President of LEDs Meets President of U.S.

The Chief Executive Officer of Cree met the Commander-in-chief of the United States yesterday. Chuck Swoboda, chairman and CEO of Cree, was invited by President Obama to participate in a discussion regarding the latest developments in energy efficient technologies, according to a company press release.

Swoboda, along with seven other CEOs representing American companies at the forefront of innovation, met with the President to discuss American innovation in areas such as clean energy and the potential benefits to the U.S. economy.

After the discussion, President Obama remarked: “I just had a meeting with the CEOs of some of the most innovative energy companies in America to talk about growth and progress of a sector that represents a big piece of America’s economic future. It’s men and women like these who will help lead us out of this recession and into a better future. My job – and our job as a government – is to do whatever we can to unleash the great generative powers of the American economy by encouraging their efforts. And when you hear the innovation that’s taking place – everything from LED lighting that can save a huge amount on energy costs to new concrete materials….that gets you excited about the future.”

Cree is a market-leading manufacturer of LED products based in Durham, North Carolina.

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