At Cree, customer-driven innovation is nothing new. It has been our constant focus for nearly a quarter century. In that time, we've revolutionized the lighting industry by making high-quality, sustainable LED lighting affordable and easily available.
We've also grown into a fully integrated, leading lighting company, with more than a million of our flagship LED downlights installed around the globe and with the most installed outdoor luminaire run time of any manufacturer--more than one billion hours and counting.
Cree remains at the forefront today, developing new LED solutions that improve both our customers spaces and their bottom lines. As our product lines grow, we not only build on our history of innovation, we also extend our record of delivering superior value with beautiful, energy-efficient lighting.