April 19, 2016

Cree Introduces Complete Portfolio of Breakthrough RSW LED Streetlights

New Streetlights Extend Better Light from Driveways to Highways
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) announces the full range of its breakthrough RSW LED Street Luminaires with the introduction of three new models that deliver comfortable, uniform and dark-sky friendly LED lighting to roadway applications. The new streetlights complete the portfolio of Cree’s ground-breaking RSW Series, the first generation of LED streetlights to deliver LED energy savings and reliability in preferred color temperatures.

RSWThe three new models join the initial launch of the small form factor and replace outdated high-intensity discharge fixtures of 70-100W HPS, 150W HPS, 250W HPS and 400W HPS.  The Cree® RSW Series now offers a unified solution for towns, cities, states, and utilities that addresses street lighting needs from driveways to interstates.

Utilizing Cree’s revolutionary WaveMax technology to deliver market leading uniformity, color quality and efficacy, Cree’s RSW Series ushers in a new era of street lighting that will transform the way cities and municipalities light their residential streets, interchanges and expressways. The new RSW Series luminaires deliver superior efficacy of up to 115 LPW at color temperatures of 3000K or 4000K and a Color Rendering Index (CRI) of 80. The result is enhanced visual comfort, reduced glare and higher quality street lighting for roadways using less energy. The series is also smart-city ready, enabled by a standard NEMA 7-pin socket.

“Cree is committed to providing better light experiences through better LED technology, and the RSW Series is poised to become our premiere intelligent street light solution,” said David Elien, Cree senior vice president of lighting. “Cree’s RSW Series ensures customers now have the opportunity to utilize warmer color temperatures for their street lighting needs without sacrificing LED performance and energy savings.”

The Cree RSW Series features an innovative housing for easy installation and long-life durability that also mitigates light pollution. It is designed to meet a vast majority of challenging roadway and street lighting applications that is the ideal platform solution for municipalities, cities and Departments of Transportation.

See the complete RSW Series on display at the Cree booth, #2637, at LIGHTFAIR International in San Diego from April 26-28.  The 70-100w HPS replacement is shipping now, and the rest of the new RSW Series models will be available in late summer. Please contact a Cree lighting sales representative for details and visit http://lighting.cree.com/rsw-series for additional information. 

About Cree, Inc.:

Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality, interior and exterior LED lighting solutions.

Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters.

For additional product and Company information, please refer to www.cree.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 and lifetimes 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 our new 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, 2015, and subsequent filings.

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Cree® is a registered trademark, and RSW and WaveMax are trademarks of Cree, Inc.