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The Town of Hempstead, N.Y., the largest township in the country, is making the switch to LED technology with the conversion of more than 50,000 high-pressure sodium fixtures to LED street lights from Cree, Inc. (Nasdaq: CREE). The installation is already underway with future phases planned to bring LED lighting to the town’s municipal buildings, parks and marinas. The street light project delivers an anticipated two and a half-year payback with nearly $3 million in annual energy savings and $57 million in total lifetime savings.
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