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New Cree LED Luminaire Breaks 100 LPW Barrier for Indoor Lighting
May 10, 2010
LR24HE Sets New Standards for
LED Fixture Performance
DURHAM, N.C., May
10, 2010 — Cree, Inc. (Nasdaq: CREE), a market leader in LED
lighting, announces a new LED-based troffer that delivers more than 100 lumens
per Watt fixture efficacy, the first indoor fixture known to deliver this level
of performance.
Shown at the Cree booth, #149 at Lightfair 2010 in Las
Vegas, the LR24HE is 30 percent more efficient than the best 2-foot-by-2-foot
fluorescent troffers and 15 percent more efficient than the best
2-foot-by-4-foot fluorescent troffers. The LR24HE uses Cree TrueWhite™
Technology to deliver 3200 lumens at 3500 K with a 90 CRI. It is designed to
last at least 50,000 hours.
“By using the LR24HE, which is the most efficient product
for general illumination, lighting designers and architects now have the
freedom to reintroduce accent and decorative lighting and still meet energy codes or achieve LEED points,”
said Gary Trott, Cree vice president market development, LED Lighting. “Cree
continues to leverage TrueWhite Technology to deliver breakthrough new
performance levels.”
The LR24HE is planned for commercial availability in late
summer. It will offer Cree’s new five
year warranty.
Cree also announces
that it will be reducing the price of its award-winning LR24 LED troffer by 15
percent to reduce upfront cost and accelerate the LED lighting revolution.
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 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 and LR24 are
trademarks of Cree, Inc.
