Cree developments

karlthev

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Cree and Zumtobel Announce Strategic Agreement for LED Downlights in Europe
October 08, 2008
Is this posting permitted? Hope so....


Karl


Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces a long-term strategic agreement with the Austrian Zumtobel Group, a global market leader in the professional lighting industry and listed on the Vienna stock exchange, to supply LED downlights to the European market. The minimum first-year sales target is 50,000 LR6-230V luminaires. This accelerates the business relationship, which is anticipated to expand into other high-volume lighting categories in 2009.
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