Lowa-based Diamond Jo Casino, a gambling establishment located on the popular Port of Dubuque, recently installed energy-efficient LED lighting by Cree, Inc. (NASDAQ: CREE). The casino upgraded its existing lighting to Cree’s LRP-38™ LED spotlights throughout the 188,000 square foot entertainment facility, including the gaming floor, hallways, reception and meeting rooms. “By upgrading our casino with energy-efficient LED lighting we are continuing our commitment to saving money, sustainable practices and improving the quality of life in ...

Cree, Inc., a market leader in LED lighting, today announced it will webcast its presentation at four upcoming events. Chuck Swoboda, Chairman and Chief Executive Officer, will provide a company overview at Cree’s Fiscal Year 2011 Annual Meeting of Shareholders on Tuesday, October 25th, at 10:00 am ET. John Kurtzweil, Executive Vice President and Chief Financial Officer, will provide a company overview at the following conferences:     * The Lazard Capital Markets 4th Annual LED Day on Thursday, November 3, at 12:45 p.m. E...

The LED market is facing significant headwinds of late. The current downturn in the LED market is largely due to reduced prices for LED-based TV backlight and lighting systems. This is because of inventory adjustments, and increased competition from more backlight makers entering the LED market. The Bedford Report examines the outlook for companies in the semiconductor industry and provides stock research on Cree and Veeco Instruments. According to IMS' research, backlighting, which ranges across consumer electronics such as flat panel TVs and cell phones,...

Cree has announced revenue of $269.0 million for its first quarter of fiscal 2012, ended September 25, 2011. This represents a 0.2% increase compared to revenue of $268.4 million reported for the first fiscal quarter last year and a 11% increase compared to the fourth quarter of fiscal 2011. GAAP net income for the first quarter of $12.8 million, or $0.11 per diluted share, decreased 78% year-over-year compared to GAAP net income of $58.0 million, or $0.53 per diluted share, for the first quarter of fiscal 2011. On a non-GAAP basis, net income for the first quarter of ...

Cree's XLamp® XP-G LED Now Delivers 140 Lumens per Watt in Production... LED lighting leader, Cree, Inc. (Nasdaq: CREE), continues to extend the advantage of its innovative, industry-leading XLamp® LED family with the announcement of new levels of performance for its highly efficient XLamp XP-G LEDs, now delivering up to 140 lumens per watt. The proven XP-G LED can help lighting manufacturers reduce system cost and complexity and can make existing designs brighter and more efficient. By leveraging the popular XP-G LED for...

Industry's First Complete Testing Service Helps Lighting OEMs Speed Time-to-Market and Overcome Common Design Challenges Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the commercial availability of TEMPO(TM) Services, a comprehensive set of quantitative and qualitative tests and analyses for LED-based lighting fixtures and lamps. TEMPO (Thermal, Electrical, Mechanical, Photometric and Optical) Services represent the accumulated advantage of Cree's extensive experience with customer LED systems combined wit...

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces its entire family of LED-based troffer replacements, including the latest Cree CR series of troffers, have been qualified by the DesignLights Consortium™ (DLC), ensuring they meet the highest level of quality standards. Cree’s CR14™, CR 22™ and CR24™ troffers, along with the LR24™ and LR24-HE troffers, are the most efficient and have the highest CRI of any products rated in the DLC “Linear Panel” categories. A collaboration of ut...

Energy Costs Reduced by Nearly 67 Percent with Cree XLamp® LEDs at California Waste Connections Facility In a move to improve lighting quality and safety at its Cold Canyon Material Recovery Facility (MRF) in San Luis Obispo, Calif., Waste Connections, Inc. (NYSE: WCN) upgraded its lighting system with Cree-powered Xeralux LED high-bay fixtures. The Xeralux fixtures feature Cree (Nasdaq: CREE) XLamp® XP-G LEDs, helping Waste Connections reduce its energy costs by almost two-thirds and nearly eliminating its maintenance c...

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced it will webcast its presentation at an upcoming conference. John Kurtzweil, executive vice president and chief financial officer, will provide a company overview at the following conference:  * The J.P. Morgan Third LED General Lighting Symposium on Thursday, September 8, at 12:20 p.m. EDT. A webcast of the presentation will be available live and by replay. To access both the live and archived webcasts, as well as the slide presentation used during the conference, please go to ...

Cree Inc. acquires all outstanding stock of LED outdoor lighting firm, Ruud Lighting Inc. for approximately Rs.2,354.26 crore ($525 million). The acquisition involves Rs.1,668.16 crore ($372 million) in cash, Rs.946.19 crore ($211 million) in stock (valued at the market closing price of Rs.1,557.85 ($34.74)/share), Rs.381.17 crore ($85 million) paid concurrently with the acquisition to retire outstanding debt, offset by tax benefits. Cree is taking another bold step in leading the LED lighting revolution. According to Cree, the acquisition will allow the company to ...

Cree recently announced that it buys LED outdoor lighting supplier Ruud Lighting Inc. in a cash and stock worth about $525 million. It would accelerate adoption and expanding the market for Cree’s LED systems and components. Cree is taking another bold step in leading the LED lighting revolution, creating a company that has an unrivaled focus and commitment to driving LED lighting adoption. Ruud Lighting will continue to be based in Racine, Wis., and will operate as a subsidiary as part of Cree's lighting business, Cree said. Alan Ruud, chairman and...

FuturoLighting, a new company focused on LED lighting solutions, introduces Aurora a fully autonomous, motion detecting, lighting application which uses Cree’s latest XLamp® ML-E LED.  Due to its immediate light output and no lifetime limitation due to switching, Aurora offers advantages over traditional incandescent and fluorescent light sources as well as improved reliability due to its solid-state construction.    Aurora has a simple setup using its microcontroller with integrated high resolution control over light output levels, ambient light ...

Cree, Inc., a market leader in LED lighting, today announced the acquisition of Ruud Lighting, Inc., a leader in LED outdoor lighting, at an estimated net cost of approximately $525 million. Combining two highly complementary LED innovators, the acquisition allows Cree to extend its leadership position and increase the adoption of energy-efficient LED lighting. The companies’ shared focus on best-in-class LED-based systems has led to thousands of LED lighting installations over the past several years. This acquisition creates a market leader for indoor and...

Cree has made a one-off light bulb technology demonstrator, pulling out all the stops to exceed performance goals set by the US Department of Energy (DOE) for its '21st century lamp' concept, writes Steve Bush. Made by the firm's research and development team, the lamp delivers more than 1,300 lumens at 152 lm/W with good colour rendering and warm white emission. "Not long ago, fixture efficacy of 100+ lm/W was impossible, but Cree is shipping fixtures at 110 lm/W today," said Cree co-founder Neal Hunter, "We calculate that if fully deploy...

FZLED revealed an impressive new range of 12-Watt LED Bulbs, each harnessing the power of seven long-lifetime high-power Cree LEDs. The PAR30-03 series offers both switch dimmable and TriAC dimmable options. It's a simple money-saving replacement for inefficient older lights in E26/E27 sockets. FZLED's PAR30-03 stands out from the crowd with universal compatibility and options for every customer.

Annual Revenue increased 14% to a record $988 Million Annual Net Income was $147 Million Cree has announced revenue of $243.0 million for its fourth quarter of fiscal 2011, ended June 26, 2011. This represents an 8% decrease compared to revenue of $264.6 million reported for the fourth fiscal quarter last year and an 11% increase compared to the third quarter of fiscal 2011. GAAP net income for the fourth quarter of $19.8 million, or $0.18 per diluted share, decreased 63% year-over-year compared to GAAP net income of $52.8 million, or $0.48 per diluted share, for the fo...

12th annual conference takes place October 24-26 to San Diego, CA Hundreds of lighting professionals will gather at the 12th installment of IntertechPira’s industry leading LEDs conference and exhibition to hear from Cree, OSRAM, Philips and more.  LEDs 2011: Bringing Lighting to Life will be held at the Hilton San Diego Resort & Spa from October 24-26, 2011 in San Diego, California, US and will provide three full days of coverage of the latest technology, applications and end uses, lighting design and luminaires and market expectations an...

Cree revealed a new LED light bulb that boasts the same output as a 75-watt incandescent bulb while consuming about one tenth of the electricity. The bulb produces 152 lumens, producing around 1,300 lumens using Cree’s new “TrueWhite” technology, exceeds the performance goals set by the U.S. Department of Energy’s L Prize competition. They could reduce energy usage in the United States by 16.5 percent. Cree did not indicate how much the new light bulb would cost. In general, LED lighting is still much too expensive for typical consumers ...

Recently, Cree has revealed a new XLamp XT-E Royal Blue LED, which is optimized for use in remote-phosphor lighting and other applications with similar requirements. XLamp XT-E Royal Blue LED Cree says its new XLamp XT-E LED delivers the industry’s tightest wavelength bins to simplify remote-phosphor designs and lower system costs. What’s more, Cree is announcing a remote-phosphor-component patent licensing program, providing access to Cree’s pioneering remote-phosphor patents. The program is to drive the LED lighting revolu...

Optimizes System Design to Lower System Cost Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces commercial availability of a new XLamp? XT-E Royal Blue LED optimized for use in remote phosphor lighting and other applications with similar requirements. The new XLamp XT-E LED delivers the industry's tightest wavelength bins combined with category-leading brightness to simplify remote phosphor designs and lower system costs. In addition, Cree announces a remote phosphor component patent licensing program that provides access to ...

FZLED, maker of high-performance LED lighting products, today reveals a stunning new range of 22-Watt LED Spotlights featuring cutting edge long-lifetime high power Cree LEDs. The PAR38-03 series is a simple money-saving plug-and-play replacement for inefficient traditional lights in E27/E26 sockets. Options include both switch dimmable and non-dimmable versions, with a clear or frosted lens. FZLED's PAR38-03 series is the clear lighting choice for all interior locations with a choice of both a warm white (FZL-PAR38-03-WW-22) and a cool white (F...

Continued Innovation Results in Lamp That Delivers More than 1,300 Lumens at 152 Lumens Per Watt Full Deployment of Lighting this Efficient Could Reduce U.S. Energy Consumption by 16.5%, Equivalent to 1987 Levels Demonstrating the future of lighting, Cree,Inc. (Nasdaq: CREE) today unveiled a concept LED light bulb from its lighting research and development team. Redefining what is possible with high-performance LED lighting, the lamp delivers more than 1,300 lumens at 152 lumens per watt (LPW) using Cree TrueWhite® Technology. Cree'...

First Cree LED Lighting Fixture Designed for International Markets Replaces MR16 Downlights, Delivers Rapid Payback, Highest CRI and Lowest Power Consumption Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the industry’s first system-level LED downlight for the international 80 to 100mm MR16 market. A direct replacement for the 50-watt MR16-based fixture, the Cree CR100™ downlight surpasses its antiquated counterpart in brightness and efficacy. Commonly used in residential and retail lighting applications, Cr...

Magnalight has inrtoduced its LEDPB10W-240X2E LED light bar using twenty-four Cree XLamp MC-E LEDs for boating and sailing applications. The new product produces 20,640 lumens of intensely bright light output in a compact housing size. IP68 rated and waterproof to 3 metres, the  LEDPB10W-240X2E LED light bar is designed to resist the destructive effects of salt water and the elements, and is made of extruded aluminium with an unbreakable LEXAN lens and stainless steel mounting hardware for extreme durability and resistance to the usual corro...

GE Lighting engineers and scientists are developing a 60-watt replacement LED bulb that meets the specifications for the Department of Energy’s Bright Tomorrow Lighting (L Prize) competition. GE recently submitted a Letter of Intent to the Department of Energy to enter the competition.    “The objective of our product research and development is simple,” says Steve Briggs, vice president of marketing and product management, GE Lighting Solutions, LLC. “We exist to create advanced lighting solutions based on customer needs and ...

Cree recently has introduces a new seven 1200V Z-Rec™ silicon carbide (SiC) Schottky diodes to advance the adoption of silicon carbide power devices into mainstream power applications. Cree Z-Rec diodes feature zero reverse recovery, resulting in up to a 50% reduction in switching losses versus comparable silicon diodes. They also exhibit consistent switching performance across their entire temperature range. When used in conjunction with Cree’s recently-introduced 1200V SiC power MOSFETs, these SiC Schottky diodes enable the implementation of all-Si...

US President Barack Obama has taken a visit to Cree on June 13. During his visit, President Obama made remarks to a crowd of Cree employees. In his remarks, President Obama stated, "So today the small business that a group of N.C. State engineering students founded almost 25 years ago is a global company…Next month, your new production line will begin running 24/7. So you're helping to lead a clean energy revolution. You're helping lead the comeback of American manufacturing. This is a company where the future will be won." Obama also jo...

Reportedly, GT Solar predicts its sapphire materials business will contribute about a tenth of its fiscal 2012 sales based on orders for general lighting applications pick up. According to Cree's CEO’s opinion at the Reuters Global Energy and Climate Summit, LED lights need to pay back hefty investments a lot quicker before they go mainstream. In opposite, GT Solar's CEO Tom Gutierrez, believes that as more capacity is brought on board, prices will fall, helping sales. In his opinion, the company's customers, centered in South Korea and C...

Reportedly, US President Obama will visit LED lighting manufacturing headquarters of Cree on June 13th. The President will tour Cree's manufacturing facilities, deliver remarks and meet with the Jobs Council to discuss initiatives and policies to spur economic growth, promote job creation and accelerate hiring across the nation....

Reportedly, The US Department of Energy (DOE) has awarded another $14.8 million in funding for development projects aimed at advancing solid-state lighting technologies. Major recipients of the new awards include Veeco, the India-headquartered manufacturing giant Moser Baer Technologies, Cree and Philips Lumileds. Veeco will receive $4 million and its project focuses on the introduction of an aluminum nitride layer into the LED epiwafer structure, to act as a buffer between the light-emitting layers of the device and a silicon substrate. Moser Baer will get $2....