Cree, Inc. (CREE) Announces Large Lighting Order from the Pentagon

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January 6, 2009 5:29 PM EST

Cree, Inc. (Nasdaq: CREE) announces that more than 4,200 LR24 recessed LED luminaires are planned for installation in Wedge 5 of the Pentagon as part of a major renovation currently underway. In a signing ceremony today at the Pentagon, John J. Kubricky, Deputy Under Secretary of Defense for Advanced Systems and Concepts, and Albert C. Ellet, acting director of the Washington Headquarters Service responsible for overseeing the renovation, signed an intra-departmental Memorandum of Agreement kicking-off the initiative to install LED lighting in the Pentagon.

The Cree LR24 luminaires have undergone extensive government testing and business-case analysis, including a preliminary Pentagon installation to meter the fixtures and compare the results to the alternative fluorescent technology. This independent analysis demonstrated a 22-percent reduction in energy usage and improved light quality.

Cree, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide (SiC), gallium nitride (GaN) and related compounds.[SM]