March 3, 2016

Cree Reinvents the LED Residential Streetlight with New RSW Series

RSW Luminaire First to Provide Better Light at Warm Color Temperatures
DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) introduces the Cree RSW LED Street Luminaire, the first of a new generation of streetlights that deliver LED energy savings and reliability in a warm color temperature that is preferred in many residential applications. The revolutionary RSW LED streetlight utilizes Cree’s proprietary WaveMax technology to provide warm, even light with market-leading 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.

RSW“Cree is committed to providing better light experiences by continuing to unlock the true potential of LED technology,” said Norbert Hiller, executive vice president of lighting at Cree. “Cree’s RSW Series ensures residents will no longer have to live with the glare of street lights in their homes at night, saving municipalities time and energy while reducing resources allocated to managing residential complaints about harsh street lighting.”

The Cree® RSW LED Street Luminaire is the first viable street light that delivers superior efficacy of up to 115 LPW at a color temperature of 3,000K and Color Rendering Index (CRI) of 80.  Municipalities and utilities originally adopted LED lighting that used mostly cool white LED technology to help achieve good efficacies and necessary economic advantages. With the RSW Series, municipalities no longer have to opt for cooler CCT solutions in order to optimize ROI and can deploy warm lighting solutions without sacrificing efficacy for residential applications. The result is enhanced visual comfort, reduced glare and higher color contrast for residential street lighting using less energy.

The Cree RSW Series features an innovative housing for easy installation and long-life durability. It is designed to meet a vast majority of challenging roadway and street lighting applications that range from low to high pedestrian conflict areas, making it the ideal platform solution for municipalities, cities and departments of transportation (DOTs).

The Cree RSW LED Street Luminaire is available now. 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 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, lighting products and semiconductor products for power and radio frequency (RF) applications. 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.