Cree LED Lamps Selected for Initial 650 Store Deployment at Walmart.DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, has been selected to provide energy-efficient LED lighting to Walmart for new stores and renovations. Walmart plans to install Cree LRP-38 LED light bulbs in 650 stores during the first year, replacing ceramic metal halide halide: see halogen. in the produce and electronics departments. Cree's industry-leading LR6 recessed LED downlights are also being used in new construction applications. The Cree LRP-38, a PAR38 style LED lamp A LED lamp is a type of solid state lighting (SSL) that utilizes light-emitting diodes (LEDs) as a source of illumination rather than electrical filaments or gas. Models , was selected for its energy-efficiency, long lifetime, controlled beam and high color-rendition. Designed to last 50,000 hours, the LRP-38 consumes 82 percent less energy than the 70-Watt ceramic metal halide bulbs it replaces and can last more than five years in a 24/7 operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . The unique design of the LRP-38 also reduces glare for customers, focusing attention on the merchandise and not the lighting. "Cree TrueWhite[TM] Technology delivers high quality light--making food and merchandise attractive, which we believe enhances the customer's experience," said Neal Hunter, Cree LED Lighting president. "We're able to do all this while reducing energy consumption and eliminating toxic mercury. The selection of Cree's lamp followed a thorough analysis of performance, in-store evaluations and return on investment." About Cree Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent in·can·des·cent adj. 1. Emitting visible light as a result of being heated. 2. Shining brilliantly; very bright. See Synonyms at bright. 3. light bulb through the use of energy-efficient, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for backlighting back·light n. A type of spotlight, used in photography, that illuminates a subject from behind. tr.v. back·light·ed or back·lit , back·light·ing, back·lights , wireless and power 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 radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, electronic signs and signals, variable-speed motors, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . For additional product and company information, please refer to www.CreeLEDLighting.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Walmart's plans may change resulting in lower product sales; the possibility that actual energy savings may vary from expectations; 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 28, 2009, and subsequent filings. Cree is a registered trademark and TrueWhite Technology is a trademark of Cree, Inc. |
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