Cree First to Offer a 10-Year Warranty on Intelligent Lighting Systems
July 21 2016 - 4:01PM
Business Wire
SmartCast Technology’s Proven Reliability
Enables Investment Protection for Customers
Cree, Inc. (Nasdaq: CREE) continues its commitment to delivering
better light with the introduction of the first 10-year warranty
for intelligent lighting systems on all new Cree SmartCast®
Technology luminaires with integrated sensors. Cree® SmartCast
Technology is the most intuitive and easiest to install intelligent
light solution on the market, delivering up to 70 percent energy
savings for half the cost of other solutions and now backed by an
industry leading, 10-year limited warranty.
“After millions of cumulative hours of accelerated lifetime
testing, Cree is confident that it has proven the long-term
reliability of its intelligent lighting products,” said David
Elien, Cree senior vice president, lighting. “Cree stands alone in
its commitment to supporting its SmartCast® Technology with a
10-year, limited warranty, enabling your employees to be more
productive and your building to become a long-term intuitive
asset.”
The new, industry leading, 10-year warranty covers all Cree
commercial-grade SmartCast Technology troffers and suspended
luminaires. It lowers the total cost of ownership and overall
install costs for SmartCast Technology customers compared to
control systems that require additional costs for extended
warranties and are often limited to five-year terms.
Every luminaire in the SmartCast Technology portfolio uses
OneButton™ Setup to commission up to an entire building with a
single stroke, offering intelligence that is live within minutes.
The result is an enhanced experience that enables personalized,
task-specific environments that adapt to users in each space for
increased productivity. It even applies what it learns to drive
energy costs lower for continual operational improvement. SmartCast
Technology reduces design time, wires and setup time often
associated with traditional controls systems. The system provides
smart lighting that meets existing and emerging building codes and
operates wirelessly or over Power over Ethernet to deliver better
light now and into the future.
Cree SmartCast Technology is sold through Cree lighting sales
channels throughout the United States and Canada. Please visit
www.cree.com/smartcast 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® and SmartCast® are registered trademarks and OneButton™ is
a trademark of Cree, Inc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160721005174/en/
Cree, Inc.Claire Simmons, Corporate
Marketing919-407-7844media@cree.com
Cree (NASDAQ:CREE)
Historical Stock Chart
From Apr 2024 to May 2024
Cree (NASDAQ:CREE)
Historical Stock Chart
From May 2023 to May 2024