15 Feb '12, 12pm

Greentech Media

Greentech Media

A year ago, Warner Philips, the co-founder of Lemnis Lighting, told Greentech Media that consumers will be able to buy an LED light bulb for less than $10 in 18 to 24 months. He was right. Lemnis is now offering an LED bulb for $4.95. It's a basic model: 200 lumens (which is about a 25-watt equivalent), non-dimmable, and provided with just a one-year warranty. Philips notes that less than 13 percent of U.S. light bulbs are on dimmable sockets. And only 0.2 percent of homes have LED lighting, said Philips, citing a DOE report. But the $4.95 LED bulb is available today, and in the view of the CEO, it will act as a gateway drug to ubiquitous LED lighting. "The reason we've done this is to get people into the game, instead of them waiting for a 60-watt equivalent at a $10 price." (By the way, Warner Philips is the grandson of the founder of Philips Lighting.) Lemnis builds scr...

Full article: http://www.greentechmedia.com/articles/read/Lemnis-Busts-...

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