Cree Extends Groundbreaking OSQ Series to Deliver 58 Percent Efficacy Increase and New Higher Output Luminaire

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE) extends the groundbreaking performance of its industry-leading OSQ Series Area and Flood LED luminaires, delivering up to 58 percent more efficacy on existing lumen packages at up to 136 lumens-per-watt (LPW) for increased energy savings. The series also now offers a new OSQ 28L Outdoor Area and Flood LED luminaire option, delivering up to 28,285 lumens and enabling the replacement of HID fixtures up to 1000W. The result is better light for more applications, including open parking, walkway and common area within commercial, residential, healthcare, campus and municipal environments.

“The unmatched performance of the OSQ Series is another example of Cree’s commitment to providing better light that goes beyond the industry standard for our customers,” said David Elien, Cree senior vice president, lighting. “The new OSQ 28L Outdoor Area and Flood LED luminaire helps customers reduce energy usage by up to 80 percent when replacing outdated  HID fixtures up to 1000W to deliver vastly improved light experiences.”

Utilizing Cree’s cutting-edge technology, the OSQ Series blends extreme optical control, advanced thermal management and modern clean aesthetics to dramatically reduce maintenance and energy costs for a rapid return on investment. Built to last, the housing is rugged cast aluminum with an integral weather-tight LED driver compartment. Versatile mounting configurations offer simple installation, and its slim low-profile design minimizes wind load requirements and blends seamlessly into the site, providing even quality illumination.

Available in 3000K, 4000K and 5700K color temperatures with a 100,000-hour rated lifetime, the OSQ Area and Flood LED luminaires are backed by Cree’s industry-leading 10-year warranty.

The Cree® OSQ Series is available through Cree lighting sales channels throughout the U.S. and Canada. Please visit http://lighting.cree.com/osq-series for more information.

About Cree
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® is a registered trademark and OSQ is a trademark of Cree, Inc.

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