Cree Extends LED Street Lighting Leadership Delivering up to a 15 Percent Performance Increase

  Cree Extends LED Street Lighting Leadership Delivering up to a 15 Percent
  Performance Increase

Next Generation LEDway Series LED Street Light Delivers Increased Performance
                      and Lowers Total Cost of Ownership

Business Wire

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

Cree, Inc. (Nasdaq: CREE) announces the next performance upgrade to the
LEDway^® Series LED Street Light. These energy-efficient luminaires, provided
in several versions and tailored to specific applications, are the ideal
replacement for outdated high pressure sodium (HPS) and metal halide (MH)
fixtures. Providing significant improvements over the prior LEDway Series,
select versions of the new LEDway Series LED Street Lights provide up to 20
percent additional energy savings and increased lumen output, while other
versions provide up to 15 percent higher lumen output and additional energy
savings. These improvements can help municipalities reduce operating cost
where budgets are tight – lowering the total cost of ownership while providing
the same illumination performance.

“Cree is committed to helping municipalities and facility owners lower their
lighting energy costs and maintenance expenses,” said Greg Merritt, vice
president, lighting at Cree. “The increased performance of the new LEDway
Series can improve payback up to 25 percent compared to the previous
generation and strengthens the argument to replace antiquated lighting
technologies. These cost savings can greatly benefit municipalities and free
up money for other expenses.”

Engineered to optimize illumination and economic performance, Cree^® LEDway
Street Lights boast an industry-leading ten year warranty and offer more than
20 optical distribution patterns, flexible drive currents and multiple lumen
packages. The versatility of the LEDway luminaire lets municipalities fully
optimize the LED fixture to meet application and project goals.

Cree LEDway Series Street Lights are sold through Cree lighting sales
channels. Visit for more

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

To learn more about the LED Lighting Revolution, please visit

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


Cree, Inc.
Gena Fiegel, 919-407-7651
Corporate Communications
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