Press release from Business Wire
Cree Lights Way to Savings for Geneva, N.Y. Tops Friendly Markets
<p class='bwalignc'> <i>New Grocery Location Saves Energy and Maintenance Costs with Cree</i><sup><i>®</i></sup><i> LED Lighting</i> </p>
Tuesday, April 09, 2013
Cree Lights Way to Savings for Geneva, N.Y. Tops Friendly Markets09:00 EDT Tuesday, April 09, 2013
DURHAM, N.C. (Business Wire) -- Tops Friendly Markets, a leading full-scale grocery retailer in the northeast United States, recently selected energy-efficient LED lighting by Cree, Inc. (Nasdaq: CREE) to illuminate its 51,364-square-foot store in Geneva, N.Y. The store, which opened in November 2012, features Cree® CS18™ luminaires and CR24™ trofferslighting the aisles, specialty departments and pharmacy for an estimated energy savings of 70 percent over the T5 fluorescent lighting that Tops Markets had previously installed.
“Tops Markets has always been progressive in designing energy efficiency into its store. When we heard about the Cree CS18 linear luminaire, we conducted a test installation in Buffalo and the results were excellent,” said Dan Jaskza, energy consultant for Tops Markets. “Not only did the Cree LED lighting product offer us 70 percent energy savings [over the previous T5 fluorescent design], but also improved lighting quality without compromising lighting levels.”
Featuring Cree TrueWhite® Technology, Cree CS18 and CR24 architectural troffers provide exceptional color rendering, helping to improve the visual shopping experience by making the merchandise colors more vibrant and appealing. In addition, the Cree CS18 troffers solve the need for strong vertical light levels when mounted on the store's 13-foot ceiling.
“Consistent, high-quality light levels from top to bottom of the shelf are a critical need for retailers as they look to enhance the overall shopping experience,” said Mike Bauer, vice president of lighting sales, Cree. “The CS and CR troffers deliver the lighting quality Tops Markets desires, with the added benefits of low-maintenance and energy efficiency – ultimately supporting the bottom line.”
Designed to offer up to 100,000 lifetime hours, Cree CR24 troffers help Tops Markets reduce energy consumption by offering dimming capabilities – key considerations for the 24-hour store. In addition to savings achieved through dimmable light levels and decreased maintenance costs, the Cree LED troffers are backed by a 10-year limited warranty. Tops Markets estimates the Cree system will pay for itself within two-and-a-half years.
“For any supermarket operator today, whether they are building a new store or implementing an upgrade, Cree LED lighting is a must-do solution,” Jaszka continued. “It offers energy savings, quality of light and is also fantastic in terms of maintenance reduction.”
A second Tops Markets location featuring Cree CS18 luminaires and round interior pendants is currently under construction. Tops Markets has plans for an additional three stores in 2013, adding to its 153 full-service supermarkets in New York, Pennsylvania and Vermont.
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio-frequency (RF) applications.
Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters.
For additional product and company information, please refer to www.cree.com/lighting.
Please visit www.cree.com/lighting/grocery/topsmarkets for more information on the Tops Markets installation.
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. Actual results may differ materially due to a number of factors, including the risk that Tops Markets plans may change resulting in lower product sales; the risk that actual savings will vary from expectations; customer acceptance of LED products; the rapid development of new technology and competing products that may impair demand or render Cree's products obsolete; 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 24, 2012, and subsequent filings.
Cree®, Cree TrueWhite®, and TrueWhite® are registered trademarks, and CS18™ and CR24™ are trademarks of Cree, Inc.
Fleishman-Hillard for Cree, Inc.
Frances Rodenbough, 919-457-0750