(Durham, N.C.) Providing power electronics design engineers with a way to increase the efficiency of high-volume power inverters for alternative energy and other power electronic applications, Cree, Inc. (Nasdaq: CREE) has extended the product range of its industry-first Z-FET™ family with a lower amperage 1200V SiC MOSFET. The new MOSFET device complements Cree’s existing 1200V SiC MOSFET and features a smaller current rating that enables the device to be included in a wider range of applications at a lower price point or used in parallel to optimize system cost and performance. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, reports another industry-best efficacy record of 231 lumens per watt for a white power LED. This result is a significant advance beyond Cree’s previous industry record and further demonstrates how Cree’s relentless innovation continues to push the boundaries of what is possible with LED lighting. Cree reports that the LED efficacy was measured at 231 lumens per watt using a single-die component at a correlated color temperature of 4500 K. Standard room temperature 350 mA testing was used to achieve the results. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has raised performance levels for high-brightness LEDs optimized for high resolution indoor and outdoor video screens with its new water resistant and higher contrast high-brightness LEDs. The superior contrast offered by these Cree LEDs extends the benefits of typical, black surface-mount LEDs that are used for high-definition, high-resolution LED screens and displays. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $219.2 million for its third quarter of fiscal 2011, ended March 27, 2011. This represents a 6% decrease compared to revenue of $234.1 million reported for the third fiscal quarter last year and a 15% decrease compared to the second quarter of fiscal 2011. GAAP net income for the third quarter of $18.9 million, or $0.17 per diluted share, decreased 58% year-over-year compared to GAAP net income of $44.6 million, or $0.41 per diluted share, for the third quarter of fiscal 2010. On a non-GAAP basis, net income for the third quarter of fiscal 2011 of $30.1 million, or $0.27 per diluted share, decreased 41% year-over-year compared to non-GAAP net income for the third quarter of fiscal 2010 of $51.3 million, or $0.47 per diluted share. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the industry’s first lighting-class LED component that combines the high light output and small footprint of the XLamp® XM-L LED package with Cree’s unique EasyWhite™ color mixing technology. The new XM-L EasyWhite LEDs reduce the cost and complexity associated with binning and color mixing, as well as using multiple discrete LEDs. This can enable customers to reduce the price and improve the performance of LED solutions for compact directional lighting, such as 20-25 watt halogen MR, PAR and B10-style (candelabra) replacement lamps. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revised financial targets for its fiscal third quarter ending March 27, 2011. Revenue targets have been reduced to a range of $215 million to $220 million primarily due to lower sales of LED chips and LED components. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces commercial availability of the LBR-30™ LED lamp, aimed at replacing energy-wasting incandescent lamps commonly used in tracks, commercial and residential recessed downlights. Powered by Cree TrueWhite® Technology, the lamp delivers beautiful, warm-white light with unrivaled color accuracy and efficiency. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $257.0 million for its second quarter of fiscal 2011, ended December 26, 2010. This represents a 29% increase compared to revenue of $199.5 million reported for the second fiscal quarter last year and a 4% decrease compared to the first quarter of fiscal 2011. GAAP net income for the second quarter increased 47% year-over-year to $49.8 million, or $0.45 per diluted share, compared to GAAP net income of $33.8 million, or $0.32 per diluted share, for the second quarter of fiscal 2010. On a non-GAAP basis, net income for the second quarter of fiscal 2011 increased 51% year-over-year to $60.7 million, or $0.55 per diluted share, compared to non-GAAP net income for the second quarter of fiscal 2010 of $40.2 million, or $0.38 per diluted share. (more…)

(Durham, N.C.) In a move that heralds a performance revolution in energy efficient power electronics, Cree, Inc. (Nasdaq: CREE), a market leader in silicon carbide (SiC) power devices, has introduced the industry’s first fully-qualified commercial silicon carbide power MOSFET. This establishes a new benchmark for energy efficient power switches and can enable design engineers to develop high voltage circuits with extremely fast switching speeds and ultralow switching losses. (more…)

(Durham, N.C.) Denny’s Corporation, America’s largest full-service family restaurant chain, has chosen energy-efficient LED lights from Cree, Inc. (Nasdaq: CREE) as the preferred lighting standard for all its new and remodeled stores across the United States. Cree’s award-winning LR6™ six-inch downlights are being specified in various applications, including dining areas and restrooms in all newly constructed and converted facilities. (more…)

(Durham, N.C.) Cree, Inc. (Nasdaq: CREE) has further simplified indoor LED fixture design with its newly optimized XLamp® MX-6 LEDs, which feature higher flux options, new, longer lifetime estimates and higher CRI options. Cree has also completed LM-80 testing on MX-6 LEDs, which can enable quicker time to market for manufacturers designing ENERGY STAR®-rated fixtures. (more…)

(Mooresville, N.C.) Lowe’s announced today it is the first national retailer to offer consumers the industry’s first and only ENERGY STAR® rated LED A-Line bulb. Consumers will find the GE Energy Smart® 9-watt LED bulb on Lowes.com today – just in time to satisfy every technology enthusiast’s holiday wish list. The GE Energy Smart® 9-watt LED light bulb is rated to last more than 22 years, surviving perennial gifts such as sweaters or flannel shirts by at least a decade. Priced at $34.98 this LED light bulb makes a lasting, affordable gift that will be sure to brighten every season. (more…)