Shares of Cree, Inc. (NASDAQ:CREE) ended Friday session in red amid volatile trading. The shares closed down -0.10 points or -0.40% at $25.08 with 952,637 shares getting traded. Post opening the session at $24.96, the shares hit an intraday low of $24.91 and an intraday high of $25.43 and the price vacillated in this range throughout the day. The company has a market cap of $2.49 billion and the numbers of outstanding shares have been calculated to be 99.70 million shares.
Cree, Inc. (NASDAQ:CREE) extended its industry-leading IG Series LED parking structure luminaires to include a warmer color temperature and standard 0-10V dimming for better light experiences with improved aesthetics and performance. The result is more choices that meet customer preference for warm, inviting light. Featuring Cree WaveMax™ Technology, the IG Series delivers low-glare comfort and defeats shadows for improved safety and visibility while delivering exceptional energy efficiency and fast payback.
“Parking structure operators are under constant pressure to lower operating costs while providing safe and visually appealing lighting,” said David Elien, Cree senior vice president and GM, commercial lighting. “With these new standard features, the high-performance IG™ LED parking structure luminaires not only outperform existing LED and metal halide solutions, but also offer a lower total cost of ownership while making a great first impression.”
The series offers improved performance and flexibility to meet code requirements with new, standard 0-10V dimming for Cree IG parking structure luminaires that do not include a factory installed sensor, enabling easy integration with advanced control systems to maximize energy savings. The raised functionality allows parking structure owners to seamlessly integrate wireless or wired control systems for daylight harvesting, remote monitoring and occupancy sensor capabilities further reducing energy usage for an even lower total cost of ownership.
Available in 3000K, 4000K and 5700K color temperatures, the highly efficient parking garage luminaires can deliver more than 80 percent energy savings and quick payback of less than two years contrast to outdated metal halide lighting. Programmable motion controls further increase these savings and facilitate a simple way to customize settings for high or low occupancy applications.