DURHAM, N.C., January 20, 2009 — Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the demonstration of a new 6-inch LED downlight designed for the residential market. The Cree CR6 LED downlight is being shown this week at the 2010 International Builder’s Show in Las Vegas.
“By delivering the beautiful, warm light created by Cree TrueWhite™ technology in an affordable, energy-efficient LED residential fixture, we’re providing consumers with an alternative to energy-wasting incandescents and the poor color-rendering of compact fluorescent bulbs,” said Neal Hunter, President of Cree LED Lighting. “There is no residential LED downlight on the market today that can come close to matching the value and performance of the CR6. This product builds on the success of the award-winning LR6, which has shipped more than 350,000 units to date.”
The Cree CR6 LED takes the technology at the heart of the LR6 family and redesigns it to deliver maximum value for residential lighting. The CR6 downlight, planned for availability in mid-2010, is being designed to meet ENERGY STAR® criteria and for an end user price of approximately $60.
As demonstrated in residential applications at the Builder’s Show, Cree TrueWhite technology can deliver the warm light and beautiful color rendering that consumers should expect from energy-efficient lighting.
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for backlighting, wireless and power applications.
Cree’s product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, electronic signs and signals, variable-speed motors, and wireless communications.
For additional product and company information, please refer to www.CreeLEDLighting.com. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.com.
This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may be unable to develop and release commercial products with performance ratings comparable to the development results described above; the risk we may be unable to manufacture products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the potential lack of customer acceptance of the products; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 28, 2009, and subsequent filings.
Cree is a registered trademark and TrueWhite is a trademark of Cree, Inc.
ENERGY STAR is a registered trademark of the U.S. Environmental Protection Agency.