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City of Welland Joins LED City Program

Recently, Cree, Inc., a market leader in LED lighting, and the City of Welland, Ontario, Canada, announced that Welland has joined the LED City initiative, an international program that promotes the deployment of energy-efficient LED lighting. The city has converted many of its lighting applications to LEDs, including streetlights and traffic signals, and has additional projects underway. Welland has also amended its municipal standards to facilitate LED lighting for all future streetlight installations. ... Read more
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LED shimmer wall adorns Raleigh building

It’s reported that the shimmer wall adorns the McDowell Street side of the new convention center in downtown Raleigh. Next month, the shimmer wall art installation measures 211 ft long by 44 ft high and will adorn one exterior wall of the city's new convention center. ... Read more
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LG, Cree to Build LED Joint Venture in China

It’s reported that LG Display, the world's No. 2 supplier of LCD panels, will build a joint venture with Nasdaq-listed Cree in LED packaging in Nanjing, China. LG Display is able to cut costs in LED lighting business amid growing demand for the component in notebooks and television sets, adding the company could avoid possible patent infringement troubles if the plan is realized. It's a win-win strategy. ... Read more
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Record 4Q08 and FY08 revenue from Cree

Recently, Cree Inc. has announced revenue of $493.3M for FY08, representing a 25% increase over FY 07, citing XLamp sales growth and increasing demand for HB-LEDs as major drivers.  ... Read more
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Cree LEDs light up the Beijing Olympics

At the festivities, in keeping with China's push for futuristic technologies, tiny chips made in Durham will light up the Beijing Olympics. When the games open tonight, an estimated 4 billion people worldwide will watch dazzling, computerized light shows centered partly around the iconic Bird's Nest and Water Cube buildings, those buildings' lights were built using more than 750,000 red, blue and green LED chips made at Cree's factory in Durham.In addition, Cree LEDs will illuminate massive video boards in Beijing and TV kiosks throughout the Olympics complex. ... Read more
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Cree Announces New XLamp LEDs

Recently, Cree Inc., a market leader in LED lighting, announces a new standard for lighting-class LEDs with the introduction of the XLamp(r) XP-E and XP-C LEDs. The XLamp XP-E and XP-C LEDs are available to order with standard lead times. ... Read more
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It’s reported that Sturtevant - Energy-saving lighting that could help cities in Alaska to Australia save on the cost of electricity in street lights is creating global growth opportunities for Ruud Lighting Inc. ... Read more
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Recently, Municipality announced that Anchorage participated in the LED City program and appropriated $2.2 Million for First Phase Installation of LED Roadway Lights. Cree, Inc, a market leader in LED lighting said this is to promote the deployment of energy-efficient LED lighting. ... Read more
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Cree expects LED lighting production costs to drop fast, coming close to the levels of fluorescent lamps by 2012. XLamp MC-E has been widely adopted by clients for commercial lighting, flash lights, street lamps and others. ... Read more
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Cree to acquire LED Lighting Fixtures

Cree has signed a definitive agreement to acquire privately held LED Lighting Fixtures (LLF) in a cash and stock transaction valued at approximately $77 million, plus up to an additional $26.4 million over a three-year period. ... Read more
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