Philips Electronics designed this light bulb in a response to the Energy Department's $10 million competition to create a superior 60 watt bulb, a competition that also includes lucrative federal purchasing agreements for the winner. The bulb emits the same amount of light on only 10 watts of power and lasts 25 times longer than halogen (about 25 years!). The expected price tag is $40, which will be totally worth it for a money saving light bulb that lasts 25 years.
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