High-Performance Cree LED Lighting Shines Brightly at Raley’s Petroleum and Convenience Store

  High-Performance Cree LED Lighting Shines Brightly at Raley’s Petroleum and
  Convenience Store

 Cree LED Lighting Delivers Savings and Rapid Payback at New South Lake Tahoe
                                   Location

Business Wire

DURHAM, N.C. -- September 4, 2013

As part of its commitment to sustainable operations, Raley’s^® Family of Fine
Stores selected energy-efficient LED lighting by Cree, Inc. (Nasdaq: CREE) to
illuminate its new petroleum station, car wash and convenience store in South
Lake Tahoe, Calif. Featuring advanced LED technology paired with an integrated
dimming system, Cree^® lighting delivers improved light quality combined with
reduced energy consumption and maintenance costs for the store, with payback
in less than one year.*

Sixty Cree LED luminaires illuminate the South Lake Tahoe store, generating
significant energy savings compared to the fluorescent, metal halide and
halogen fixtures used at Raley’s existing Fair Oaks, Calif. location. Cree’s
interior and exterior fixtures deliver exceptional color rendering, light
quality and distribution and allow the use of fewer fixtures than required
with traditional lighting.

The new Cree lighting system includes Cree 304 Series™ recessed soffit
luminaires and Cree CR24™ troffers in the convenience store along with Cree
304 Series recessed canopy luminaires installed over the fuel canopy deck and
Cree 227 Series™ recessed soffit luminaires in the car wash bay. Cree Edge™
wall-mount security luminaires, as well as post-top and arm-mounted luminaires
provide further exterior lighting in the parking lot.

“Implementing energy-efficient LED lighting supports our goal of reducing
overall energy consumption at new stores and in upgrades to our 128
locations,” said Randy Walthers, energy and utility manager, Raley’s. “We
found a valued partner in Hi-Def Lighting & Electrical, Inc. [formerly Fillner
Construction, Inc., dba Filner Electric] who met our needs with high-quality
Cree LED lighting equipped with a sophisticated control system for remarkable
savings and light quality.”

Featuring an optional integrated sensor, Cree luminaires help Raley’s conserve
energy and meet California’s daylight control requirement at the South Lake
Tahoe store. Cree luminaires in the car wash, for example, operate at 20
percent power until the occupancy sensor brings them to full power and then
dims them when not in use.

An additional benefit of the Cree lighting installation is the universal
drivers that provide continuous illumination during periodic brownouts that
are common to the area. “In South Lake Tahoe, the voltage will drop as much as
30 percent during hot afternoons creating multiple problems with electrical
systems,” said Walthers. “Cree luminaires are unaffected by these erratic
voltage drops and continue performing at peak efficiency due to dependable
drivers that include AC input protection.”

“Raley’s is fast becoming a model of energy efficiency in the petroleum and
convenience store industry,” said Mike Bauer, vice president sales, lighting
at Cree. “Cree offers a full suite of energy-efficient lighting for 24/7
operations, helping Raley’s continue its mission toward environmental
stewardship, while supporting their bottom line.”

* Based on typical commercial usage of 12 hours per day for exterior products
and 24 hours per day for interior products, and the state of California
average of $0.14 per kWh electric costs, lighting-related HVAC impact and
relamp maintenance reductions.

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.

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; 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 30, 2013, and subsequent filings.

Cree^® is a registered trademark, and 227 Series™, 304 Series™, CR24™ and Cree
Edge™ are trademarks of Cree, Inc.

Raley’s^® is a registered trademark of Raley’s.

Contact:

Cree, Inc.
Lauren Taber, 919-407-7651
Corporate Communications
media@cree.com