Cree has teamed up with Zumtobel Group, the Austrian professional lighting supplier, to supply LED downlights to the European market.
LED downlights is seen as a high growth market for components suppliers and the companies have put a minimum first-year sales target of 50,000 LR6-230V luminaires on the deal.
“This strategic agreement is targeted to accelerate the LED lighting revolution across Europe by providing customers with energy-efficient and long-lasting products,” said Chuck Swoboda, Cree chairman and CEO.
The companies said they will also expand the partnership to address other high-volume lighting categories in 2009.
The products under the agreement are European versions of Cree recessed downlights. They will be sold exclusively by Zumtobel Group under its Thorn and Zumtobel brand names.
The LR6-230V downlight consumes just 12W of power, and according to the company is equivalent to a 75W incandescent lamp and lasting up to 50 times longer.
See also: Electronics Weekly's roundup of content related to LED Lighting.