LED maker Cree, Inc. (Nasdaq:CREE)–a long-time green investment favorite–unveiled its 60-watt replacement bulb, exactly 131 years to the day after Thomas Edison received a patent for the incandescent bulb.
It’s not the first 60-watt replacement bulb to hit the market, but previous bulbs have received mixed reviews for the quality and amount of light they emit, and the general consensus is there is still room for improvement and the emergence of a market leader.
Cree, of course, says they have the bulb to do it. Called TrueWhite, the company’s bulb is said to emit 800 lumens of dimmable light, while using only 10 watts.
“This is a significant milestone for the industry,” said Chuck Swoboda, Cree chairman and chief executive officer. “In the race to commercialize low-cost, energy-efficient LED bulbs, the industry has forgotten that LED lighting is supposed to look as good as the technology it is replacing. This is the first no compromise replacement for a 60 watt incandescent bulb.”
Cree did not announce pricing for the bulb, or how and when it will move to market.
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