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Press release from Business Wire

Cree Launches Industry's First Driver Compatibility Program for LED Modules

<p class='bwalignc'> <i>Offers Unique LED Module Light Source Warranty When Paired with a Compatible Driver</i> </p>

Wednesday, January 09, 2013

Cree Launches Industry's First Driver Compatibility Program for LED Modules09:00 EST Wednesday, January 09, 2013 DURHAM, N.C. (Business Wire) -- Cree, Inc. (Nasdaq: CREE) introduces the Driver Compatibility Program for its LED products. The new Driver Compatibility Program provides LED lighting manufacturers with a list of drivers that are compatible with Cree® LED modules, as verified through evaluation and testing by Cree. By leveraging the technology and features of third-party drivers, the program enables lighting manufacturers to quickly address the requirements unique to various countries, further differentiate their products and address more applications. The first of its kind program allows Cree to extend its LED module warranty to the use of Cree's LED module with a compatible third-party LED driver. Cree's LED modules warranty was previously limited to the use of a Cree LED module with a Cree driver. The Driver Compatibility Program demonstrates Cree's continued commitment to helping LED lighting manufacturers overcome the challenges of bringing high-quality products to market faster. “Cree's Driver Compatibility Program enabled us to find a driver that meets a customer's specific dimming requirement,” said Fred Farzan, president of Nora Lighting. “Because of the program, we solved the customer's problem and won the business.” “We're pleased to take part in Cree's Driver Compatibility Program, which helps build a larger ecosystem for customers,” said John LaCorte, national sales manager of Thomas Research Products. “It offers a new level of confidence in selecting Cree LED products and compatible, highly reliable LED drivers from Thomas Research Products. This can speed time to market for customers that design LED luminaires.” “Cree's Driver Compatibility Program is yet another way Cree drives LED adoption, enabling everyone to win in the LED revolution,” said Mike Watson, Cree senior director marketing, LED components. “For driver manufacturers, the program provides access to Cree's customers and products, expanding their market and enabling them to better serve lighting manufacturers. For lighting manufacturers, the program provides greater design flexibility and enables a shorter design cycle to get products to market faster.” Cree kicks off the Driver Compatibility Program with a range of compatible drivers for the LMH2 LED Module and plans to extend to other LED products later this year; program details can be found at www.cree.com/dcp. To view the full list of compatible drivers, please visit www.cree.com/drivercompatibility. To learn more about the Driver Compatibility Program or to submit a driver for consideration, please visit www.cree.com/submitdrivers. 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 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 24, 2012, and subsequent filings. Cree® is a registered trademark of Cree, Inc. Cree, Inc.Gena Fiegel, 919-407-7651Corporate Communicationsmedia@cree.com