Cree Wins 2014 Lighting for Tomorrow Award in Solid-State Lighting

Design Featuring XLamp CXA1310 High Density LED Achieves 100-Watt PAR38 Performance in MR11 Size

DURHAM, NC -- Cree, Inc. (Nasdaq: CREE) has won the 2014 Lighting for Tomorrow Award for Solid State Lighting design in the directional lighting category with the Mini CXA HD Punch, a groundbreaking concept design that redefines what can be accomplished with LED lighting by achieving 100-watt PAR38 performance in the size of an MR11. Cree accepted this award on Tuesday, Sept. 16 at the American Lighting Association (ALA) Annual Conference in Nashville, Tennessee.

Mini CXA HD PunchCree designed the Mini CXA HD Punch to demonstrate new innovations using the Cree XLamp® CXA1310 High-Density LED Array, emitting a beautiful, smooth beam with exceptional color rendering. Currently in review for ENERGY STAR® qualification, the concept design Mini CXA HD Punch delivers 3000K color temperature with a 40-degree beam angle and is designed to support a wide range of decorative colors. Cree® High-Density (HD) LEDs deliver the industry’s highest optical control factor (OCF), redefining the performance, cost and size of LED lighting and enabling new lighting solutions that were not previously possible.

“Cree is thrilled to win the 2014 Lighting for Tomorrow Award with the Mini CXA HD Punch,” said David Cox, Cree director of alliance development. “With unmatched lumen density and small Light Emitting Surface (LES), Cree High-Density LEDs made it possible to deliver the performance of a 100-watt PAR38 in a 75 percent smaller form factor, something that has never been done before.”

The 2014 Lighting for Tomorrow judging panel consisted of eight judges drawn from various areas of the residential lighting community and a diverse cross-section of experts in lighting technology, lighting sales, standards and safety, energy efficiency, lighting design and communications. Submissions were evaluated considering the following criteria: color appearance, color rendering, illuminance, application efficiency, value and aesthetics. The Mini CXA HD was described by judges as an innovative design that provides quality performance and beam smoothness for its size, setting it apart from its competition and pushing the boundaries of the category.

Sponsored by the American Lighting Association, the Consortium for Energy Efficiency (CCE) and Underwriters Laboratories (UL), the Lighting for Tomorrow Awards honored a broad range of residential LED products such as fixtures, retrofit kits and replacement lamps, focusing on high demand LED product categories, such as high lumen replacement A-lamps, replacement A-lamps under $10 and fixtures under $50.

Please visit www.cree.com/xlamp/lightingfortomorrow for more information about the award-winning Mini CXA HD Punch.

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, backlighting, electronic signs and signals, power suppliers 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 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® and XLamp® are registered trademarks of Cree, Inc. ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency.