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Cree LED Lighting to Reduce Energy Consumption at Mt. Pleasant Walmart Neighborhood Market



  Cree LED Lighting to Reduce Energy Consumption at Mt. Pleasant Walmart
  Neighborhood Market

Business Wire

DURHAM, N.C. -- February 26, 2013

As part of a continued focus on sustainability, the nation’s largest retailer
has selected energy-efficient LED lighting by Cree, Inc. (Nasdaq: CREE) to
illuminate the Walmart Neighborhood Market in Mt. Pleasant, Wisc. Cree^®
interior lighting products, including more than 400 CS18™ LED linear
luminaires, will fully illuminate the Neighborhood Market – from the sales
floor and pharmacy to restrooms, vestibules and backroom areas. Cree LED
lighting will also be installed in the parking lot and exterior areas of the
store.

Walmart estimates that the CS18 luminaires, designed for low maintenance and
long life, will save approximately 30 percent in energy costs compared to
interior fluorescent lighting. Cree interior and exterior lighting fixtures
offer an industry-leading long service life and are backed by a 10-year
limited warranty. This substantial product lifetime enables significant
maintenance reductions and energy savings for the Neighborhood Market.

Recently ranked fifth on the 2012 Newsweek rankings for greenest U.S.
retailers, Walmart’s deployment of Cree LED lighting will help the company
achieve its sustainability goals: to be supplied 100 percent by renewable
energy, to create zero waste and to sell products that sustain people and the
environment. According to Walmart, the retailer used enough renewable energy
last year to power 78,000 homes and is keeping 80 percent of its U.S. waste
out of landfills.

The high-efficiency CS18 suspended LED linear luminaire uses approximately 30
percent less energy and lasts more than three times longer than standard
fluorescents. The CS18 luminaire will bring an extraordinary combination of
performance, aesthetics and optimal light distribution to the sales floor of
the Mt. Pleasant Walmart Neighborhood Market.

“Cree LED lighting will help us advance our sustainability goals while
reducing the cost of operations and also giving our customers a pleasant
shopping experience,” said David Redfield, senior vice president for Walmart
operations. “Reducing energy consumption is the right thing to do for our
natural environment, for our customers and for our business. Ultimately, the
cost savings allows us to deliver on our commitment to Everyday Low Price.”

“Cree has a long-standing relationship with Walmart and the continued
deployment of energy-efficient lighting further establishes LEDs as the
superior lighting option for retailers everywhere,” said Christopher Ruud,
Cree vice president, global LED adoption. “The Mt. Pleasant location will be a
great showcase of the benefits of LED lighting for the full customer
experience – from the parking lot to the aisles. We’re proud to support the
new Neighborhood Market right in our own backyard.”

About Cree

Cree is leading the LED lighting revolution and making energy-wasting
traditional lighting technologies obsolete through the use of
energy-efficient, mercury-free LED lighting. Cree is a market-leading
innovator of lighting-class LEDs, LED lighting, and semiconductor products for
power and radio-frequency (RF) applications.

Cree’s product families include LED fixtures and bulbs, blue and green LED
chips, high-brightness LEDs, lighting-class power LEDs, power-switching
devices and RF devices. Cree products are driving improvements in applications
such as general illumination, electronic signs and signals, power supplies and
solar inverters.

For additional product and company information, please refer to
www.Cree.com/Lighting. To learn more about the LED Lighting Revolution, please
visit www.creeledrevolution.com.

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 risk that Walmart’s plans may change
resulting in lower product sales; actual savings will vary from expectations;
customer acceptance of LED products; the rapid development of new technology
and competing products that may impair demand or render Cree’s products
obsolete; and other factors discussed in Cree’s filings with the Securities
and Exchange Commission, including its report on Form 10-K for the year ended
June 24, 2012, and subsequent filings.

Cree^® is a registered trademark, and CS18™ is a trademark of Cree, Inc.

Contact:

Cree, Inc.
Gena Fiegel, 919-407-7651
Corporate Communications
media@cree.com
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