Lighting manufacturer Cree (CREE +7.2%) says it has halved the cost of its LED streetlights and...

|By:, SA News Editor

Lighting manufacturer Cree (CREE +7.2%) says it has halved the cost of its LED streetlights and hopes the new lower prices will sway local governments to adopt the new technology. Cree's new outdoor streetlight will sell for under $200 when bought in volume, comparable in cost to traditional lighting using high-pressure sodium vacuum technology.