The universal use of LED lighting may sound like something far down the road, but Richard Prati tells investors it's closer than they may believe.
The CEO of American Technology Research thinks it's time for investors to see the light about North Carolina-based Cree. It makes the computer chips that go into an LED lighting system.
"This is a company that we think is really misunderstood," he told CNBC. "This is one of the few companies that we can find that can save people 90 percent on their energy consumption, will last for about 20 years, as far as the LEDs that they install, and it's environmentally safe."