Cree light sold by Home Depot

Home Depot customers who purchase the home improvement retailer's new LED ceiling light actually are buying a Cree product in disguise. Chuck Swoboda, CEO of Durham-based Cree, announced late Tuesday during a conference call with analysts that Home Depot's new EcoSmart brand downlight -- a recessed ceiling light that's the equivalent of a conventional 65-watt bulb -- is made for the retailer by Cree.
The ceiling light currently is sold for $49.95 on Home Depot's website and will be available in stores nationwide this fall.

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