Cree's LED Lighting Revolution to Obsolete the Lightbulb
MARCH 3, 2008 — Cree, Inc. (Nasdaq: CREE), a market leader in LED
solid-state lighting, today announced that it has completed the
acquisition of privately held LED Lighting Fixtures, Inc.
This acquisition expands Cree’s market opportunity by providing direct access to the lighting market. Cree's business now encompasses LED chips, components and lighting solutions. It further enables Cree to drive retrofit solutions to convert existing lighting infrastructure to energy-efficient lighting and to accelerate the adoption of LED lighting.
“We are out to lead the LED lighting revolution and to obsolete the lightbulb,” said Chuck Swoboda, chairman and chief executive officer of Cree.
Cree is a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications.
CONTACT: http://www.cree.com
This acquisition expands Cree’s market opportunity by providing direct access to the lighting market. Cree's business now encompasses LED chips, components and lighting solutions. It further enables Cree to drive retrofit solutions to convert existing lighting infrastructure to energy-efficient lighting and to accelerate the adoption of LED lighting.
“We are out to lead the LED lighting revolution and to obsolete the lightbulb,” said Chuck Swoboda, chairman and chief executive officer of Cree.
Cree is a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications.
CONTACT: http://www.cree.com
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