LED company on 50 smartest companies list

June 10th, 2014, Published in Articles: Vector

 

mit-lightingLED lighting company Cree has been named one of 2014’s 50 Smartest Companies in MIT Technology Review’s annual list of the world’s most innovative technology companies. The publicaion’s editors name the companies on this list based on how they demonstrated original, “disruptive” innovations most likely to change everyday life, and on how these technologies were brought to market on a significant scale, among other criteria. The company was named for its Cree LED Bulb said to which works as well as or even better than traditional incandescent bulbs at a price giving users reason to switch to LED. The company’s XSPR LED street light is said to have delivered all the benefits of LED lighting at up-front cost parity to “traditional” street lights. It also introduced SmartCast Technology, a self-programming wireless lighting-control system designed for use by the public, reportedly at half the cost of traditional lighting controls.

Contact Massachusetts Institute of Technology, www.mit.edu

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