Cree Introduces Industry’s First Integrated LED Module for Residential Downlights

  Cree Introduces Industry’s First Integrated LED Module for Residential
  Downlights

Business Wire

DURHAM, N.C. -- June 27, 2013

Cree, Inc. (Nasdaq: CREE) announces commercial availability of the 750 lumen
LMR2 LED Module—delivering lighting manufacturers an integrated platform to
help speed time to market and lower initial cost for LED lighting in
residential markets. The breakthrough LMR2 LED module combines light source,
driver, optics and primary thermal management in a single, compact system,
simplifying retrofit and new installation.

The new LMR2 LED module shares the same form factor of the commercial LMR2 yet
is optimized for the performance, dimming and cost requirements of the
residential market, providing manufacturers the investment protection of a
single platform for all applications. The LMR2 LED module series also shares
the same optical and mechanical interface as Cree’s LMH2 LED modules, further
enabling lighting manufacturers to leverage existing luminaire designs to help
speed product development and shorten time to market.

“We are excited that Cree is extending the LMR2 family of LED modules,” said
Fred Farzan, president of Nora Lighting. “We worked closely with Cree to
design a cost-effective system, while still maintaining the high product
quality Nora is known for. With thenew Cree^® LMR2 LED module, we are able to
deliver higher lumen output and efficacy in a single-unit design that more
easily integrates into existing single-piece incandescent downlight design.
With the help of Cree's technology, Nora is able to meet market demands
andkeep our customers competitive with the highest quality products.”

Featuring Cree EasyWhite^® technology, the LMR2 delivers 750 lumens at 72
lumens-per-watt, 80 CRI and is available in color temperatures of 2700 K, 3000
K, 3500 K and 4000 K. Cree EasyWhite technology allows lighting manufacturers
to deliver consistent lumen output across all available color temperatures
while maintaining a tight color consistency. Designed for 35,000 hours of
operation and dimmable to five percent and compatible with most standard
dimmers, the LMR2 comes with Cree’s industry-leading three-year warranty. The
LMR2 is UL-recognized and luminaire makers seeking ENERGY STAR^® and
California Code of Regulations Title 24 qualification will have access to
specification and performance data, including LM-80 reports, which can speed
regulatory approvals. Please visit www.cree.com/lmr2 to learn more about the
LMR2.

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, backlighting, electronic signs and signals,
power suppliers and solar inverters.

For additional product and company information, please refer to www.cree.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 and lifetimes will
vary from expectations; the risk 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^® and EasyWhite^® are registered trademarks of Cree, Inc.

ENERGY STAR^® is a registered trademark of the U.S. Environmental Protection
Agency.

Contact:

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