Cree Expands LED Components Distribution Network with Avnet
July 21 2016 - 9:00AM
Business Wire
Cree, Inc. (Nasdaq: CREE) and Avnet, Inc. (NYSE: AVT), a leading
global technology distributor, announced a strategic agreement that
expands coverage in the Americas for the distribution of Cree's
comprehensive portfolio of innovative LED components including
high-power, Chip-on-Board, high brightness and LED modules. This
agreement demonstrates Cree and Avnet’s shared commitment to
provide customers with the industry’s best LED solutions and
service to continue driving LED adoption.
“Adding Avnet to Cree’s industry-leading distribution network
demonstrates Cree’s continued investment in and commitment to its
LED business, giving customers greater access to the LEDs that
deliver the best system value,” said Dave Emerson, vice president
and general manager for Cree LEDs. “Combining Cree’s LED technology
with Avnet’s dedicated team of LED-focused Illumineers and
state-of-the-art LightLab will accelerate the adoption of the next
generation of LED solutions that combines lighting with IoT.”
Cree has the broadest portfolio of application-optimized,
lighting-class LED components that sets the industry’s benchmarks
for performance, light quality and reliability. With more than
4,000 patents, Cree remains the driving force behind the innovative
high-power LEDs that have redefined lighting with significantly
improved overall lighting system value for applications such as
street, outdoor area, stadium, retail spot and high-bay
lighting.
“Avnet and Cree share a commitment to not only facilitate the
transition from conventional filament and fluorescent lamps to LED
lighting, but to also help our customers bring true intelligence to
lighting,” said Alex Iuorio, senior vice president, supplier
development, Avnet Electronics Marketing Americas. “With the
support of Avnet’s Illumineers and LightLab and Cree’s portfolio of
components and modules, we can provide designers who want to
leverage the IoT to add more value to their products with
easy-to-implement solutions that will reduce development time and
cost, while fast-tracking time to market.”
Please visit
http://www.cree.com/LED-Components-and-Modules/Products to learn
more about Cree’s comprehensive portfolio of LED components.
Please visit
https://products.avnet.com/shop/en/ema/manufacturer/cree-inc for
more information on the Cree® products available through Avnet.
Visit https://www.youtube.com/watch?v=zqtO9-Rhnew to take a video
tour of Avnet’s Chandler, Ariz. LightLab.
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. Please
refer to www.cree.com for additional product and Company
information.
About Avnet, Inc.
From components to cloud and design to disposal, Avnet, Inc.
(NYSE:AVT) accelerates the success of customers who build, sell and
use technology globally by providing them with a comprehensive
portfolio of innovative products, services and solutions. Avnet is
a Fortune 500 company with revenues of $27.9 billion for the fiscal
year 2015. For more information, visit www.avnet.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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160721005168/en/
Cree, Inc.Claire Simmons, Corporate
Communicationsmedia@cree.comorAvnet Electronics MarketingHeidi
ElliottSenior Director, Marketing Programs,
480-643-7584Heidi.Elliott@avnet.com
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