Cree Expands Blue and Green LED Product Line New LEDs Offer 50% Power Reduction for Lower Power, Price Sensitive Applications
Durham, NC. Cree, Inc. (Nasdaq: CREE) today introduced new, lower power, smaller-sized light emitting diode (LED) devices based on the company s existing standard and high brightness silicon carbide (SiC) product technology. These new devices consume 50% the power and represent a significant cost savings over Cree s standard and high brightness blue and green LEDs.
These devices are available in production quantities and are currently shipping into high volume consumer applications. Target applications for these new devices include cellular phones, high-resolution video boards and segmented LED displays. Product specifications for these low current devices can be found on Cree s website at http://www.cree.com.
Mike Dunn, General Manager, Optoelectronics, stated, "We are responding to our customers requirements for lower power LEDs for use in applications where power consumption and cost are primary considerations. We believe demand for these new devices will be driven by continued miniaturization, particularly in the cell phone and high resolution video screen display market as well as in traditional cost sensitive, high volume LED applications."
North Carolina based Cree, Inc. is the world leader in development and manufacturing semiconductor materials and electronic devices made from silicon carbide. The company uses proprietary technology to make enabling compound semiconductors such as blue and green LEDs, SiC crystals used in the production of unique gemstones and SiC wafers that are sold for device production and research. Cree has new product initiatives based on expertise in SiC, including radio frequency and microwave transistors for use in wireless infrastructure and radar, blue laser diodes for optical storage applications and high power devices for power conditioning and switching. For more information on Cree and product specifications, visit the company s website at http://www.cree.com.
This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated. Actual results could differ materially due to a number of factors, such as the rapid pace of change in consumer electronics and other application markets for which the products are intended; the rapid development of new technology and competing products that may impair demand; the risk of litigation asserting intellectual property claims; and other factors discussed in our filings with the Securities and Exchange Commission, including our report on Form 10-K for the year ended June 27, 1999, subsequent quarterly reports and our registration statement on Form S-3 filed January 3, 2000, as subsequently amended.
Contact:
Fran Barsky,
Investor Relations Manager of Cree, Inc.
Tel: 919-313-5397 or 919-313-5452
Fran Barsky,
Investor Relations Manager of Cree, Inc.
Tel: 919-313-5397 or 919-313-5452
Web site: http://www.cree.com
