Cree. announced that Fast Company Magazine has ranked it among the Top 50 Most Innovative Companies worldwide. In addition to that distinction, the company has also been ranked number one in Fast Company’s annual Top 10 Most Innovative

Cree revolutionized the consumer lighting industry by delivering the first sub US $10 LED bulb and extended its leadership position by rapidly developing an entire line of consumer LED bulbs. To achieve this success, Cree leveraged the experience gained from reinventing the commercial lighting industry by introducing products that approach price parity with traditional lighting without compromise, as well as its 27-year heritage in semiconductor technology. As a result, Cree^® LED Bulbs have become among the top-selling lighting products in the U.S. within two years of first being launched. Dedicated to continuous innovation and achieving 100 percent LED adoption, Cree continues its focus on delivering the best overall lighting experience to the consumer.

“As a company on a mission for 100 percent LED adoption, we take pride in being risk-takers and disrupting the lighting industry with breakthrough, innovative products,” said Betty Noonan, Cree chief marketing officer. “At Cree, one of the fastest growing lighting companies in the world, we know innovation isn’t just inspiration; it’s hard work. This concept is engrained in our capabilities, culture and employees, which is why we are honored to be recognized for it by a well-respected outlet like Fast Company.”

Fast Company’s Most Innovative Companies issue (March 2015) is now available online at http://www.fastcompany.com/section/most-innovative-companies-2015 as well as in app form via iTunes, and on newsstands beginning February 17.