-- Cree, Inc. (Nasdaq: CREE) announced an agreement with Pilot Flying J, the largest operator of travel centers in North America, to install indoor and outdoor LED lighting at select locations. The agreement provides for a retrofit of interior and exterior lighting, to include parking lot canopies, downlights and area luminaires for various new and existing travel centers. Using Cree's high-performing LED lighting with SmartCast®
Technology, the project is anticipated to generate significant energy savings and eliminate nearly all lighting-related maintenance costs over the duration of Cree’s industry-leading 10 year warranty.
The program is underway, with Cree LED lighting retrofits completed at nearly 100 Pilot and Flying J Travel Centers to-date and plans to roll out dozens of new stores annually over the next five years.
“Cree’s canopies, troffers and area LED lighting provides better light that enhances customer experiences at the pump and inside our travel centers,” said Bryan Martin, Pilot Flying J energy manager. “As Pilot and Flying J Travel Centers are open 24 hours each day, this upgrade will also generate long-term energy reductions and material maintenance savings due to avoiding ballast and lamp change outs.”
Travelers will enjoy enhanced color quality and vibrancy in the stores with Cree’s CR Series of LED downlights and in select locations Cree’s ZR Series LED troffers with SmartCast® Technology. As Cree’s intelligent lighting solution, the SmartCast equipped ZR Series LED troffer provides a combination of extreme energy productivity and a personalized light experience that is intuitive and simple – it just works. The CR Series of dimmable LED lights provides higher efficacy and longer life than compact fluorescent lamps, with the beautiful color quality that customers demand. LR6 downlights deliver exceptional efficacy up to 100 lumens per watts to maximize energy savings.
“Cree believes better light changes everything, and deploying better LED technology can generate more than 50% energy savings while unlocking tremendous business potential,” said David Elien, Cree senior vice president, lighting. “Pilot Flying J is the leader in making life better for drivers, including well-lit travel centers and parking lots, and continues to lead in business innovation by tapping the value of LED technology from Cree.”
Outside, OSQ Area and Flood luminaires will provide even light distribution that blends extreme optical control, advanced thermal management and modern clean aesthetics. Cree’s high-power CPY Series of canopy fixtures will offer slim, low-profile aesthetics that will lower operating costs while providing safe and visually appealing lighting.
Please visit www.cree.com to learn more.
About Cree, Inc.:
Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality, interior and exterior LED lighting solutions.
Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters.
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 the risk that actual savings and lifetimes will vary from expectations; the risk we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of our new 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, 2015, and subsequent filings.
Cree® is a registered trademark of Cree, Inc.
About Pilot Flying J
Pilot Flying J, the largest operator of travel centers and travel plazas in North America, is committed to making life better for professional drivers. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than 650 retail locations, 52 Goodyear Commercial Tire and Service Centers (Wingfoot) and 44 Boss Shops, all of which accept MyRewards cards for Pilot Flying J’s loyalty program. The Pilot Flying J network provides drivers with access to more than 70,000 parking spaces for trucks, 4,800 showers and more than 4,400 diesel lanes offering Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked No. 8 on Forbes' list of America's Largest Private Companies. Visit www.pilotflyingj.com for more information.
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