September 19, 2016

Cree Named Cleveland Browns Official Lighting Partner

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) has been named the exclusive Official Lighting Partner of the Cleveland Browns. Cree and the Browns have partnered to continue to deliver a better fan experience with recent lighting improvements made to the Cree branded gate at FirstEnergy Stadium. This season, fans will enjoy a better lighting experience with new Cree® LED lighting installed throughout the gate, as well as a new escalator wrap that gives fans bright ideas for saving with LED lighting while having fun on game-day.

Today, the Cree branded gate is newly illuminated by Cree LS Series LED surface ambient luminaires, enabled with Cree’s TrueWhite® Technology for extreme efficiency and exceptional color rendering. As a result, fans can now enjoy the game in their true team colors. As part of FirstEnergy Stadium’s 2015 $125 million modernization project, Cree CXB Series high-bay lighting was installed in concourses adjacent to the Cree LED Lighting gate. The benefits of the CXB Series include improved visibility and energy savings, vastly reduced maintenance costs and improved aesthetics.

 “The Browns are proud to partner with Cree throughout the year, including their contributions on game day at FirstEnergy Stadium,” said Cleveland Browns Randy Domain, vice president, corporate sponsorships. “Cree’s commitment to delivering better light and quality products are great enhancements as we continually strive to provide the best fan experience to Browns fans, the best in the league.”

“Cree and the Cleveland Browns have worked together to deliver a great fan experience,” said David Elien, senior vice president, lighting, Cree. “As the official lighting partner of the Browns, Cree celebrates this great franchise and their rich tradition of achievement on and off the field.  We are excited to stand with the Browns’ fans to deliver on the promise of better fan experiences through better light.”

Please visit www.cree.com 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 26, 2016, and subsequent filings.

Cree® and TrueWhite® are registered trademarks of Cree, Inc.  Browns® is a registered service mark of Cleveland Browns Football Company LLC.  FirstEnergy® is a registered service mark of FirstEnergy Corp.

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