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President Obama encouraged by LED Lighting opportunities.

07 September 2009

It seems President Obama wants to learn more about the energy-efficient technology and so he invited eight CEOs to the White House this week for a technology discussion.

And President Obama is reportedly excited by the potential of LED lighting.Chuck Swoboda, chairman and CEO of Cree was there and he believes there is a big opportunity to achieve substantial energy savings.

"22% of US electricity is used for lighting and the widespread deployment of LED lighting can reduce this by more than 60%," said Swoboda.

"When you hear the innovation that's taking place - everything from LED lighting that can save a huge amount on energy costs to new concrete materials....that gets you excited about the future," said President Obama.

Cree's Swobada believes with President Obama's support and the current momentum surrounding energy efficiency and sustainability, there are opportunities to address current energy challenges.

President Obama said: "It's men and women like these who will help lead us out of this recession and into a better future. My job - and our job as a government - is to do whatever we can to unleash the great generative powers of the American economy by encouraging their efforts."

Source: Electronicsweekly.com 9/7/09

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