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Former Cree Execs, Engineers Form New LED Company

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DURHAM, N.C., Oct. 21 -- Cree Inc. co-founder Neal Hunter today announced he has co-founded, with a group of former Cree scientists and engineers, a company to develop LED-based lighting fixtures. Hunter will serve as chairman and his partners as the principle officers. Cree is a maker of semiconductors used in solid-state lighting, power and communications products. The new company, temporarily named LED Lighting Fixtures Inc., plans to open offices in North Carolina and Hong Kong and is currently being funded by the founders. Hunter says he expects additional funding from private investors...Read full article

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