Nomura analyst Anne Lee said, “That’s China’s strategy. In this restructuring, they want their biggest companies to survive.”
Baoen Zhong, Deputy Secretary-General of Shenzhen LED Industry Federation, said: “China’s monetary policy is not enough support to give small and medium-sized enterprises. We will see more business failures.”
Cree continually pushes the limits on LED lighting innovation,” said Doug Knisely, director of building and petroleum construction, Sheetz, Inc. “The new warranty further validates our decision to use Cree LED lighting. Industry leading energy efficiency, lifetime performance and quality make Cree LED lighting a smart choice.”
Cree is a leading innovator of LED chips, components and lighting and has over 20 years of experience in commercial LED development. Through this experience, Cree brings an unprecedented level of expertise to all components of the LED lighting design and development process, enabling this level of warranty.
“With leading LED research and development, a strong financial balance sheet and some of the industry’s longest-running field LED lighting installations, the new 10-year limited warranty underscores Cree’s commitment to the long-term performance and reliability of our products,” said Ty Mitchell, executive vice president, lighting, Cree. “Added to the energy savings LEDs offer over traditional technologies, this warranty is a win-win for everyone.”
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