Cree Offers New Line of Better LED Bulbs
September 13 2016 - 9:00AM
Business Wire
Resets Expectations for What LED Bulbs Should
Be
Cree, Inc. (Nasdaq: CREE) announces a completely new portfolio
of next generation LED bulbs aimed at delivering better light
experiences for consumers. The new bulb portfolio consists of 25
new products, offering better light quality, better dimming, better
lifetime, better warranty and better pricing to deliver on the true
promise of LED technology to make lighting better than it was
before.
“Cree is committed to innovation and unlocking the true
potential of LED technology,” said Betty Noonan, Cree chief
marketing officer and general manager, consumer lighting. “Many new
LED products fail to live up to the promise of LED technology;
shouldn’t you choose a better bulb when it will live in your house
for decades? Cree believes it’s now more important than ever to
give consumers a better choice.”
“The Home Depot continues to offer the latest innovations in LED
lighting, as can be seen with this new portfolio of Cree® LED
bulbs. Our customers are looking for a high quality LED lighting
experience that combines the latest technology with the benefits of
energy savings and durability LEDs are known for,” said Joey
Corona, Merchant, The Home Depot.
Notable features in the new bulbs include superior lifetimes,
with most projected to last 22+ years and some up to 32 years.
Color rendition is improved, with smoother, quieter dimming to
levels as low as 1 percent. Cree’s market-leading “Candlelight
Dimming,” available in the new candelabra bulb, mimic’s a true
candle flame with a warmer 1800K color when dimmed.
The new Cree bulbs meet or surpass the requirements for ENERGY
STAR® product certification and are covered by a 10 year 100
percent satisfaction guarantee – one of the strongest warranties in
the industry. The new bulb portfolio includes new A-lamps, BR
lamps, PAR lamps and Candelabra lamps, as well as a new series of
recessed downlight retrofit products.
The new Cree LED bulbs are available this month, online and
in-store, at The Home Depot®. Please visit http://creebulb.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 26,
2016, and subsequent filings.
Cree® is a registered trademark of Cree, Inc. The Home Depot® is
a registered trademark of Homer TLC, Inc. ENERGY STAR® is a
registered trademark of the U.S. Environmental Protection
Agency.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160913005330/en/
Cree, Inc.Claire Simmons, Corporate
Marketing919-407-7844media@cree.com
Cree (NASDAQ:CREE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cree (NASDAQ:CREE)
Historical Stock Chart
From Apr 2023 to Apr 2024