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Cree to supply LED downlights to Europe

Posted: 10 Oct 2008 ?? ?Print Version ?Bookmark and Share

Keywords:LED supply? Europe market? lighting market?

Cree Inc. has entered a long-term strategic agreement with the Zumtobel Group 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.

The products under the agreement are European versions of Cree recessed downlights. They will be sold exclusively under two brands of the Zumtobel Group, Thorn and Zumtobel, in more than 40 countries throughout Europe and selected export markets.

"Cree provides us with a unique source of technological knowledge and leadership," said Andreas Ludwig, Zumtobel Group CEO. "By integrating this innovative LED luminaire into our portfolio, we are securing a significant technological edge."

"This strategic agreement is targeted to accelerate the LED lighting revolution across Europe by providing customers with energy-efficient and long-lasting products that save energy, save money and help protect the environment," said Chuck Swoboda, Cree chairman and CEO.

The LR6-230V downlight consumes just 12W of power, while delivering light of equivalent output and color quality to a 75W incandescent lamp and lasting up to 50x longer. It is designed to last more than 20 years in homes and 10 years in businesses under normal use. Compared to compact fluorescent lamps Cree's downlight uses 50 percent less energy, lasts up to five times longer and contains no mercury.

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