February 25, 2010

Hyatt Regency Grand Cypress Resort Lights Up with Cree LED Lighting

Newly Renovated Orlando Hotel Boasts the Most Energy-Efficient Lighting in the Hyatt Family
ORLANDO, FLA. -- In an effort to become a greener, more energy-efficient hotel, the Hyatt Regency Grand Cypress Resort has installed LED (light-emitting diode) lighting by Cree, Inc. (Nasdaq: CREE). One of Orlando’s largest resorts, with close proximity to Walt Disney World, the hotel recently completed a multi-million dollar renovation that included replacing traditional, antiquated lighting fixtures in its 54 hallways, as well as its freshly refurbished 10,000-square-foot lobby.

The Hyatt Regency Grand Cypress began its remodel to comply with the Florida Department of Environmental Protection’s Green Lodging program, a voluntary initiative for hotels and motels across the state to adopt cost-saving green practices to conserve energy, reduce water consumption, protect air quality and reduce waste. In order to become a more environmentally conscious organization as well as to reduce its extensive utility costs, resort management turned to Regency Lighting to consult on energy conservation measures and to install LED lighting throughout the hotel.

“We are constantly looking for ways to cut down on utility costs, and our lobbies and hallways are lit 24-hours a day, seven days a week,” said Rick Jackson, Chief Engineer, Hyatt Regency Grand Cypress. “Working with Regency Lighting, we were able to compare the cost and energy savings of Cree LED products with the traditional lighting we had been using. The LED lighting installations in the hotel hallways and lobby are not only significantly reducing our electric bill and saving on maintenance costs, but are providing better quality lighting for our guests.”

The Hyatt Regency Grand Cypress replaced halogen lighting fixtures located between each hotel room with Cree LR6™ LED recessed downlights. Cree LR6 fixtures consume just 10.5 watts of power, an impressive 90-percent energy savings over the two 50-watt halogen bulbs they replaced. Additionally, the Cree LED downlights are designed for a 50,000-hour lifetime, which can reduce maintenance costs while providing a clear, crisp quality of light. The second LED lighting application included exchanging existing halogen lighting in the lobby with Cree LRP-38™ LED bulbs, saving more than 80 percent on energy consumption alone. The Cree light bulb was specified by Regency Lighting based on its superior color rendering (92 CRI) and tightly focused beam (20 degrees), required to highlight the lobby’s palm trees and indoor garden.

“Accent lighting, like the Hyatt Regency Grand Cypress’ lobby lighting, is often sacrificed when you make the switch to more energy-conscious lighting,” explained Tommy Mydlo, Regency Lighting. “The Cree LRP-38 adds back in the beautiful accent lighting guests are accustomed to experiencing, while providing the hotel with an environmentally friendly, fiscally prudent alternative to traditional halogen bulbs.”

According to Regency Lighting, replacing the resort’s hallway lighting with Cree LR6s is projected to have a cumulative savings of approximately $131,659 in the first year, with a return on investment of about nine months. These savings include projected energy, labor and cooling expenses, as well as the cost of the lamps. A cumulative savings of more than half a million dollars are predicted by the fourth year of installation.

“LED lighting is a natural fit for hotels and resorts because it provides extreme energy efficiency and longevity with beautiful, warm color – a solution designers have been unable to find with any other technology,” said Gary Trott, Cree vice president of market development, LED lighting. “The savings associated with LEDs more than make the business case for switching to LEDs, and with its recent installations, the Hyatt Regency Grand Cypress is certainly leading the hospitality industry in energy-efficient lighting.”

About Cree
Cree is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting solutions, and semiconductor solutions for backlighting, wireless and power applications.

Cree’s product families include recessed LED down lights, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.CreeLEDlighting.com. To learn more about the LED Lighting Revolution, please visit www.creeLEDrevolution.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 possibility that actual savings may 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 28, 2009, and subsequent filings.

Cree is a registered trademark and LR6 and LRP-38 are trademarks of Cree, Inc.