In 2003 Cree had to close its doors, due to the lack of funding and had to let go all of its employees.
In a joint effort the shareholders and financing partners of Cree decided to save the company. This process of restructuring has now successfully been completed.
Today Cree is ready to reactivate this project and has access to all data, results and rights obtained during the 8 years of development time of SAM, thus providing an attractive and debt-free opportunity for investment to new financing and industry partners.
SAM is a Swiss award-winning and patented Zero Emission Vehicle (ZEV) of a new generation designed and developed by Cree Ltd. SAM is at prototype stage and approved for all public roads. 80 vehicles initially produced for public testing in the cities of Zurich and Basle are currently running mainly on Swiss roads and owned by private consumers.
This website is a reaction to thousands of inquiries from potential customers from all over the world to purchase SAM. Cree's goal is to find the capital as well as the industry partner(s) needed to bring this vehicle to mass production and realize the market potential discovered during the testing phase in 2001.
Cree invites interested investors, retailers as well as potential license manufacturing partners to discuss how the interests of all parties can best be met and to define suitable strategies for a fast international build-up of SAM.
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