Cree Delivers Most Compatible, High-Quality LED T8 Replacement for Consumers

Cree LED T8 Series Delivers Unprecedented Performance & Price to Obsolete Inefficient Fluorescents

DURHAM, NC -- Cree, Inc. (Nasdaq: CREE) continues to relentlessly expand its leading LED bulb portfolio with the TW Series™ LED T8 Tube Replacement for consumers, making inferior linear fluorescent tubes a ‘thing of the past.’ Designed for simple, wire-free installation, the Cree® TW Series LED T8 Tube provides industry leading compatibility, besting the competition in light quality and performance, all at an affordable price. Available as 32-watt replacements, the TW Series LED T8 Tube Replacements are sold at The Home Depot® stores starting at just $21.97 and consuming up to 42 percent less energy than the 32W fluorescent tubes they replace.

Cree T8 Series Fluorescent Replacement Bulbs“Consumers can once again continue to look to Cree to achieve the best lighting experience backed by unmatched price and performance for the seamless transition to energy-saving LED technology,” said Betty Noonan, Cree chief marketing officer. “With the new TW Series™ LED T8 Tube Replacement, we’re not only eliminating the need for outdated fluorescent technology in homes – we’re delivering a fundamentally better light with an affordable, uncompromising LED T8 tube.”

Designed to look like the fluorescent tubes it replaces while providing far superior illumination, the Cree TW Series LED T8 Tube Replacement delivers an unmatched 90+ Color Rendering Index (CRI) in 2700 K Soft White or 4000 K Cool White color temperatures to provide beautiful, natural light for kitchens, closets, garages, laundry rooms and more. Providing high ballast compatibility, Cree’s LED T8 Tube Replacement installs quickly and easily as a one-for-one replacement with instant start, rapid start and dimmable electronic ballasts, with no rewiring needed. Outperforming fluorescent tubes and other popular LED replacements, the Cree TW Series LED T8 Tube Replacements turn on instantly, are dimmable with most standard dimmers, last 50,000 hours and feature a durable, shatter-proof design to deliver high-quality light for years, all backed by a five-year warranty.

Please visit www.homedepot.com/cree or your local Home Depot store to purchase the Cree TW Series LED T8 Replacement Tube today.

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, electronic signs and signals, power supplies and solar 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 will vary from expectations; the risk that 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 29, 2014, and subsequent filings.

Cree® is a registered trademark and TW Series™ is a trademark of Cree, Inc.
The Home Depot® is a registered trademark of Homer TLC, Inc.