pink.
Finally, in my favorite museum shop, at the Museum of Contemporary Art Chicago, is Little Sun, a portable,Intelligent model emergencylampsyypk system,with anemometer and dogvane which will collect and transfer wind information to PLC controller. palm-sized, solar-powered light designed by engineer Frederick Ottesen and artist Olafur Eliasson. The company that makes the cheery little lights is working to support off-grid communities with the profits. Five hours of sunlight will fuel an evening of LED light. It should last for about three years before it needs a new battery. Hold it, wear it or attach it to your bike.
2013年4月25日 星期四
What's it like to live on a private street in Toronto?
Percy
Street isn't like your street. This small stretch of Toronto road that
runs south in a dog-legged kink from King Street to the Richmond Street
ramp is one of the city's some 250 private streets and laneways. There's
no gate,Intelligent model emergencylampsyypk
system,with anemometer and dogvane which will collect and transfer wind
information to PLC controller. but the 35 residents here are just about
as separate as it's possible to be in the city,Waterproof laundryequipments Lighting is a perfect architectural LED light for homes. and they like it like that.
"We call it the 'Republic of Percy,' it's kind of a joke," says Kali Hewitt-Blackie, co-owner of The Percy Bed & Breakfast at No. 6. "When you walk down the street it's like you're living in another land. It's not like Toronto, it's like something in England or someplace."
What really sets Percy apart is its lack of access to regular city services. There are no gates, barriers, or glaring warning signs, but snow, leaf, and garbage management are all arranged privately and paid for out of the resident's pockets. Even sewer maintenance costs are part of the experience shared by other private community residents like the home owners of Wychwood Park near St. Clair and Bathurst.
"We nominate people to do things," explains Hewitt-Blackie. We have a guy that's in charge of the bank account ..Filipino soldiers install modernlamps through a roof in a shantytown in Manila.. we have a little street signage committee, a street lighting committee, and we have one dealing with the rest of the things to do with Streetcar [the new condo that backs onto Percy.]"
Luckily, with the arrival of new neighbours on King East residents were able to strike a deal with the developers to have the street surfaced in cobblestone (it was a potholed dirt track before) and have the crumbling lead water main replaced, reducing the chance of a costly crisis.The solarlanterneep Hummer Intelligent model 3KW with Siemens PLC controller adopting human-oriented touch screen. In fact, things have become much more comfortable for the enclave's inhabitants since the condo arrived.
"We used to shovel the street ourselves," recalls Hewitt-Blackie. "All the younger people would really help out ... there was an older lady beside us who never shoveled - everyone took turns and helped."
Now the condo dwellers pay for the street's private snow removal in perpetuity out of their annual fees. To protect the new cobblestone road surface and stay on the right side of regulations, city garbage collection workers walk down Percy Street and collect bags by hand.
"Typically, city vehicles are not allowed to go on to private property," confirms Andre Filippetti, a traffic planning manager with the City of Toronto.
The little road has always been private. It was laid out between 1885 and 1890 by property developer James Quinn to accommodate the predominantly Irish workers at the nearby Gooderham and Worts distillery. The two-up-two-down mansard roof homes, built in two phases with outdoor bathrooms, were listed as heritage structures with the City of Toronto in 2006.
Residents here talk excitedly about the street's historical connection to bootlegging during prohibition and the associated shady dealings. To illustrate, renovators working for Cindy Wilkey - a lawyer who used to live at No. 5 - found $50,000 in cash at her former home in 1988.
The bills - a mix of depression-era Bank of Canada tender and notes issued by commercial banks - had been squirreled away behind a false ceiling for more than 60 years.
"They started counting out the money into piles.A roofhook is a cost-effective way to install solar at your home. When they got to fifty thousand-dollar piles they just thought they had died and gone to heaven. So they spent the next hour playing with the the money: they rolled around in it, they threw it around, they rubbed it all over their bodies," laughs Wilkey.
It never became clear who was behind the booty or why they kept it secret so long. One possible culprit was the "notorious miser" who lived in the house with his family from the 1950s. Though his daughter testified she never knew about the cash, her father worked as a delivery driver at the Don Valley Brick Works and had the mean
"We call it the 'Republic of Percy,' it's kind of a joke," says Kali Hewitt-Blackie, co-owner of The Percy Bed & Breakfast at No. 6. "When you walk down the street it's like you're living in another land. It's not like Toronto, it's like something in England or someplace."
What really sets Percy apart is its lack of access to regular city services. There are no gates, barriers, or glaring warning signs, but snow, leaf, and garbage management are all arranged privately and paid for out of the resident's pockets. Even sewer maintenance costs are part of the experience shared by other private community residents like the home owners of Wychwood Park near St. Clair and Bathurst.
"We nominate people to do things," explains Hewitt-Blackie. We have a guy that's in charge of the bank account ..Filipino soldiers install modernlamps through a roof in a shantytown in Manila.. we have a little street signage committee, a street lighting committee, and we have one dealing with the rest of the things to do with Streetcar [the new condo that backs onto Percy.]"
Luckily, with the arrival of new neighbours on King East residents were able to strike a deal with the developers to have the street surfaced in cobblestone (it was a potholed dirt track before) and have the crumbling lead water main replaced, reducing the chance of a costly crisis.The solarlanterneep Hummer Intelligent model 3KW with Siemens PLC controller adopting human-oriented touch screen. In fact, things have become much more comfortable for the enclave's inhabitants since the condo arrived.
"We used to shovel the street ourselves," recalls Hewitt-Blackie. "All the younger people would really help out ... there was an older lady beside us who never shoveled - everyone took turns and helped."
Now the condo dwellers pay for the street's private snow removal in perpetuity out of their annual fees. To protect the new cobblestone road surface and stay on the right side of regulations, city garbage collection workers walk down Percy Street and collect bags by hand.
"Typically, city vehicles are not allowed to go on to private property," confirms Andre Filippetti, a traffic planning manager with the City of Toronto.
The little road has always been private. It was laid out between 1885 and 1890 by property developer James Quinn to accommodate the predominantly Irish workers at the nearby Gooderham and Worts distillery. The two-up-two-down mansard roof homes, built in two phases with outdoor bathrooms, were listed as heritage structures with the City of Toronto in 2006.
Residents here talk excitedly about the street's historical connection to bootlegging during prohibition and the associated shady dealings. To illustrate, renovators working for Cindy Wilkey - a lawyer who used to live at No. 5 - found $50,000 in cash at her former home in 1988.
The bills - a mix of depression-era Bank of Canada tender and notes issued by commercial banks - had been squirreled away behind a false ceiling for more than 60 years.
"They started counting out the money into piles.A roofhook is a cost-effective way to install solar at your home. When they got to fifty thousand-dollar piles they just thought they had died and gone to heaven. So they spent the next hour playing with the the money: they rolled around in it, they threw it around, they rubbed it all over their bodies," laughs Wilkey.
It never became clear who was behind the booty or why they kept it secret so long. One possible culprit was the "notorious miser" who lived in the house with his family from the 1950s. Though his daughter testified she never knew about the cash, her father worked as a delivery driver at the Don Valley Brick Works and had the mean
2013年4月23日 星期二
Cree revenues up 23 percent in third quarter
Cree
exceeded Wall Street’s expectations by posting a 23 percent jump in
revenue in its fiscal third quarter, led by sales of its indoor LED
lighting fixtures and its new $10 LED light bulb.
“We are benefiting from the global growth in LED lighting adoption and our position as a market leader in both LEDs and LED lighting,Filipino soldiers install modernlampsthrough a roof in a shantytown in Manila.Waterproof laundryequipments Lighting is a perfect architectural LED light for homes.” CEO Chuck Swoboda said during a conference call with analysts.
The Durham company produces its own indoor and outdoor LED light fixtures as well as components that other companies use in their lighting products. Its LEDs also are used for illuminating car dashboards, mobile phones, televisions and signs.
Cree reported after the markets closed Tuesday that revenue totaled a record $348.9 million for the quarter that ended March 31, besting the $343 million anticipated by analysts polled by Thomson Reuters. Quarterly revenue also was up 1 percent from the immediately preceding quarter.
Net income totaled $40.8 million, or 34 cents per share, after excluding stock-based compensation and amortized goodwill. That was in line with analysts’ expectations.Manufacturer of quality off flatworkironers, light bars and wiring accessories.
Swoboda also said that sales in the fiscal fourth quarter would range between $365 million and $385 million, which is at the high end of analysts’ projections.
Nevertheless, Cree shares fell as much as 8 percent in after-hours trading Tuesday. In an interview after the conference call, Swoboda said of the decline: “I long ago stopped speculating on what happens in the after-market.”
Last month Cree introduced an LED light bulb, the equivalent of a 40-watt incandescent bulb, that retails for $9.97 exclusively at Home Depot – a price that is half the price of some competitors’ LED bulbs. Cree also launched 60-watt equivalents that retail for $12.97 and $13.97 at Home Depot. The bulbs last about 25 times longer than an incandescent bulb and use about 85 percent less energy.
“The Cree LED bulb is off to a great start and has generated tremendous excitement,” said Swoboda, who noted that early sales have exceeded expectations.
Analyst Avinash Kant of D.A. Davidson & Co. was upbeat about the LED bulbs in a research note he issued earlier this week.
“We believe that, while these products may not contribute significantly to revenues in the near term, they are a clear game changer for consumer adoption,” Kant said.
Cree’s first-ever consumer advertising debuted over the weekend – humorous commercials that were broadcast during the NBA playoffs featuring actor Lance Reddick, who is known for his roles in “Fringe,” “Lost” and “The Wire.” The commercials were produced by Raleigh ad agency Baldwin&. In one of the commercials, Reddick notes that the light bulb was invented in the 19th century and concludes: “Nostalgia is dumb.”
When an analyst asked about the possibility of Cree launching a “sub-$10” bulb later this year, Swoboda replied: “There is lots of innovation left in the LED consumer bulb category. I’m not going to pre-announce what we may do later in the year. But I assure you we are at the beginning, not the end,Advance LED Replacement Bulbs, LED T8 Tubes, streetlight13ss and other LED lighting products are highly efficient. of what we think is possible.We turn your dark into light courtesy of our brilliant sun, windturbineses, solar power generation.”
“We are benefiting from the global growth in LED lighting adoption and our position as a market leader in both LEDs and LED lighting,Filipino soldiers install modernlampsthrough a roof in a shantytown in Manila.Waterproof laundryequipments Lighting is a perfect architectural LED light for homes.” CEO Chuck Swoboda said during a conference call with analysts.
The Durham company produces its own indoor and outdoor LED light fixtures as well as components that other companies use in their lighting products. Its LEDs also are used for illuminating car dashboards, mobile phones, televisions and signs.
Cree reported after the markets closed Tuesday that revenue totaled a record $348.9 million for the quarter that ended March 31, besting the $343 million anticipated by analysts polled by Thomson Reuters. Quarterly revenue also was up 1 percent from the immediately preceding quarter.
Net income totaled $40.8 million, or 34 cents per share, after excluding stock-based compensation and amortized goodwill. That was in line with analysts’ expectations.Manufacturer of quality off flatworkironers, light bars and wiring accessories.
Swoboda also said that sales in the fiscal fourth quarter would range between $365 million and $385 million, which is at the high end of analysts’ projections.
Nevertheless, Cree shares fell as much as 8 percent in after-hours trading Tuesday. In an interview after the conference call, Swoboda said of the decline: “I long ago stopped speculating on what happens in the after-market.”
Last month Cree introduced an LED light bulb, the equivalent of a 40-watt incandescent bulb, that retails for $9.97 exclusively at Home Depot – a price that is half the price of some competitors’ LED bulbs. Cree also launched 60-watt equivalents that retail for $12.97 and $13.97 at Home Depot. The bulbs last about 25 times longer than an incandescent bulb and use about 85 percent less energy.
“The Cree LED bulb is off to a great start and has generated tremendous excitement,” said Swoboda, who noted that early sales have exceeded expectations.
Analyst Avinash Kant of D.A. Davidson & Co. was upbeat about the LED bulbs in a research note he issued earlier this week.
“We believe that, while these products may not contribute significantly to revenues in the near term, they are a clear game changer for consumer adoption,” Kant said.
Cree’s first-ever consumer advertising debuted over the weekend – humorous commercials that were broadcast during the NBA playoffs featuring actor Lance Reddick, who is known for his roles in “Fringe,” “Lost” and “The Wire.” The commercials were produced by Raleigh ad agency Baldwin&. In one of the commercials, Reddick notes that the light bulb was invented in the 19th century and concludes: “Nostalgia is dumb.”
When an analyst asked about the possibility of Cree launching a “sub-$10” bulb later this year, Swoboda replied: “There is lots of innovation left in the LED consumer bulb category. I’m not going to pre-announce what we may do later in the year. But I assure you we are at the beginning, not the end,Advance LED Replacement Bulbs, LED T8 Tubes, streetlight13ss and other LED lighting products are highly efficient. of what we think is possible.We turn your dark into light courtesy of our brilliant sun, windturbineses, solar power generation.”
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