Lemnis Lighting has introduced a spanking new Pharox 500 bulb that supposedly offers a revolutionary way of lighting up your humble abode without having it consume too much power. This LED bulb is capable of outputting 500 lumens of light, hence its model number, making it for a more efficient bulb for traditional home lighting tasks. Consuming all of 7 watts and functioning as a direct replacement for a 60-watt bulb, it supposedly lasts up to a quarter of a century(!) and will retail from less than $40 a pop in the coming weeks. It is hoped that with mass adoption of such bulbs, they will be more efficient in manufacturing it, hoping to hit at $10 price point within five years’ time. Since Lemnis Lighting bulbs do not use mercury as compact fluorescents do, they are a whole lot greener and recyclable. Something to consider if you want to go green, eh?