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Cree Completes Acquisition of COTCO Luminant Device
Durham, NC — Cree, Inc. (Nasdaq: CREE) has completed the acquisition of privately held COTCO Luminant Device Limited ("COTCO"), headquartered in Hong Kong.

The acquisition of COTCO, an important supplier of high-brightness LEDs in China, provides Cree with strategic access to this important and fast-growing solid-state lighting market. It also will provide Cree with a low-cost manufacturing platform and will help Cree to leverage its investments in LED chip technology and intellectual property, as well as its investments in sales and marketing to offer more value-added products in key markets for high-performance LED-based screens, signage and lighting.

For more information, contact: Cree Inc., 4600 Silicon Dr., Durham, NC 27703 919-313-5300 fax: 919-313-5558 Web: http://www.cree.com

 

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