Cree, Inc. (Nasdaq: CREE) announces a breakthrough innovation in street lighting with the introduction of the XSP Series LED Street Light – the most affordable and efficient Cree ® LED street light designed to speed payback to municipalities. Using nearly 50 percent less energy and designed to last over three times longer than wasteful, traditional high-pressure sodium street lighting, the XSP Series can double the lumens per dollar compared to previous generations of Cree LED street lights and is the ideal choice for cities and municipalities looking to save money and resources.
The Cree XSP Series LED Street Light is sold through Cree lighting sales channels with select versions targeted for availability in May 2012. For more information on Cree XSP Series LED Street Light visit www.cree.com/XSP, and to learn how Cree is accelerating LED lighting adoption, visit www.creeledrevolution.com.About Cree 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 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; 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 26, 2011, and subsequent filings.
Cree ®, LEDway ® and NanoOptic ® are registered trademarks and Precision Delivery Grid ™ is a trademark of Cree, Inc. or one of its subsidiaries.Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50232906&lang=en