February 13, 2012

Cree Debuts New LMH2 LED Modules to Serve Europe and Asia Markets

Next-Generation LED Module Family Supports 230 Volt Input
DURHAM, N.C. -- To support the growing global demand for the Cree LMH2 module, Cree, Inc. (Nasdaq: CREE), announces the module is now available to lighting manufacturers based in Europe and Asia. The barrier-breaking LMH2 is designed to speed time-to-market and is the only LED module delivering 80 lumens-per-watt system efficacy combined with CRI greater than 90. The modules feature Cree TrueWhite® Technology, a revolutionary way to generate white light with LEDs.

“Cree modules let us quickly and easily create high-performance lighting solutions for our customers,” said Miroslav Masar, SSL director, OMS. “The LMH2 delivers the perfect combination of efficacy, color consistency and cost management.”

The compact, two-piece module gives lighting manufacturers the flexibility needed for rapid LED luminaire design and development. The LMH2 incorporates Cree TrueWhite LED technology for unrivaled efficacy and CRI, featuring primary optics for superior color uniformity. LMH2 also features primary thermal management – potentially eliminating the need for costly secondary thermal management systems. Optimized for more than downlights and spots, the LMH2 is designed for many lighting applications, including wall sconces, pendant lights, ceiling fans and many other common luminaires in commercial, retail, museums, residential, hospitality and restaurant environments.

“The LMH2 is designed with the needs of the 230-volt European and Asian lighting markets in mind,” said Mike Watson, Cree senior director marketing, LED components. “One of the major barriers to LED lighting adoption and design remains upfront cost. The new Cree LMH2 modules can reduce initial luminaire cost and accelerate time-to-market for OEMs.”

The LMH2 is available with 90 CRI at 850 and 1250 lumens and in color temperatures of 2700 K, 3000 K, 3500 K and 4000 K. Designed for 50,000 hours of operation and dimmable to five percent, the LMH2 comes with Cree’s industry-leading warranty. The LMH2 is also UL-recognized and complies with multiple international regulatory and safety standards. Luminaire makers seeking ENERGY STAR® qualification will have access to specification and performance data, including LM-80 reports, which can speed regulatory approvals.

Sample and production quantities are available with standard lead times from both Cree and Cree distributors. For additional information see www.cree.com/modules.

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. 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 risk that actual savings 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 26, 2011, and subsequent filings.

Cree, Cree TrueWhite and TrueWhite are trademarks registered in the U.S. Patent and Trademark Office by Cree, Inc.
ENERGY STAR is a registered trademark of the U.S. Environmental Protection Agency.