An industry expert has suggested that LED lights need to pay back hefty investments a lot quicker before going into the workplace.
LEDs have for some time been seen as the future of the lighting industry. However, adoption of the lights has been significantly slower than many experts had expected.
In a phone interview as part of the Reuters Global Energy and Climate Summit, Cree chief executive Chuck Swoboda explained: "At the end of the day we're still asking people to pay a pretty high premium for LED lighting, and the paybacks are too long."
He added: "We still need more innovative products that are as good or better than what they replace."
Meanwhile, National Semiconductor, a technology manufacturer, recently launched the first 2A red, green and blue LED driver for portable projectors.
The device's projectors drive three common anode red, green and blue high-brightness LEDs sequentially through a single inductor.
This is in contrast to other products on the market, which tend to include a separate driver for each LED.
Posted by Andre Dixon