DURHAM, N.C., DECEMBER 2, 2009 — Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has signed an agreement with LED do Brasil Comercio de Produtos Eletronicos Ltda. to promote the sale of Cree LED components in Brazil. Brazil is the 10th largest energy consumer in the world and the 3rd largest in the Western Hemisphere, behind the United States and Canada.
“We see great potential for LED lighting in Brazil,” said Paulo Taminato, LED do Brasil Comercio de Produtos Eletronicos Ltda. Commercial Manager. “Later in December, we are holding a seminar about designing with Cree LEDs and the response has been overwhelming. I believe we can help reduce our country’s energy consumption for lighting with the deployment of energy-efficient LEDs.”
“Led do Brasil will represent our LED components, from high-brightness to lighting-class XLamp® LEDs,” said Vince Feorenzo, Cree sales director. “We look forward to spreading the LED lighting revolution in Brazil, demonstrating how LED lighting can save energy, save money and help protect the planet.”
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
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 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.