April 19, 2016

Essentia by Cree LED Track Light Portfolio Now Available

DURHAM, N.C. -- The new Essentia® by Cree (Nasdaq: CREE) LED Track Light portofolio is now available for orders and shipments. The LED track lights are among the first products available from the new Essentia® by Cree lighting portfolio, offering superior choice in performance and design to transform commercial spaces through exceptional lighting.

“The Essentia® LED Track Light portfolio elevates the industry standard for functional LED lighting backed by a leader you trust with attractive efficacy and warranty,” said David Elien, Cree senior vice president, lighting. “The new Essentia® by Cree line of track lighting products offers a broad range of high-quality lighting solutions that makes selecting Cree easy.”

essentia trackThe Essentia® LED Track Light portfolio is available in high quality fit and finish and includes LED-integrated track heads with precision optics for a beautiful beam spread.  The track lighting casts smooth light without fringing, hot spots, or discoloration to beautify commercial applications including retail, office, restaurant, and hospitality.  The product delivers performance up to 80 lumens per watt (LPW) at 80 CRI in color temperatures of 2700K, 3000K, 3500K and 4000K.

The Essentia® by Cree lighting portfolio is engineered to provide outstanding performance for new construction and renovation applications and comes with a 5-year limited warranty. Additional new product categories in the portfolio are targeted to include downlights, exit and emergency lighting and outdoor lighting.  

This new family of products will be showcased by Cree at booth #2637 during LIGHTFAIR International in San Diego from April 26-28. Visit http://lighting.cree.com/essentia-by-cree and http://lighting.cree.com/essentia-by-cree-track to learn more.

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.

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

# # #