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Cree Closes on the Sale of Cree Lighting to IDEAL INDUSTRIES, Inc.

DURHAM, N.C., May 13, 2019 — Cree, Inc. (Nasdaq: CREE) announced today that it has completed the sale of its Lighting Products business unit (“Cree Lighting”) to IDEAL INDUSTRIES, Inc. The transaction includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. The transaction, which was previously announced on March 15, has closed and is effective today. “This represents a pivotal chapter for Cree as we sharpen our focus to become a semiconductor powerhouse in silicon carbide and GaN technologies,” said Gregg Lowe, CEO of Cree.”Cree’s technologies are helping to power major transitions in...
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New C-Lite LED Lighting by Cree Offers Easy Choice for Contractors and Distributors

DURHAM, N.C. — Cree (Nasdaq: CREE) announces C-Lite™ LED Lighting by Cree (C-Lite), a portfolio of LED lighting products that offers electrical distributors and contractors a broad range of stock and flow items with the energy efficiency and performance they expect.  The new portfolio complements market-leading Cree® and Essentia® by Cree branded lighting products, making available high performance Cree-backed products across market segments. “C-Lite™ LED Lighting expands Cree’s offering by providing high performance, go-to LED lighting that addresses the specific needs of contractors,” said Daniel Castillo, president, Cree lighting. “Broadening our product offering with the new C-Lite™ portfolio offers a...
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