CREE TO OPEN JAPAN OFFICE, NAMES SUMITOMO AS STRATEGIC PARTNER.

AsiaPulse News | April 10, 2002 | Copyright

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DURHAM, N.C., April 9 /PRNewswire-FirstCall-AsiaNet/ -- Cree Inc. (Nasdaq: CREE) today announced plans to open a Cree Japan office in Tokyo to bring Cree's technology and engineering support closer to the Japanese customer. In connection with the opening of the office, Sumitomo Corporation has been named as Cree's strategic partner and has entered into agreements with Cree to purchase approximately $24 million of Cree's LED products over a fifteen-month period ending June 2003 based on customer demand and subject to ...

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