Cree to Open New Subsidiary Headquarters in Hong Kong Science and Technology Park
DURHAM, N.C. and HONG KONG, Sept. 8 /PRNewswire-FirstCall/ -- Hong Kong Science and Technology Parks Corporation and Cree, Inc. (Nasdaq: CREE) today announced that Cree Asia-Pacific Limited will open its new headquarters at the Hong Kong Science Technology Park on September 12, 2005. Cree Asia-Pacific Limited is a wholly owned subsidiary of Cree that was formed to provide greater customer and technical support, and serve as Cree's center of product innovation in Asia. The company will host a dedication ceremony to introduce its Asian customers and prospective customers to the new staff and facility. "Cree has focused significant sales efforts during the past several years toward the large and dramatically growing LED community in Asia. Cree Asia- Pacific is now investing in a new headquarters facility and expert personnel to deepen Cree's commitment to its Asian customers," notes Mike Dunn, managing director of Cree Asia-Pacific and a Cree vice president. "We are inviting current and prospective customers to visit our new offices to meet our technical and customer support managers." "The decision to locate the Cree Asia-Pacific headquarters in Hong Kong Science and Technology Park shows both the importance of having regional support for technical products, in this case packaged LED lighting components, and the importance of convenient, attractive facilities," noted C.D. Tam, Hong Kong Science and Technology Parks Corporation chief executive officer. "Cree Asia-Pacific expects to expand its offices to include additional business units in the near future and we look forward to assisting with this process." Alex Chen, executive manager, and Michael Leung, technical manager, will oversee the Cree Asia-Pacific headquarters. Mike Dunn and Cree CEO Chuck Swoboda will be among the U.S.-based Cree executives participating in the special office dedication celebration September 12 at the new headquarters located at Suite 309-310, 3/F., Building 9, Hong Kong Science Park, No. 5 Science Park West Avenue, Shatin, New Territories, Hong Kong. Additional information about Cree Asia-Pacific Limited and the dedication and demonstration events can be obtained by calling Cree in the U.S. at +919-313-5300 or Cree Asia-Pacific Limited in Hong Kong at +852 3602 9000. About Cree, Inc. Cree, Inc. is an advanced semiconductor company that leverages its expertise in silicon carbide (SiC) and gallium nitride (GaN) materials technology to produce new and enabling semiconductors. The products include blue and green light emitting diodes (LEDs), packaged LEDs, power switching devices and radio frequency (RF) and microwave devices. The company is currently developing near ultraviolet lasers. Targeted applications for the company's products include solid-state illumination, power switching, wireless infrastructure and optical storage. Cree understands the important convergence of science, technology and creativity, placing high value on ideas, as well as the energy and ability of its people. For more information on Cree, please visit www.cree.com. About Hong Kong Science and Technology Parks Corporation Hong Kong Science and Technology Parks Corporation is a statutory body set up by the Government of the Hong Kong Special Administration Region. Its mission is to provide quality infrastructure and support facilities for innovation and technology development in electronics, biotech, precision engineering and IT/telecom industries and the upgrading of manufacturing and services industry capabilities; full-service incubation programs for technology start-ups; and foster partnership and collaboration between industry and universities/applied research institutes through consulting, training and research programs. 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, including the possibility that the office will not expand as planned or at all; and other factors discussed in Cree's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2005 and subsequent reports filed with the Commission. Cree and the Cree logo are registered trademarks of Cree, Inc.
SOURCE Cree, Inc.
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