May 3, 2012

Cree Introduces Industry’s First LED Module Designed to Replace Ceramic Metal Halide Lighting

New Cree LMH2 Module Delivers Unparalleled Efficacy and Design Flexibility
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) expands the recently launched 2000 and 3000 lumen LMH2 module family and delivers lighting manufacturers a new dome lens and universal driver with dimming options. The new lens enables up to a five percent increase in system efficacy compared to the standard lens and delivers an unrivalled hemispheric light pattern. Cree LMH2 modules enable true 50 watt and 70 watt ceramic metal halide LED replacements and support an expansive range of lighting applications, including downlights, wall sconces, pendants, flush-mounted, spot, track and ceiling fan lights.

The new barrier-breaking LMH2 module is also now available with a 120-277V universal driver with 0/1-10 volt dimming capability. The extremely versatile and modular LMH2 LED offers a range of lumen, color temperature, driver and beam shape options in one common form factor – enabling lighting manufacturers to quickly customize their applications and speed time-to-market.

“The new LMH2 delivers the perfect combination of high efficacy, color quality and controls,” said Anthony Toniolo, president, DDP & Emerge Lighting. “The Cree LED module provides Data Display the design and manufacturing flexibility needed to accelerate our time-to-market.”

Optimized with the new hemispheric beam shape of the dome lens, the drop-in ready LMH2 delivers up to 80 lumens-per-watt system efficacy combined with 90+ CRI. Featuring Cree TrueWhite® Technology, the new LMH2 module is available in 2000 and 3000 lumens and delivers more than 95 lumens per watt at the light source. The module is available 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 light source 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.

“Lighting manufacturers no longer need to settle for inferior quality and performance offered with ceramic metal halide lighting,” said Mike Watson, Cree senior director marketing, LED components. “Cree’s LMH2 family lets designers quickly and easily convert their traditional lighting portfolio to LEDs and simultaneously deliver their end-users improved color quality, efficacy and performance.”

Visit Cree at Lightfair International, Booth #130, to see the new LMH2 module family options. Sample and production quantities are available with standard lead times from both Cree and Cree distributors. For additional information see www.cree.com/products/modules_lmh2.asp.

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® and Cree TrueWhite® are registered trademarks of Cree, Inc.

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