Core Insights - Cree LED has launched a new Level 2 (L2) Solutions portfolio, providing both standard and custom fully-populated LED PC board assemblies (PCBAs) to streamline sourcing for lighting manufacturers [1][2]. Group 1: Product Offerings - The L2 Solutions portfolio includes standard PCBAs stocked through an existing distribution network with low to no minimum order quantities, making them accessible for manufacturers of all sizes [3]. - Custom L2 products are available for high-volume orders, offering expanded design flexibility and optional engineering support, utilizing Cree LED's established XLamp and J Series platforms [4]. Group 2: Market Position and Strategy - Cree LED emphasizes its decades of reliability expertise and global manufacturing capabilities to provide customers with stability and trusted support [2]. - The company leverages its global manufacturing network to ensure supply stability and flexibility in production based on customer demand [2]. Group 3: Company Background - Cree LED, a brand of Penguin Solutions, has over 35 years of innovation in the LED industry, offering a broad portfolio of application-optimized LED chips and components [6]. - The company is recognized for its strong IP portfolio and unique business model that ensures supply chain continuity and delivers best-in-class technology for various lighting applications [6].