Cree introduces the MR16 Series LED lamp with TrueWhite® Technology, that delivers the soft, diffused light of a traditional 50-watt halogen MR16 lamp, and is designed for global compatibility with virtually all existing sockets. With a suggested retail price of USD 25, Cree MR16 TrueWhite LED lamps consume up to 83 percent less energy and are designed to meet ENERGY STAR® qualification to deliver a rapid payback of less than one year.*