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Press release from Business Wire

Cree Introduces New AR Series LED Architectural Troffers

<p class='bwalignc'> <i>Expands LED Lighting Portfolio with Architecturally Optimized Luminous Troffers Delivering 100 Lumens per Watt</i> </p>

Thursday, February 28, 2013

Cree Introduces New AR Series LED Architectural Troffers09:00 EST Thursday, February 28, 2013 DURHAM, N.C. (Business Wire) -- Building on the success of the CR Series LED troffer, Cree, Inc. (Nasdaq: CREE) is announcing the new AR Series LED Architectural troffer, delivering soft, high-quality light with exceptional efficacy of 100 lumens per watt. With its flush mount white housing, the AR Series troffers blend seamlessly into any ceiling design and softly illuminate the space through highly diffused performance optics. The new AR Troffer aesthetic provides increased architectural lighting options while delivering industry-leading light quality and energy savings using Cree TrueWhite® Technology. The exceptional performance of the AR Series enables rapid payback by providing 33 percent energy savings versus standard T8 fluorescent solutions and low maintenance costs with its designed lifetime of up to 75,000 hours. Like the CR Series LED troffer, the AR Series is covered by Cree's industry leading 10-year limited warranty offering increased investment protection. “The AR Series provides an excellent option to the lighting specifier, designer or customer who is seeking aesthetic options to our standard CR Series LED troffer,” said Greg Merritt, vice president, lighting at Cree. “We now have a fully luminous troffer, with a new architectural look suitable for applications such as corporate offices, up-market retail merchandising spaces and automotive retail applications.” The AR Series troffers are available in two models, the AR22™ troffer and AR24™ troffer, and a range of color temperatures to match existing fluorescent technologies (3500K and 4000K). The AR Series supports dimming down to 5 percent with industry standard 0-10V controls. Lutron EcoSystem® enabled AR Series troffers supporting dimming down to 5 percent are targeted to be available in mid-2013. The AR Series Architectural troffers are sold through Cree lighting sales channels. Please visit www.cree.com/lighting/ARseries to learn more about the new AR Series LED architectural troffer. 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/lighting. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.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 24, 2012, and subsequent filings. Cree®, Cree TrueWhite®, and TrueWhite® are registered trademarks, and AR22™ and AR24™ are trademarks of Cree, Inc. Lutron® and EcoSystem® are registered trademarks of Lutron Electronics Co., Inc. Cree, Inc.Gena Fiegel, 919-407-7651Corporate Communicationsmedia@cree.com