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Cree CEO Chuck Swoboda on the Obama-endorsed LED light bulbs that cost less than $10 and look like traditional bulbs.
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Is as long as I possibly can boss President Obama -- -- these and lead to use the future of lighting.
Joining the company took a vote he's the Chief Executive -- of the lighting makeup creed C on double each up welcome -- the program we'll -- threat on a -- now at risk -- to give you a three minute commercial and Avago lecture.
Number one you've got a -- Kia that cost less than ten dollars and it's Alley ditty that's relative to me.
So.
What most people you're sceptical start -- we've -- alight all that looks just like a regular light bulbs and walked in the story want to try second.
It works like -- -- all book batter he screw this and -- you have -- sixty watt incandescent today.
And I bet you can't tell the difference I don't like the lighting quality doesn't but the quality of the light that I get from these early eighties the color what's different is that annual us what we've basically -- -- found a way to put abilities in the center of the -- like a traditional -- -- And make it like a film so effectively we created a -- -- style -- be like -- so when you put it in.
Little if you put this right next to a lamp with a sixty watt.
You won't be able to tell the difference -- -- myself can't use a -- a rheostat on this kind of work with all the traditional -- as you can go on behind the story today how much for that one miniscule.
So we have to -- women forty and sixty -- the forty watt is just under ten dollars.
This is just over twelve dollars still far more expensive -- my good old intend essence.
Ten year warranty it pays for itself in the first year what's on what's the energy -- so this is nine and a half watts vs -- sixty watt incandescent.
And think about this if you take this in one your high use.
He'll spend fourteen and a half dollars.
In the year.
According what do I know what -- -- -- -- what you gonna cite.
Why does the government have to push me around to get into these LEDs is that we will get a solid are gonna say that in you know but let's in this that the but this would the -- Do they go past six recently -- watts I have.
Democrat I can't I can't not agree I think that's OK I thought the 120 -- is.
So we just introduced forty and sixty the technology is possible to go to -- want because.
I've really got to walk I don't remember -- -- wanna get like it won't let every night when a minute.
What's interesting is actually most like bolts that are in people's house -- above its five billion in the US over -- About four billion or incandescent and most of them are sixty and forty watts chuck only look at the screen.
You're seeing that actual stock at that it's up 14% -- -- but I don't -- -- I really look what I have done for you today well I really appreciate I do believe that bowled with mesa lot that what I'm gonna leave this with -- -- taken home.
And I want to put it in and tell me if you don't think it looks just like -- regular is made in America.
It was actually made in Durham, North Carolina.
So this isn't just some.
In the united we -- Charles were actually make in this in the US jobs in the US time about wasn't three minute commercial -- It that you realized I had agreed to 14% don't you stop coming -- I've gone well but chuck.
