Cree, Inc. (Nasdaq:CREE) continues to relentlessly expand America’s best-selling LED bulb portfolio with the 3-Way Cree ® LED Bulb. Unlike compromised incandescent and prior LED alternatives with light levels that were only useful as two-way bulbs, the 3-Way Cree LED Bulb provides three light levels distinctly visible to the naked eye, delivering the perfect illumination for any application—from task lighting to ambient lighting. The 3-Way Cree LED Bulb emits warm, incandescent-like light while consuming up to 90 percent less energy. Available at The Home Depot ® for $24.97, the 3-Way Cree LED Bulb is about half the cost of comparable LED bulbs.
The new 3-Way Cree LED Bulb emits warm, incandescent-like light while consuming up to 90 percent less energy, at about half the cost of comparable LED bulbs. (Photo: Business Wire)“Cree continues to reshape the lighting industry and push LED lighting to the next level with a three-way LED bulb that delivers a better lighting experience than they’ve had with incandescent and LED bulbs,” said Norbert Hiller, Cree executive vice president, lighting. “The 3-Way Cree ® LED Bulb is another example of Cree’s commitment to providing consumers with choice and flexibility to encourage more rapid LED adoption.” “We’re excited to provide our customers the 3-Way Cree ® LED Bulb, an affordable LED alternative that delivers on the promise of a real three-way bulb with three distinct and visible levels of light,” said Mark Voykovic, light bulb merchant, The Home Depot. Giving consumers complete control over their lighting with a simple flip of a switch, the 3-Way Cree LED Bulb provides 320, 820 or 1620 lumens (equivalent to 30-, 60- and 100-watt incandescents) in one bulb in a soft white (2700K) color temperature while consuming as few as three watts. The 3-Way Cree LED Bulb also lasts 25,000 hours, works in any orientation, and is backed by Cree’s industry-leading 10-year consumer warranty.
www.creebulb.com for additional product and company information. 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 and lifetimes 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 of Cree, Inc. The Home Depot ® is a registered trademark of Homer TLC, Inc.