The Furniture Row Companies shine with energy-efficient Cree LED lighting

Sep 9th, 2010
Date Announced: 09 Sep 2010

Durham, N.C. — The Furniture Row Companies, one of the nation’s largest family-owned specialty home furnishings and bedding retailers, is installing LED lighting from leading manufacturer, Cree, Inc. (Nasdaq: CREE), throughout its 330 Sofa Mart®, Oak Express®, Bedroom Expressions® and Denver Mattress Company® specialty furniture stores across the United States. To-date, nearly 13,000 Cree LRP-38™ LED spotlights have been installed, out of more than 80,000 planned. The 11-Watt Cree LED lights are replacing energy-wasting 90-Watt halogen bulbs.

“We knew we wanted new lighting that addressed our goal of being environmental stewards, but we also wanted to remain fiscally responsible,” said Rod Schnurr, Furniture Row store planning coordinator. “We also knew that we couldn’t sacrifice the high quality of light needed to accentuate the wood grains and highlight the beauty of the fabrics – that’s what these Cree lights do.”

The first Furniture Row Shopping Center to install Cree LED lights saved $4,200 on monthly energy costs compared to the original lighting, Schnurr said. In addition to reduced energy consumption for lighting, the LRP-38 spotlights generate much lower heat output thereby saving on air conditioning costs. Furniture Row also anticipates significant maintenance savings given the much longer service life of the LED lights, which are designed for a 50,000-hour lifetime in open applications. Prior to the LED lighting upgrade, store employees spent an estimated 15 hours per week replacing burned out halogen bulbs.

“The LRP-38 spotlight is perfect for retail environments because it offers energy efficiency and longevity without compromising on the high quality light needed to properly illuminate merchandise,” said Craig Lofton, director of national accounts, Cree LED Lighting. “Lighting customers should sacrifice nothing in the pursuit of beautiful, energy-efficient light, and Furniture Row’s stores are exemplifying just that.”

About The Furniture Row Companies
The Furniture Row Companies make up one of the largest family-owned specialty home furnishings and bedding retailers operating over 330 stores in 31 states. For more information, please visit http://www.FurnitureRow.com

Furniture Row also owns and is the primary sponsor of a NASCAR Sprint Cup team. For more information on the #78 Furniture Row Racing program visit http://www.FurnitureRowRacing.com

About Cree
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting solutions, and semiconductor solutions for backlighting, wireless and power applications.

Cree’s product families include recessed LED down lights, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDlighting.com. To learn more about the LED Lighting Revolution, please visit www.creeLEDrevolution.com.

Contact
Erin Grohs Fleishman-Hillard for Cree, Inc. (919) 457-0751

E-mail:Erin.grohs@fleishman.com

Web Site:www.cree.com

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