Cree, Inc. (Nasdaq: CREE) marks another milestone in LED lighting with the introduction of the new Cree ® LED 75-watt Replacement Bulb. The game-changing Cree LED Bulb now shines even brighter with the 75-watt option. The revolutionary bulb looks and lights like a traditional incandescent bulb but uses 82 percent less energy and is designed to last 25 times longer. Conceived from the start to make quality LED lighting accessible to all, the new Cree LED Bulbs retail for $23.97 – delivering consumers a higher output LED bulb in a standard form factor that is priced less than competing 75-watt replacement LED bulbs.
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.creebulb.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 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 30, 2013, and subsequent filings. Cree ® is a registered trademark, and Filament Tower ™ is a trademark of Cree, Inc.