BEIJING, Sept. 8, 2009 (GLOBE NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, and the China Associate of Lighting Industry (CALI) announce that the first Cree Cup - Creative LED Lighting Design Contest has officially launched in Mainland China, Hong Kong, Macau and Taiwan. The contest, the first of its kind among university students in these regions, seeks to cultivate innovation and support promising talent in the field of LED lighting design.
"LED lighting is an important element of China's energy-efficient future," said Greg Merritt, Cree vice president of corporate marketing. "This is part of our strategy to accelerate the adoption of LED lighting."
Jointly sponsored by CALI and Cree, the contest brings together executives from CALI, Cree and Shanghai Optoelectronics Trade Association (SOTA), as well as senior professors from various universities, including Tsinghua University, Tongji University and Tianjin Polytechnic University to serve as the official organizing committee. The committee anticipates that the contest will draw responses from approximately 1,000 students in more than 30 universities. Entry registrations are now being accepted for the contest, and the registration deadline is September 30.
About Cree
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications.
Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, variable-speed motors, and wireless communications.
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This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including customer acceptance of LED products, the rapid development of new technology and competing products that may impair demand or render Cree's products obsolete; and other factors discussed in Cree's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 28, 2009, and subsequent filings.