All 180 The Home Depot® Canada Stores Now Feature the Cree® LED Bulb
TORONTO, May 16, 2013 /CNW/ - Cree, Inc. (Nasdaq: CREE) extends the
availability of its game-changing series of LED bulbs to all 180 of The
Home Depot Canada stores across the country. Designed to offer
consumers a no-compromise lighting experience at a compelling price,
the Cree LED bulb looks and lights like a traditional bulb, uses 84 per
cent less energy than a traditional incandescent bulb and features an
industry-leading 10-year limited warranty.
"Our mission is to drive 100 per cent LED lighting adoption and we
recognize the importance of engaging consumers with an attractive
alternative to the billions of energy-wasting light bulbs," said Chuck
Swoboda, Cree chairman and CEO. "The Cree LED bulb is the first to
offer consumers a breakthrough product at an affordable price.
Extending the availability of the Cree LED bulb to The Home Depot
Canada, furthers our mission to make inefficient lighting obsolete."
"As the product authority in home improvement needs, our customers look
to us to provide them with the most advanced, cost-effective lighting
technologies available," said Jeff Kinnaird, merchandising vice
president, The Home Depot Canada. "That's why we diligently work with
our manufacturing partners to develop innovative alternatives that will
help our customers save money and energy. Our new partnership with Cree
means we can offer an even more affordable LED light bulb to our
customers, while offering the look and feel of an incandescent bulb."
The innovative bulb is illuminated by Cree LED Filament Tower™
Technology and provides a compact, optically balanced light source
within a real glass bulb, to deliver consumers the warm light they love
and want. Boasting a shape that looks like a traditional light bulb,
Cree LED bulbs can be placed in most lighting fixtures in the home. The
new Cree LED bulb is designed to last 25,000 hours or 25 times longer
than typical incandescent light bulbs - reducing the need to replace
bulbs for years to come.
With a retail price of $12.97 for the warm white 40-watt replacement,
$15.97 for the 60-watt warm white replacement and $15.97 for the
60-watt day light, the energy-efficient Cree LED bulbs can pay for
themselves in about a year.*
Cree LED bulbs are the ideal replacement for energy wasting 60-watt and
40-watt incandescent bulbs and compromise laden CFL lighting. The new
LED bulbs turn on instantly and are free of the mercury that is found
in CFL bulbs. Unlike many low-priced LED bulbs, Cree LED bulbs are
easily dimmable with most standard incandescent dimmers.
The Cree LED light bulb (60-watt incandescent replacement) delivers 800
lumens and consumes only 9.5 watts and is available in warm white
(2700K) and day light (5000K) color temperatures. The Cree LED light
bulb (40-watt incandescent replacement) delivers 450 lumens and
consumes only 6 watts and is available in 2700K color temperature.
All products are available exclusively at The Home Depot. Please visit www.creebulb.com to purchase the bulbs online today.
* Based on Cree LED bulb 60-watt replacements at 9.5 watt, $0.11 per
kilowatt-hour, 25,000 hour lifetime and average usage of 6 hours per
Cree is leading the LED lighting revolution and making energy-wasting
traditional lighting technologies obsolete through the use of
energy-efficient, mercury-free LED lighting. Cree is a market-leading
innovator of lighting-class LEDs, LED lighting and semiconductor
products for power and radio-frequency (RF) 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 RF devices. Cree products are driving
improvements in applications such as general illumination, electronic
signs and signals, power supplies and solar inverters.
For additional product and company information, please refer to www.creebulb.com/ca.
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 could
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 with acceptable margins; the risk that we the
risk we may encounter delays or other difficulties in ramping up
production of our new products; the risk that actual savings from 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 our filings with the Securities and Exchange Commission (SEC),
including our report on Form 10-K for the fiscal year ended June 24,
2012, and subsequent filings.
Cree® is a registered trademark, and Filament Tower™ and The Biggest Thing
Since the Light Bulb™ are trademarks of Cree, Inc.
The Home Depot® is a registered trademark of Homer TLC, Inc.
SOURCE: Cree Inc.
For further information: