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Cree Introduces New AR Series LED Architectural Troffers

  Cree Introduces New AR Series LED Architectural Troffers

    Expands LED Lighting Portfolio with Architecturally Optimized Luminous
                   Troffers Delivering 100 Lumens per Watt

Business Wire

DURHAM, N.C. -- February 28, 2013

Building on the success of the CR Series LED troffer, Cree, Inc. (Nasdaq:
CREE) is announcing the new AR Series LED Architectural troffer, delivering
soft, high-quality light with exceptional efficacy of 100 lumens per watt.
With its flush mount white housing, the AR Series troffers blend seamlessly
into any ceiling design and softly illuminate the space through highly
diffused performance optics. The new AR Troffer aesthetic provides increased
architectural lighting options while delivering industry-leading light quality
and energy savings using Cree TrueWhite^® Technology.

The exceptional performance of the AR Series enables rapid payback by
providing 33 percent energy savings versus standard T8 fluorescent solutions
and low maintenance costs with its designed lifetime of up to 75,000 hours.
Like the CR Series LED troffer, the AR Series is covered by Cree’s industry
leading 10-year limited warranty offering increased investment protection.

“The AR Series provides an excellent option to the lighting specifier,
designer or customer who is seeking aesthetic options to our standard CR
Series LED troffer,” said Greg Merritt, vice president, lighting at Cree. “We
now have a fully luminous troffer, with a new architectural look suitable for
applications such as corporate offices, up-market retail merchandising spaces
and automotive retail applications.”

The AR Series troffers are available in two models, the AR22^™ troffer and
AR24^™ troffer, and a range of color temperatures to match existing
fluorescent technologies (3500K and 4000K). The AR Series supports dimming
down to 5 percent with industry standard 0-10V controls. Lutron EcoSystem^®
enabled AR Series troffers supporting dimming down to 5 percent are targeted
to be available in mid-2013.

The AR Series Architectural troffers are sold through Cree lighting sales
channels. Please visit www.cree.com/lighting/ARseries to learn more about the
new AR Series LED architectural troffer.

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 actual savings will vary from
expectations; the risk that we may be unable to manufacture these new products
with sufficiently low cost to offer them at competitive prices or with
acceptable margins; the risk we may encounter delays or other difficulties in
ramping up production of our new products; 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^®, Cree TrueWhite^®, and TrueWhite^® are registered trademarks, and
AR22^™ and AR24^™ are trademarks of Cree, Inc. Lutron^® and EcoSystem^® are
registered trademarks of Lutron Electronics Co., Inc.

Contact:

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