Cree Redefines LED Parking Garage Lighting Delivering Low Glare with Fast Payback

  Cree Redefines LED Parking Garage Lighting Delivering Low Glare with Fast

 New VG Series Combines High-Performance Optical System, Architectural Design
             and Low Initial Cost in One Revolutionary Luminaire

Business Wire

DURHAM, N.C. -- August 1, 2013

Cree, Inc. (Nasdaq: CREE) introduces the VG Series Parking Garage Luminaire,
demonstrating Cree’s innovative approach to challenging lighting applications.
Cree^® VG Series parking garage luminaires are designed to deliver optimal,
low-glare illumination by intelligently eliminating direct view of the LEDs
with a revolutionary optical system. The VG Series helps create a pleasing
appearance while delivering high-performance lighting. Best of all, the
innovative VG Series lowers total cost of ownership and can deliver payback in
less than two years.*

With typical parking garages operating 24/7, managing energy costs is critical
for facility managers and owners. The new VG Series delivers energy savings up
to 73 percent compared to the outdated metal halide fixtures they replace,
while simultaneously delivering exceptional illumination quality, which can
help create a safer feeling in garages. The low-glare luminaire features a
composite optical system combining a highly efficient internal reflector and a
precisely designed prismatic lens. Contrast between bright and dark areas in
garages can create safety concerns for building owners and garage users. The
Cree VG Series high-performance optical system can help achieve lighting
design uniformity goals and a comfortable, safer-feeling environment for both
vehicles and pedestrians. Designed with simplified mounting solutions for
seamless installation in most parking garages, the VG Series also delivers up
to 10 percent desirable uplight, reducing the “cave effect” that is typical
with existing LED luminaires and many conventional solutions lighting parking
garages today.

“The VG Series was specifically designed for the unique challenges presented
by parking garages,” said Greg Merritt, vice president, lighting at Cree.
“With low initial cost and virtually no maintenance expenses, the VG Series is
the ideal choice to transform any garage from a poorly illuminated and
uninviting space, to a well-lit garage with aesthetically pleasing
lighting—all backed by a 10-year limited warranty.”

The VG Series is sold through Cree lighting sales channels. Please visit to learn more.

*Payback calculated against metal halide and based on commercial usage of 24
hours per-day and the national average of $0.11 per kWh electric costs.

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

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 of Cree, Inc.


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