DURHAM, N.C.--(BUSINESS WIRE)--
The Town of Hempstead, N.Y., the largest township in the country, is
making the switch to LED technology with the conversion of more than
50,000 high-pressure sodium fixtures to LED street lights from Cree,
Inc. (Nasdaq: CREE). The installation is already underway with future
phases planned to bring LED lighting to the town's municipal buildings,
parks and marinas. The street light project delivers an anticipated two
and a half-year payback with nearly $3 million in annual energy savings
and $57 million in total lifetime savings.
"The use of environmentally friendly technology is a win-win for the
town," says Anthony Santino, Town of Hempstead supervisor. "The new LED
luminaires generate significant energy savings that provide
unprecedented environmental and fiscal benefits to benefit our town and
residents."
Hempstead is located in Nassau County, just east of New York City, and
has a population of nearly 800,000, making it larger than some states
and U.S. cities. Looking to improve visibility while preserving the
historic look of the residential streetscape, the town selected the Cree®
DPT Series for Decorative Post-Top luminaires. The DPT™
Decorative Post-Top luminaire delivers a 3000K color temperature for
warm and inviting illumination, and delivers up to 74 percent savings
over the earlier, outdated technology. The Cree XSP Series was selected
for crisp, clean illumination on major roadways, and Cree OSQ™ flood
luminaires with NanoOptic® Precision Delivery Grid™ optics
were installed in parking lots, where precise optical control is needed
for improved safety and comfort.
Cree was selected for the project after a test installation on the
Sunrise Highway quickly demonstrated impressive annual energy savings of
$75,000, about 63 percent over the previous technology for that roadway
alone. Recognizing the overall savings potential, Hempstead officials
worked with Best LED Group and Cree to design, assemble and deploy a
full package that would provide a better quality light experience
throughout the town. Today, Hempstead has significantly reduced spending
for its street and parking lot lighting through reduced utility bills
and elimination of virtually all maintenance costs – all while providing
better light experiences over the lighting's lifetime.
"We had our eyes on LED technology for quite a few years because of the
impressive energy savings. However, we had yet to find the ideal package
that made economic sense," said Gary Aue, Town of Hempstead, N.Y. street
lighting supervisor. "After reviewing Cree's options, we saw there was a
lot of money to be saved while providing the town with new lighting for
a greater sense of comfort and safety that met all our needs, so we
proceeded as soon as possible."
The town is looking ahead to additional LED lighting installations in
the future, noting their local utility offers impressive indoor rebates
and labor costs supplements for LED fixtures.
"We're not stopping until the entire town in converted to LED Lighting,"
said Aue. "Zero maintenance, superior lighting – add in the standard
10-year warranty and it's a sure thing."
Please visit http://lighting.cree.com/town-of-hempstead
to read the full case study and view images of the installation.
About Cree
Cree is a market-leading innovator of
lighting-class LEDs, lighting products and semiconductor products for
power and radio frequency (RF) applications. Cree believes in better
light experiences and is delivering new innovative LED technology that
transforms the way people experience light through high-quality interior
and exterior LED lighting solutions.
Cree's product families include LED lighting systems and bulbs, blue and
green LED chips, high-brightness LEDs, lighting-class power LEDs,
power-switching devices and RF devices. Cree's products are driving
improvements in applications such as general illumination, electronic
signs and signals, power supplies and inverters.
This press release contains forward-looking statements involving risks
and uncertainties, both known and unknown, that may cause actual results
to differ materially from those indicated. Actual results may differ
materially due to a number of factors, including the risk that actual
savings and lifetimes will vary from expectations; the risk we may be
unable to manufacture these new products with sufficiently low cost to
offer them at competitive prices or with acceptable margins; the risk we
may encounter delays or other difficulties in ramping up production of
our new products; customer acceptance of our new products; the rapid
development of new technology and competing products that may impair
demand or render Cree's products obsolete; and other factors discussed
in Cree's filings with the Securities and Exchange Commission, including
its report on Form 10-K for the year ended June 26, 2016, and subsequent
filings.
Please refer to www.cree.com for
additional product and Company information.
Cree® and NanoOptic® are registered trademarks,
and DPT™, OSQ™ and Precision Delivery Grid™
are trademarks of Cree, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161130005215/en/
