美国科锐宣布与中国三安光电成立中功率LED合营公司2017-04-26 科锐中国 科锐中国Cree Inc. Announces Mid-Power LED Joint Venture with San’an Optoelectronics Co. Ltd.美国科锐宣布与中国三安光电成立中功率LED合营公司DURHAM, N.C., April 25, 2017 — Cree, Inc. (Nasdaq: CREE) announces it is forming a joint venture with San’an Optoelectronics Co., Ltd. (SHA: 600703) to produce and deliver to market high performing, mid-power lighting class LEDs packaged products in an exclusive arrangement to serve the expanding markets of North and South America, Europe and Japan, and serve China and the rest of the world on a non-exclusive basis.科锐于2017年4月25日于美国北卡州宣布，美国科锐会与中国三安光电股份有限公司成立合营公司，经营中功率LED封装产品，科锐会负责这合营公司在美洲、欧洲及日本市场的独家推广及销售，同时亦会在中国及其它市场进行非独家的推广及销售。The new joint venture, Cree Venture LED Company, Ltd., will bring together the technology and brand leader in lighting class LEDs with a world class LED supplier. Leveraging Cree’s superior portfolio of patents and global sales channels, this joint venture will bring to market a broad portfolio of high performance mid-power products to serve the fast growing, $4 billion global mid-power LED market. With this agreement, Cree’s LED business is now able to serve the broader needs of the general illumination (indoor and outdoor lighting), horticultural and other evolving LED markets.这新的合营公司“Cree Venture LED Company Limited”会集合两家公司在通道、专利、生产及品质的强项，带给市场最新最强及最完整中功率LED 封装产品，以对应全球40亿美元的中功率LED封装产品市场，通过整合这合营公司的中功率产品，科锐可以提供一个完整的产品线来服务户内户外通用照明市场、植物照明及其它不断变更的照明市场所需。“This joint venture builds on both companies’ leading product and channel capabilities to give Cree the ability to provide our LED customers a complete range of high-power and mid-power LED products to serve a broad range of markets and applications,” said Chuck Swoboda, Cree President and CEO.科锐主席及行政总裁Chuck Swoboda说：“这合营公司建基于两家公司在产品、品牌及通道的强项，以令科锐可提供完整的从高功率到中功率LED 产品的产品线，以对应不同的产品应用所需。”“The addition of the mid-power LED products in this new joint venture to Cree’s industry-leading high-power products gives us an unparalleled LED portfolio,” stated Dave Emerson, Cree LEDs senior vice president and general manager. “With our LED systems expertise, customers are able to work with our existing channels to find the best LEDs for their applications.”科锐高级副总裁兼LED事业部总经理Dave Emerson说：“科锐现有高功率产品，加上这合营公司所带来的中功率产品，将使科锐的LED 产品线达到业界无人能及的宽度，再加上科锐在LED照明系统的领先地位，我们的客户将可由科锐的现有通道获得最好及最完整的产品支持。”Located in Hong Kong, Cree Venture LED Company, Ltd. will be led by TK Ong, General Manager, who brings to the joint venture extensive experience in the LED market, and will be governed by a Board of Directors with members from both companies. Cree will own 51 percent of the joint venture, and San’an will own 49 percent of the joint venture.这合营公司将设在香港，科锐控股51%，三安控股49%，由拥有丰富LED产业经验的汪德贵出任合营公司总经理，并向董事会汇报，董事会由双方委派人员出任。Cree and San’an will be working in the coming months to incorporate, fund and commence operations of the joint venture, and are targeting initial product sales by the joint venture in the third calendar quarter of 2017. Cree will receive royies from the joint venture on its patent portfolio.科锐及三安将会在未来几个月，就双方出资及营运等进行更详尽的协商，目标在2017年三季开始营运。美国科锐将向合营公司有偿授权使用有关 LED 专利。Visit www.cree.com for more information.更多信息，敬请浏览www.cree.comAbout Cree, Inc.: Cree is a leading innovator of lighting-class LEDs, lighting products and wide bandgap semiconductor products for power and radio frequency (RF) applications. Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, SiC materials, power devices and RF devices. Cree’s products are driving improvements in applications such as commercial and consumer general illumination, video screens, electronic signs and signals, motor drives, power supplies, EV charging, solar, traction, transportation, radar, communications, telecom, data link and broadband amplifiers.Please refer to www.cree.com for additional product and Company information.Forward Looking Statements: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 in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the potential timing or consummation of the proposed joint venture or the anticipated benefits thereof, including future financial and operating results. Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that the completion of the joint venture may be delayed or may not occur; the ability to obtain required governmental approvals, if any; the risk that one or more of the conditions to closing of the transaction may not be satisfied; the possibility that anticipated benefits of the proposed transaction will not be realized; potential business uncertainty, including changes to existing business relationships that could affect Cree's financial performance; price competition in key markets; the risk that the joint venture will not be able to develop its customer base and accurately anticipate demand from customers, which can result in increased inventory and reduced orders; the risk that the joint venture is unable to achieve the targeted lower production costs, and therefore the joint venture experiences lower margins; product mix; risks associated with the ramp-up of operations and sourcing of products for the joint venture, and Cree’s entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that the joint venture’s products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with the potential recall of such products; the risk that our equity method investments such as the joint venture may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk that Cree will have an increasingly complex supply chain and its ability to scale to enable maintaining a sufficient supply of products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as customers may defer purchases or payments, or default on payments; risks associated with acquisitions, divestitures or investments generally; the rapid development of new technology and competing products that may impair demand or render the joint venture’s products obsolete; the potential lack of customer acceptance for the joint venture’s products; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10-K for the fiscal year ended June 26, 2016, and subsequent reports filed with the SEC. These forward-looking statements represent Cree's judgment as of the date of this release. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC, Cree disclaims any intent or obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.Cree® is a registered trademark of Cree, Inc.

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