Cree Inc. Announces Mid-Power LED Joint Venture with San’an Optoelectronics Co. Ltd.
DURHAM, N.C., April 25, 2017 — Cree, Inc. (Nasdaq: CREE) announces it is forming a joint venture with San’an Optoelectronics Co., Ltd. (SHA: 600703) to produce and deliver to market high performing, mid-power lighting class LEDs packaged products in an exclusive arrangement to serve the expanding markets of North and South America, Europe and Japan, and serve China and the rest of the world on a non-exclusive basis.科锐于2017年4月25日于美国北卡州宣布，美国科锐会与中国三安光电股份有限公司成立合营公司，经营中功率LED封装产品，科锐会负责这合营公司在美洲、欧洲及日本市场的独家推广及销售，同时亦会在中国及其它市场进行非独家的推广及销售。
The new joint venture, Cree Venture LED Company, Ltd., will bring together the technology and brand leader in lighting class LEDs with a world class LED supplier. Leveraging Cree’s superior portfolio of patents and global sales channels, this joint venture will bring to market a broad portfolio of high performance mid-power products to serve the fast growing, $4 billion global mid-power LED market. With this agreement, Cree’s LED business is now able to serve the broader needs of the general illumination (indoor and outdoor lighting), horticultural and other evolving LED markets.这新的合营公司“Cree Venture LED Company Limited”会集合两家公司在通道、专利、生产及品质的强项，带给市场最新最强及最完整中功率LED 封装产品，以对应全球40亿美元的中功率LED封装产品市场，通过整合这合营公司的中功率产品，科锐可以提供一个完整的产品线来服务户内户外通用照明市场、植物照明及其它不断变更的照明市场所需。
“This joint venture builds on both companies’ leading product and channel capabilities to give Cree the ability to provide our LED customers a complete range of high-power and mid-power LED products to serve a broad range of markets and applications,” said Chuck Swoboda, Cree President and CEO.科锐主席及行政总裁Chuck Swoboda说：“这合营公司建基于两家公司在产品、品牌及通道的强项，以令科锐可提供完整的从高功率到中功率LED 产品的产品线，以对应不同的产品应用所需。”
“The addition of the mid-power LED products in this new joint venture to Cree’s industry-leading high-power products gives us an unparalleled LED portfolio,” stated Dave Emerson, Cree LEDs senior vice president and general manager. “With our LED systems expertise, customers are able to work with our existing channels to find the best LEDs for their applications.”科锐高级副总裁兼LED事业部总经理Dave Emerson说：“科锐现有高功率产品，加上这合营公司所带来的中功率产品，将使科锐的LED 产品线达到业界无人能及的宽度，再加上科锐在LED照明系统的领先地位，我们的客户将可由科锐的现有通道获得最好及最完整的产品支持。”
Located in Hong Kong, Cree Venture LED Company, Ltd. will be led by TK Ong, General Manager, who brings to the joint venture extensive experience in the LED market, and will be governed by a Board of Directors with members from both companies. Cree will own 51 percent of the joint venture, and San’an will own 49 percent of the joint venture.这合营公司将设在香港，科锐控股51%，三安控股49%，由拥有丰富LED产业经验的汪德贵出任合营公司总经理，并向董事会汇报，董事会由双方委派人员出任。
Cree and San’an will be working in the coming months to incorporate, fund and commence operations of the joint venture, and are targeting initial product sales by the joint venture in the third calendar quarter of 2017. Cree will receive royalties from the joint venture on its patent portfolio.科锐及三安将会在未来几个月，就双方出资及营运等进行更详尽的协商，目标在2017年三季开始营运。美国科锐将向合营公司有偿授权使用有关 LED 专利。