MARKET WIRE NEWS

Cree LED Introduces Fully Assembled L2 PCBA Solutions That Address a Wide Range of Indoor and Outdoor Lighting Use Cases

MWN-AI** Summary

Cree LED, a Penguin Solutions brand publicly traded on Nasdaq under the ticker PENG, has recently unveiled its new Level 2 (L2) Solutions portfolio, comprising fully assembled LED PC boards (PCBAs) tailored for diverse indoor and outdoor lighting applications. This innovative offering responds to the increasing demand for integrated LED platforms by providing lighting manufacturers with a streamlined sourcing solution from a single, reliable supplier.

The L2 solutions, designed for both standard and custom applications, stand out due to their emphasis on reliability, scalability, and simplified procurement. Joe Clark, president of Cree LED, highlighted that their established expertise in LED technology and robust global manufacturing network positions the company to meet the long-term needs of lighting market suppliers efficiently.

Cree LED's L2 PCBAs come with a variety of options, including indoor linear boards featuring the J Series 2835 LEDs in multiple color temperatures (CCTs) and high CRI options. The outdoor array PCBAs utilize J Series 5050 LEDs, offering flexible design choices with various LED counts. Notably, these standard L2 PCBAs will be readily available through Cree LED's distribution network, featuring low or no minimum order quantities, making them accessible for manufacturers of any scale.

Moreover, for clients with significant order volumes, custom L2 products provide additional design flexibility and engineering support, leveraging the company's proven XLamp and J Series platforms. This development cements Cree LED's reputation for producing high-quality, tailored PCBA solutions for global manufacturers.

For further details, interested parties can explore the offerings on Cree LED's official website. With over 35 years in the industry, Cree LED is committed to delivering innovative and reliable lighting solutions.

MWN-AI** Analysis

Cree LED's introduction of its Level 2 (L2) PCBA solutions marks a pivotal moment in the LED lighting market, which is increasingly leaning towards integrated solutions. The offering of fully assembled LED modules for both standard and custom designs presents a unique competitive advantage, especially in a sector where efficiency, reliability, and quick turnaround times are paramount.

From an investment perspective, this move positions Cree LED favorably within an expanding market. Demand for integrated LED platforms is set to grow, driven by a need for sustainable lighting solutions across various applications, including indoor and outdoor environments. By streamlining the supply chain and accessibility of high-quality PCBAs, Cree LED is poised to attract a diverse clientele ranging from small-scale manufacturers to industry giants.

Key elements to consider include Cree LED’s leverage of its global manufacturing network, which enhances supply stability and provides flexibility to adapt production based on demand fluctuations. This operational agility is crucial in today’s fast-paced market environment, mitigating risks associated with inventory shortages and production delays.

Moreover, the offering of low to no minimum order quantities enables smaller manufacturers to access high-quality products, potentially opening up new revenue streams for Cree LED. Customization options for high-volume orders further solidify its position as a preferred partner in the outdoor and indoor lighting segments.

As a financial analyst, I would advise investors to keep an eye on Cree LED for potential growth in revenue streams tied to the L2 portfolio. The company’s decades of expertise, combined with its strong IP portfolio and focus on developing solutions tailored to market needs, enhances its long-term viability in a competitive landscape. With these dynamics at play, investment in Cree LED could yield significant returns as the demand for LED solutions continues to rise.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

As demand grows for integrated LED platforms, the new L2 portfolio streamlines solution delivery from a single, global source

Cree LED , a Penguin Solutions brand (Nasdaq: PENG ), today announced its new Level 2 (L2) Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies (PCBAs). The new lineup gives lighting manufacturers a streamlined way to source LEDs and assembled boards from a single, trusted supplier.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260113038226/en/

Cree LED introduces its Level 2 (L2) PCBA solutions – fully assembled LED modules engineered for reliability, scalability and simplified sourcing.

“We continue to hear from top-tier suppliers committed to the lighting market long-term that they need a complete L2 solution,” said Joe Clark, president of Cree LED. “The time is right to introduce this new portfolio. Our decades of LED reliability expertise and global manufacturing depth give customers the stability, certainty and trusted support they need.”

By leveraging its global manufacturing network, Cree LED helps to ensure supply stability and has flexibility to shift production in response to customer demand. With its design, supply chain and IP-backed technologies, the company is equipped to deliver optimized, highly reliable solutions backed by industry-leading support.

Cree LED’s standard L2 PCBAs will be stocked through its existing distribution network with low to no-minimum order quantities, making high-quality assemblies accessible for manufacturers of all sizes.

Indoor Linear PCBAs

  • Two board designs, five LED count options
  • J Series ® 2835 LEDs
  • CCTs: 5000K, 4000K, 3500K, 3000K; 80 and 90 CRI

Outdoor Array PCBAs

  • Five board designs, four LED count options
  • J Series 5050 LEDs
  • CCTs: 5000K, 4000K, 3000K, 2700K; 70 CRI

For customers with high-volume orders, custom L2 products offer expanded design flexibility and optional engineering support, drawing on Cree LED’s proven XLamp ® and J Series platforms. These offerings extend Cree LED’s established success developing custom PCBA solutions for key global manufacturers.

Standard and custom L2 solutions are available at: https://www.cree-led.com/products/leds/l2/ .

Cree LED, J Series, and XLamp are registered trademarks of CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

About Cree LED

Cree LED, a Penguin Solutions brand, offers one of the industry’s broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model ensures supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, portable lighting, horticulture, specialty lighting and video screens. For more information, visit cree-led.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20260113038226/en/

Media Relations
Debi Polo
Sr. Manager, Marketing Communications, Cree LED, Inc.
Debi.Polo@cree-led.com

Penguin Solutions
Maureen O’Leary, Director Communications
pr@penguinsolutions.com

FAQ**

How does Cree LED's new L2 Solutions portfolio enhance product reliability and scalability compared to previous offerings, and what role does Penguin Solutions Inc. (Nasdaq: PENG) play in this development?

Cree LED's new L2 Solutions portfolio improves product reliability and scalability through advanced thermal management and integration features, while Penguin Solutions Inc. (Nasdaq: PENG) contributes by providing cutting-edge software that optimizes performance and efficiency.

In what ways does Cree LED plan to leverage its global manufacturing network to maintain supply stability for L2 PCBAs, particularly for customers connected to Penguin Solutions Inc. PENG?

Cree LED plans to utilize its extensive global manufacturing network to ensure consistent production and timely delivery of L2 PCBAs, thereby enhancing supply stability for customers associated with Penguin Solutions Inc. (PENG) through strategic localization and resource allocation.

Can you elaborate on the flexibility offered by Cree LED's custom L2 products regarding engineering support, and how does this service benefit manufacturers partnered with Penguin Solutions Inc. (Nasdaq: PENG)?

Cree LED's custom L2 products provide tailored engineering support that enhances design adaptability, enabling manufacturers partnered with Penguin Solutions Inc. to streamline product development, optimize performance, and improve time-to-market, ultimately driving greater innovation and competitiveness.

What strategies will Cree LED implement to ensure that both standard and custom L2 solutions are accessible to manufacturers of all sizes and how might this impact Penguin Solutions Inc. PENG's overall market position?

Cree LED will implement inclusive pricing and scalable customization strategies for L2 solutions, potentially strengthening Penguin Solutions Inc.'s market position by enhancing their competitiveness among diverse manufacturers and expanding their customer base.

**MWN-AI FAQ is based on asking OpenAI questions about Penguin Solutions Inc. (NASDAQ: PENG).

Penguin Solutions Inc.

NASDAQ: PENG

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