British and Liverpool repulsion for LED street lights, Cree

The Liverpool municipal government of Liverpool, UK, has decided to replace the existing orange sodium light street lamps with the brighter LED energy saving lamps in the next 2 years, foreign media reported. Liverpool mayor Joe Anderson says LED lights can improve lighting, make the streets safer, and reduce the annual carbon dioxide emissions by 1400 tons; once the LED lamp is fully converted, the cost of maintenance will be reduced by 2 million 700 thousand pounds in 5 years.

Liverpool will start the first phase of the replacement operation in June and the 12000 local street lamps will be loaded with new LED lights. Liverpool has a total of 57000 street lamps, with a total energy cost of 2 million 600 thousand pounds a year.

LED upstream grain manufacturing plant, the Philadelphia semiconductor index component CREE, Inc. 13, rose 5.01%, $49.66, a new high since April 24th. Cree has fallen 20.57% so far this year, far less than the 17.28% increase in the Philadelphia index.

Cree said last month that it would soon spend $17 million 660 thousand on the construction of a new production plant near the headquarters of the company this summer. The Cree spokesman pointed out that once the construction was started, it was expected to be completed within a year. Cree announced on May 8th that the company bought 2 million 100 thousand shares of its own common stock with an average of $47.11, with a total of $99 million 600 thousand. In the period from June 20, 2013 to June 28, 2015, Cree plans to buy back the common stock of its own company within the amount of $300 million, according to the board's latest plan.

According to detroitnews.com, US energy minister Ernest Moniz commended the Detroit public lighting Bureau (PLA) for the LED street light procurement and education training program at the press conference in May 22nd. Detroit mayor Mike Duggan also congratulated Cree, Inc., American light forest Electronics (Leotek Electronics USA Corp.), and the Detroit Walker-Miller Energy Service Companies.

PLA in January this year resolution in the next 2 years, over 50 thousand street lamps in Detroit will be fully converted to energy saving LED lamps. In addition to the cost of saving 1 million 500 thousand dollars for Detroit, the company also promised to provide educational training for local students, PLA said, every year, in addition to $1 million 500 thousand.

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