These products will provide an ideal replacement for incandescent

In indoor applications, where warm light is particularly important, these products will provide an ideal replacement for incandescent and halogen lamps. In outdoor applications, such as road lighting, the high light output, high colour rendering and warmer appearance provides a particularly suitable replacement to SON-T street lights.

“The research and development cooperation between CREE and ALT will allow us to provide suitable products for a wide variety of customers and continue to facilitate the growth of the LED industry”, commented Aeon Lighting Technology CEO, James Laing.

We are cautious about short-term business conditions since there is still no clear sign that the economy is improving,” added Mr. Peeler. “However, the LED market is getting better – general lighting is growing, excess capacity is being absorbed, and customers are reporting more stable business conditions. An MOCVD order snap-back is inevitable as LEDs go from 5% of all lighting to over 30% over the next few years. Insatiable demand for storage will drive future hard drive industry capital expenditures and technology investments. We anticipate that Veeco’s orders will improve in the coming quarters.”

“In the meantime, we are focused on lowering our cost structure while protecting investments in R&D and new products,” concluded Mr. Peeler. “Our goal is to remain profitable while funding our future. We are market leaders with exceptional technology and customer roadmap alignment. We are well positioned for future growth as our end markets recover and the world adopts solid state lighting.”