The new agreement is the largest sales contract signed in Cree’s history.
Chuck Swoboda, Cree’s President and CEO commented, The Cree and Osram relationship continues to grow as we are able to build on the benefits of SiC and GaN-based LEDs in the marketplace. As we continue to develop our LED technology and introduce increased brightness levels while improving price/performance, we believe that we will be able to continue to penetrate new and emerging applications.
