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Cree Sets New 5-Year Warranty Standard for LED Fixtures
May 10, 2010
DURHAM, N.C., May
10, 2010 — Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, announces
it is extending the warranty on its entire family of fixture products to five
years.
“We have almost
20,000 hours of real-world data on products from our early installations nearly
three years ago, and the performance is rock solid,” said Ty Mitchell, Cree
vice president and general manager, LED Lighting. “Lengthening the warranty
lets our customers know that Cree stands behind the long-term performance and
reliability of our fixtures.”
Cree’s fixture
portfolio includes the CR6, LR4 and LR6 recessed downlights and the LR24 architectural
LED troffer, all of which are installed in restaurants, offices and commercial
spaces across the United States. All of Cree’s recessed downlights are ENERGY
STAR® qualified for commercial and residential applications.
About Cree
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 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 is a registered trademark and TrueWhite and LR24 are
trademarks of Cree, Inc.
ENERGY STAR is a registered trademark of the U.S.
Environmental Protection Agency.
