the crent transition in the navy now, a lot of times theyey will replace a full suite of lamps on pooror deployment so by the time they leave and come ck, they will repce every light. not the case here. these lamps will last ththe yeas and d years. vago: and they degrade more gracefefully than a fluorescent bulb does, c correct? gut: correct. vago: you get more like out of it out of its lifespan. guest: the depreciation of the light bens when the light goes in with a fluorescent l lamp. ereas this i is semiconductor technology. this is technology that lasts lot longer. it does nojust go dark. thappreciation of light -- the depreciaon of light does not occur until 7000 hoururs. this lasts a very, very long time.. vago: which i is very importantn ships, because a a lot of lights are on 24 hours a day, pretty much for the lifetime of the ship. some of the technology is darpa technology. walk us through this. no one else had this technology. you guys are thehe only ones on the market that have i it. guest: we are. when we undertook the initiatite with the navy to create product that could re

the stock market is now doing quite pooror. i've become less bullish about stocks. as i've repeatedly said, once the right hikes begin, you can't like it as much as you did before. or to put it another day, this was a bad day to announce the merger of dow and dupont. who wants a worldwide chemical company in a fed slowdown? i would totally agree if i didn't have so much faith in the people doing the deal. the ceo of dow chemical has been rking like a dog to get his company out of the chemica@ little value added. meanwhile, he's cut out a gigantic amount of waste, in kind of a brilliant way. lowered the cost of the raw feedstock needed for plastic. that's natural gas or methane or propane, while buying back a huge amoununof stock. and offering a bountiful dividend, allowing the stock to rally. dupont too has a ceo we've watched for some time and applauded for his insistence on endless value creation. ed bream was appointed ceo of the company. he sacrificed dupont's history of autonomy. we like bream because we believe in breaking up companies to create value. he crea