Cree, Inc. (Nasdaq: CREE) has signed an agreement with Innovative LED Technologies, S.L. to distribute Cree XLamp power LEDs in Spain and Portugal.
“Innovative LED Technologies has an international team with an impressive collective experience in LED technology. They represent a significant addition to our European distribution network,” said Mark McClear, Cree director of marketing for lighting LEDs. “Their team’s expertise with high-power LEDs and relationships with some of the most significant lighting and design companies in their region will help us to increase XLamp power LEDs penetration in important lighting applications and installations throughout those countries.”
“We’re seeing increased market demand for the advanced brightness levels, small form factors, and lower dollars per lumen that Cree’s high-power XLamp LEDs provide,” said Dave Simpson, product manager at Innovative LED Technologies. “We look forward to assisting our customers in evaluating and designing products that leverage Cree’s industry-leading LED technology.”
About Innovative LED Technologies, S.L.
Innovative LED Technologies is a newly created company, based in Gava, Barcelona, Spain, dedicated to the distribution of XLamp LEDs throughout Spain and Portugal.
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