Sumitomo Corp. Signs $200 Million Agreement With Cree for Fiscal 2006, Up 25 Percent From Prior Year


May 26, 2005... Sumitomo Corp. Signs $200 Million Agreement With Cree for Fiscal 2006, Up 25 Percent From Prior Year
Durham, North Carolina USA-- Cree, Inc. announced that its Japanese distributor, Sumitomo Corp., has agreed to purchase $200 million of Crees light emitting diode (LED) products during Crees fiscal year ending June 2006, subject to end-customer demand And other terms and conditions. This is the embodiment of the purchase of the original distributorship agreement, which extends through Crees fiscal year ending June 2007. Both companies anticipate that purchases will be made across Crees full line of LED chip products representing its standard brightness, mid -brightness and high brightness devices, including MegaBright, XBright, and XThin LEDs.

Cree continues to provide the new products and cutting-edge technology our customers require, states Koichiro Kusano, Assistant General Manager of Sumitomos Electronics Division. These continued advances in performance, combined with Crees respected intellectual property, allow Sumitomo to continue to expand our market share Through increasing penetration in growing application segments like LCD backlighting.

The renewal of our agreement and increased purchase commitment reflects the growth we are forecasting in Japan and highlights the strength of our partnership with Sumitomo and our Japanese customers, stated Chuck Swoboda, Crees Chairman and Chief Executive Officer.

About Sumitomo Corporation

Sumitomo Corporation conducts commodity transactions in virtually all industries utilizing its comprehensive worldwide network. The companys expertise in international finance, project management, new business development and investment is recognized throughout Japan and positions it as one of the premier trading organizations in the world.

About Cree, Inc.

The product includes blue and green light emitting diodes (LEDs) And radio frequency (RF) and microwave devices. The company is currently developing near ultraviolet lasers. Targeted applications for these products include solid-state illumination, power switching, wireless infrastructure and optical storage. Cree understands the important convergence of science, technology and creativity , placing high value on ideas, as well as the energy and ability of its people. For more information on Cree, please visit .

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 possibility we may be unable to Manufactured the volume of products required to fulfill contracted demand in a timely manner due to technological or manufacturing difficulties; the risk that demand for our products may not increase or may decrease; the ability of Sumitomo to decrease or terminate its purchase commitment under certain circumstances, So that the actual amount purchased may be substantially less than $200 million, and its ability to rotate limited quantities of inventory acquired under the agreement; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack Of customer acceptance for the products; and other factors discussed in Crees Filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2004 and subsequent filings.

Electric Cable

Electric Cable can be divided into building wires and flexible cables
Building wires can also be divided into three types according to the hardness of conductors.
H05V-U/H07V-U voltage class 300/500 or 450/750V. It is the most commonly used connection line for household wiring, mainly used for power supply, lighting, sockets, air conditioners and other daily household lines
H05V-R/H07V-R voltage grade is 450/750V, which can be used for home lighting lines. It is good to use when the wiring is soft and the circuit turns too much, which is convenient for electricians to wear pipes.
H05V-K/H07V-K voltage class 300/500V or 450/750V household decoration is generally not used, and it is suitable for flexible installation sites with strict requirements, such as electrical control cabinets, distribution boxes and various low-voltage electrical equipment.
What is a flexible copper cable?
Copper flexible cables are commonly used to connect portable equipment and appliances. Their flexibility allows them to withstand the movements or vibrations present in a particular application.Flexible copper cables are made from multiple strands of fine copper wire. The conductor is made of normal annealed copper of category 4 and 5. The cable has more than 6 different coloured cores. The insulation and sheath material must have the usual electrical and physical properties. Flexible copper wire is also soft, oil resistant, low temperature resistant and flame retardant.

Construction

Conductor: Multistrand copper wire
Insulation: PVC
Sheath: PVC
Associated voltage: 450/750V
Jacket colour: black, grey, white

Applications and features.

Power cables are suitable for use in wet and dry areas, conduits, pipes, slots, trays, antennas supported by messengers, and where excellent electrical performance is required. These cables are capable of continuous operation at conductor temperatures up to 90°C (normal operation in wet and dry locations), 130°C (emergency overload) and 105°C (short circuit conditions). 1/0 AWG and larger are rated for CT use.

Household Electrical Wire,Household Application Copper Wire,House Wring Electric Wire,House Building Electric Wires

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