British Liverpool has invested heavily in favor of Cree facelift LED lamp

Foreign media reported 13, Liverpool city government has decided to spend the next 2 years to spend $7 million to replace the existing orange yellow light street lights more bright LED. Liverpool mayor Joe Anderson said, LED lamp section can improve lighting brightness, make the streets safer, the annual carbon dioxide emissions can be reduced to 1400 tons; once the comprehensive facelift LED lamp, down 5 years maintenance costs will be reduced to 2 million 700 thousand pounds.

Liverpool will be launched in June, the first phase of the facelift, the local 12000 street lights will be loaded with new LED lights. Liverpool has a total of 57000 street lights, the annual energy cost of up to 2 million 600 thousand pounds.

LED upstream grain manufacturers, Philadelphia Semiconductor Index constituent stocks CREE, 13, Inc. rose by 5.01%, to close at $49.66, hit a new high since April 24th. So far this year, Cree decline of 20.57%, far worse than the Philadelphia index rose by 17.28%.

Cree said last month that it would spend $17 million 660 thousand to build a new plant near the company's headquarters this summer. Cree spokesman pointed out that once the construction is expected to be completed within a year. Cree announced in May 8th, before the company at an average price of $47.11 to buy 2 million 100 thousand shares of ordinary shares in their own company, a total of $99 million 600 thousand. According to the plan adopted by the board of directors, from June 20, 2013 to June 28, 2015 during this period Cree plans to buy back its own common stock in the $300 million limit.

According to detroitnews.com reports, the U.S. energy secretary Ernest May 22nd at a press conference on the Detroit public lighting Bureau (PLA) proposed LED street lamp procurement and education and training program, Moniz. Detroit mayor Mike Duggan of Cree, Inc., United States forest light (Leotek Electronics USA Corp.; electronic membership Lite group) and the Detroit Walker-Miller Energy Service Companies to work together with the PLA put forward innovative measures express congratulations.

PLA in January this year, the resolution in the next 2 years will be more than a total of more than 50 thousand street lamps Detroit energy saving LED lights. PLA pointed out that this year, in addition to the cost of $1 million 500 thousand to save the city of Detroit, the company received the order of the three street lamps also promised to provide education and training for local students.

More LED related information, please click on the China LED network or WeChat public account (cnledw2013).