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TIME names Philips LED bulb one of “best inventions of 2009”

Philips Electronics announced that its recently launched LED replacement for the common household bulb was named one of the "best inventions of 2009" by TIME.

Under the heading "The $10 Million Lightbulb", the editors said that "with the flick of a switch, Philips Electronics may have just dramatically lowered America’s electric bill."

As part of the US Department of Energy’s Bright Tomorrow Lighting Prize competition, the lamp is currently undergoing comprehensive evaluation, including performance testing conducted by independent laboratories, and field assessments conducted with utilities and stress testing under extreme conditions.

(Source: Manila Bulletin)