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04/26/11 7:09 PM

#2427 RE: C C #2424

ONTC......will be on display in May at the Lightfair International show in Philadelphia


“Cree worked closely with NexPhase in the development of our intelligent 2'X2' Troffer with NexSense technology. Scott White from Cree recently stated that, ‘NexPhase has tremendous potential in the commercial LED lighting space. From a philosophical standpoint, if NexPhase wins, Cree wins.”


NexPhase’s NexSense troffer product will be on display in May at the Lightfair International show in Philadelphia. Additionally, NexPhase is continuing to strengthen its relationship with Cree and is currently in the final stages of a new product release with the Cree XPG product line at the core of this new fixture design.


“NexPhase continues to choose Cree as our primary LED provider,” said Ty Ramsey, NexPhase’s COO. “Cree continues to makes it easy for us with innovative, world-class LEDs, combined with extremely attractive pricing. What really sets them apart from the competition is the professionalism of their engineering and sales support teams

Cree is currently trading above $41 per share with a current market cap of $4.49 Billion. Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, environmentally friendly LEDs



http://finance.yahoo.com/news/Onteco-Corporation-ONTC-bw-3716942182.html?x=0&.v=1



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