Cree Products Featured in Video Displays at Republican National Convention
DURHAM, N.C., Aug. 2 /PRNewswire/ -- Three large light emitting diode (LED) display screens incorporating Cree, Inc.'s (Nasdaq: CREE) blue and green LEDs are featured as the backdrop to the on-stage speakers at the Republican National Convention this week in Philadelphia, Pennsylvania. The screens consist of one center screen, measuring 23' x 17.5', and two outer screens, each measuring 12.6' x 9.5'. The total number of blue and green LEDs incorporated in the screens approximate 1.2 million.
Neal Hunter, Chairman and CEO of Cree, stated, "The use of LED technology in displays is becoming more widespread. Cree's high brightness LEDs are well suited for these applications because of their increased efficiency and low price."
Tony Van de Ven, President and CEO of Lighthouse Technologies, manufacturer of the screens, commented, "We are experiencing an increased demand for large indoor and outdoor full color displays that use LEDs due to the superior brightness over existing technologies, the flat panel construction, and the true-to-life vibrant colors exhibited in the display. Many venues are using these screens to provide full color images and improved visibility."
North Carolina-based Cree, Inc. is the world leader in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide (SiC). The company uses proprietary technology to make enabling compound semiconductors such as blue and green LEDs, SiC crystals used in the production of unique gemstones and SiC wafers that are sold for device production and research. Cree has new product initiatives based on its expertise in SiC, including radio frequency and microwave transistors for use in wireless infrastructure applications and radar, blue laser diodes for optical storage applications and high power devices for power conditioning and switching. For more information on Cree, visit cree.com .
This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated. Actual results could differ materially due to a number of factors, such as the rapid pace of development of new electronics and display technologies; the risk of price reductions or other actions by competitors; and other factors discussed in our filings with the Securities and Exchange Commission, including our report on Form 10-K for the year ended June 27, 1999, subsequent quarterly reports and our registration statement on Form S-3 filed January 3, 2000, as subsequently amended.
SOURCE Cree, Inc.
CO: Cree, Inc.
ST: North Carolina, Pennsylvania
IN: CPR TLS
SU: CPN
08/02/2000 08:04 EDT prnewswire.com |
