DURHAM, N.C., Aug. 10, 2007 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market-leader in LED solid-state lighting components, today announced that its COTCO International Limited subsidiary has been honored by the Hong Kong and Shanghai Banking Corporation with the HSBC Living Business Award Certificate of Excellence. The certificate recognizes COTCO's contributions to the environment and to the local community in Hong Kong. Cree and its COTCO subsidiaries are global leaders in the development and production of energy-efficient LED products and technologies that significantly reduce energy consumption in lighting applications.
The HSBC Living Business program helps commercial enterprises become more competitive and productive by implementing socially and environmentally responsible business practices. With the support of the Business Environmental Council and the Hong Kong Council of Social Service, the HSBC Living Business Awards recognize organizations that have made outstanding contributions to long-term business employing responsible practices.
"COTCO is committed to environmental protection, community service and overall management quality and effectiveness," notes Scott Schwab, managing director of Cree Asia Pacific. "We continually strive to ensure that Cree and COTCO LED products are Earth-friendly, and that our business practices are designed for the long-term benefit of the communities in which we do business."
COTCO International Limited is a subsidiary of COTCO Luminant Device Limited, acquired by Cree earlier this year.
About Cree, Inc.
Cree is a market-leading innovator and manufacturer of LEDs and power and wireless semiconductors that are driving the solid-state lighting revolution as well as providing significant energy and cost savings in power management and wireless communications markets.
Key to Cree's market advantage is its world-class materials expertise in SiC and GaN for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter, energy-efficient light for general illumination, backlighting for laptop, cell phone and PDA monitors and keypads, optimized power management for high-current, switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications.
Cree customers range from innovative lighting fixtures makers to defense-related federal agencies. Cree's product families include blue and green LED chips, lighting LEDs, power-switching devices and radio-frequency/wireless devices. For product specifications please refer to www.cree.com.
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Cree is a registered trademark of Cree, Inc. and COTCO is a registered trademark of COTCO Luminant Device Limited.