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Cree Lights Way to Savings for Geneva, N.Y. Tops Friendly Markets



  Cree Lights Way to Savings for Geneva, N.Y. Tops Friendly Markets

   New Grocery Location Saves Energy and Maintenance Costs with Cree^® LED
                                   Lighting

Business Wire

DURHAM, N.C. -- April 09, 2013

Tops Friendly Markets, a leading full-scale grocery retailer in the northeast
United States, recently selected energy-efficient LED lighting by Cree, Inc.
(Nasdaq: CREE) to illuminate its 51,364-square-foot store in Geneva, N.Y. The
store, which opened in November 2012, features Cree® CS18™ luminaires and
CR24™ troffers  lighting the aisles, specialty departments and pharmacy for an
estimated energy savings of 70 percent over the T5 fluorescent lighting that
Tops Markets had previously installed.

“Tops Markets has always been progressive in designing energy efficiency into
its store. When we heard about the Cree CS18 linear luminaire, we conducted a
test installation in Buffalo and the results were excellent,” said Dan Jaskza,
energy consultant for Tops Markets. “Not only did the Cree LED lighting
product offer us 70 percent energy savings [over the previous T5 fluorescent
design], but also improved lighting quality without compromising lighting
levels.”

Featuring Cree TrueWhite^® Technology, Cree CS18 and CR24 architectural
troffers provide exceptional color rendering, helping to improve the visual
shopping experience by making the merchandise colors more vibrant and
appealing. In addition, the Cree CS18 troffers solve the need for strong
vertical light levels when mounted on the store’s 13-foot ceiling.

“Consistent, high-quality light levels from top to bottom of the shelf are a
critical need for retailers as they look to enhance the overall shopping
experience,” said Mike Bauer, vice president of lighting sales, Cree. “The CS
and CR troffers deliver the lighting quality Tops Markets desires, with the
added benefits of low-maintenance and energy efficiency – ultimately
supporting the bottom line.”

Designed to offer up to 100,000 lifetime hours, Cree CR24 troffers help Tops
Markets reduce energy consumption by offering dimming capabilities – key
considerations for the 24-hour store. In addition to savings achieved through
dimmable light levels and decreased maintenance costs, the Cree LED troffers
are backed by a 10-year limited warranty. Tops Markets estimates the Cree
system will pay for itself within two-and-a-half years.

“For any supermarket operator today, whether they are building a new store or
implementing an upgrade, Cree LED lighting is a must-do solution,” Jaszka
continued. “It offers energy savings, quality of light and is also fantastic
in terms of maintenance reduction.”

A second Tops Markets location featuring Cree CS18 luminaires and round
interior pendants is currently under construction. Tops Markets has plans for
an additional three stores in 2013, adding to its 153 full-service
supermarkets in New York, Pennsylvania and Vermont.

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.

Please visit www.cree.com/lighting/grocery/topsmarkets for more information on
the Tops Markets installation.

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 Tops Markets plans may change
resulting in lower product sales; the risk that 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^®, Cree TrueWhite^®, and TrueWhite^® are registered trademarks, and CS18™
and CR24™ are trademarks of Cree, Inc.

Contact:

Fleishman-Hillard for Cree, Inc.
Frances Rodenbough, 919-457-0750
Frances.Rodenbough@fleishman.com
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