September 24, 2012
New Cree 10-Year LED Lighting Warranty Covers Industry’s Broadest Range of Products
Proven Quality Enables Increased Investment Protection for Customers
-- LED lighting leader Cree, Inc. (Nasdaq: CREE) reaffirms its commitment to delivering world-class LED lighting quality, performance and customer service with the introduction of a 10-year limited warranty on nearly all new Cree®
commercial LED lighting fixtures.
“Cree continually pushes the limits on LED lighting innovation,” said Doug Knisely, director of building and petroleum construction, Sheetz, Inc. “The new warranty further validates our decision to use Cree LED lighting. Industry leading energy efficiency, lifetime performance and quality make Cree LED lighting a smart choice.”
Cree is a leading innovator of LED chips, components and lighting and has over 20 years of experience in commercial LED development. Through this experience, Cree brings an unprecedented level of expertise to all components of the LED lighting design and development process, enabling this level of warranty.
“With leading LED research and development, a strong financial balance sheet and some of the industry’s longest-running field LED lighting installations, the new 10-year limited warranty underscores Cree’s commitment to the long-term performance and reliability of our products,” said Ty Mitchell, executive vice president, lighting, Cree. “Added to the energy savings LEDs offer over traditional technologies, this warranty is a win-win for everyone.”
Cree’s new 10-year warranty covers nearly all Cree globally available commercial-grade indoor and outdoor fixtures, which can be installed in restaurants, offices, hospitals, grocery stores, shopping malls, schools and universities, auto dealerships, roadways, parking facilities, gas stations and many other commercial spaces around the world. To learn more about products covered under the new warranty, visit www.cree.com/lighting/products/warranty.
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio-frequency (RF) applications.
Cree’s product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters.
For additional product and company information, please refer to www.CreeLEDLighting.com. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.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 will vary from expectations; customer acceptance of LED 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 24, 2012, and subsequent filings.