DURHAM, N.C., August 18, 2010 — The Home Depot customers can now purchase high-performance, affordable six-inch LED downlights powered with Cree TrueWhite® Technology. The EcoSmart LED Downlight retails for less than $50, delivering the industry’s best LED light quality and giving consumers high-efficiency lighting without compromising color accuracy and quality. The EcoSmart LED Downlight is available now via homedepot.com and is targeted to be available in nearly 2,000 The Home Depot retail stores in fall 2010.
“The availability of the EcoSmart LED Downlight at The Home Depot marks a true milestone in the LED Lighting Revolution,” said Chuck Swoboda, chief executive officer and chairman, Cree. “With high-quality, more affordable LED downlights now offered at the world’s largest home improvement retailer, consumers don’t have to turn to wasteful incandescent or mercury-laden fluorescent options when they can easily choose energy-efficient lighting that delivers warm light and beautiful color.”
“The EcoSmart LED Downlight delivers on The Home Depot’s promise to offer LED lighting without compromise,” said Bill Hamilton, electrical merchandising vice-president, The Home Depot. “Using award-winning Cree TrueWhite technology, The Home Depot is now able to deliver a lighting-class, energy-efficient solution to our customers.”
The EcoSmart LED Downlight was designed to exceed stringent ENERGY STAR® criteria and consumes just 10.5 watts, which is approximately 85-percent less energy than a comparable incandescent and 50-percent less energy than a fluorescent. Created specifically for the residential market, the EcoSmart LED Downlight is designed to last at least 35,000 hours, or approximately 32 years with three hours of daily use, which is nearly four times longer than compact florescent (CFL) alternatives and up to 16 times longer when compared to incandescent options. Easily installed into most standard six-inch recessed housings for retrofits and new construction, the new downlight is dimmable to 5 percent, with off the shelf dimmers.
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 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, backlighting, electronic signs and signals, variable-speed motors, and wireless communications.
For additional product and company information, please refer to www.cree.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 encounter delays or other difficulties in ramping up production of our new products; customer acceptance of LED 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 and TrueWhite are registered trademarks, and Cree TrueWhite is a trademark, of Cree, Inc. Energy Star is a registered trademark of the U.S. Environmental Protection Agency.
Fleishman-Hillard for Cree, Inc.
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