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Press release from Business Wire

Cree Introduces Industry's First Integrated LED Module for Residential Downlights

Thursday, June 27, 2013

Cree Introduces Industry's First Integrated LED Module for Residential Downlights

09:00 EDT Thursday, June 27, 2013

DURHAM, N.C. (Business Wire) -- Cree, Inc. (Nasdaq: CREE) announces commercial availability of the 750 lumen LMR2 LED Module—delivering lighting manufacturers an integrated platform to help speed time to market and lower initial cost for LED lighting in residential markets. The breakthrough LMR2 LED module combines light source, driver, optics and primary thermal management in a single, compact system, simplifying retrofit and new installation.

The new LMR2 LED module shares the same form factor of the commercial LMR2 yet is optimized for the performance, dimming and cost requirements of the residential market, providing manufacturers the investment protection of a single platform for all applications. The LMR2 LED module series also shares the same optical and mechanical interface as Cree's LMH2 LED modules, further enabling lighting manufacturers to leverage existing luminaire designs to help speed product development and shorten time to market.

“We are excited that Cree is extending the LMR2 family of LED modules,” said Fred Farzan, president of Nora Lighting. “We worked closely with Cree to design a cost-effective system, while still maintaining the high product quality Nora is known for. With the new Cree® LMR2 LED module, we are able to deliver higher lumen output and efficacy in a single-unit design that more easily integrates into existing single-piece incandescent downlight design. With the help of Cree's technology, Nora is able to meet market demands and keep our customers competitive with the highest quality products.”

Featuring Cree EasyWhite® technology, the LMR2 delivers 750 lumens at 72 lumens-per-watt, 80 CRI and is available in color temperatures of 2700 K, 3000 K, 3500 K and 4000 K. Cree EasyWhite technology allows lighting manufacturers to deliver consistent lumen output across all available color temperatures while maintaining a tight color consistency. Designed for 35,000 hours of operation and dimmable to five percent and compatible with most standard dimmers, the LMR2 comes with Cree's industry-leading three-year warranty. The LMR2 is UL-recognized and luminaire makers seeking ENERGY STAR® and California Code of Regulations Title 24 qualification will have access to specification and performance data, including LM-80 reports, which can speed regulatory approvals. Please visit www.cree.com/lmr2 to learn more about the LMR2.

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 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 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® and EasyWhite® are registered trademarks of Cree, Inc.

ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency.

Cree, Inc.
Gena Fiegel, 919-407-7651
Corporate Communications
media@cree.com

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