Cree, Inc. (Nasdaq: CREE) builds on its industry-leading Cree® LMH2 LED Module family with the introduction of the LMH2+, the industry’s highest performing LED module, delivering 30 percent better performance than the previous generation in the same form factor. Providing efficacy of 125 lumens per watt with color-quality greater than 90 CRI, the LMH2+ is the only LED module that allows lighting manufacturers to achieve a system efficacy of 100 lumens-per-watt with high light quality.

“Cree’s dedication to LED innovation is evident in the LMH2+,” said Wesley Johnson, sales director, Hi-Lite Mfg. Co. “This product is just what we are looking for to satisfy the higher efficacy requirements of our customers.”

Featuring elements of Cree’s innovative SC5 Technology™ Platform, the groundbreaking efficacy of the LMH2+ drives new applications, enables smaller luminaires and lowers system cost. The LMH2+ allows lighting manufacturers to address more challenging installations such as those with space constraints or higher ambient temperatures.

“The LMH2+ is another breakthrough innovation from Cree that delivers more than just an incremental improvement,” said Paul Thieken, Cree director of marketing, LED Components. “The LMH2+ enables lighting manufacturers to continue to lead the market in performance and light quality without incurring the time and expense of a major design change.”

The LMH2+ is a drop-in upgrade for LMH2-based designs, providing an immediate boost in performance compared to the previous generation. Like all LMH2 modules, the LMH2+ delivers the same efficacy across all color temperatures. Lighting manufacturers can also leverage existing ecosystems, tooling and optic design elements to accelerate time to market and lower design cost. In addition, UL® rating will be available for maximum and nominal currents to provide more driver options and design flexibility.

The LMH2+ LED Module is available at 1250, 2000 and 3000 lumens and in color temperatures of 2700 K, 3000 K, 3500 K and 4000 K at 90+ CRI. Designed for 50,000 hours of operation and dimmable to five percent, the LMH2+ is backed by Cree’s five year warranty. Luminaire makers seeking ENERGY STAR® qualification will have access to specification and performance data, including LM-80 reports, which can speed regulatory approvals. Samples and production quantities are available with standard lead times from Cree distributors. Please visit http://www.cree.com/lmh2plus for additional information.

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 29, 2014, and subsequent filings.

Cree® is a registered trademark and SC5 Technology™ is a trademark of Cree, Inc. ENERGY STAR® is a registered trademark of the U.S. Environmental Protection Agency. UL® is a registered trademark of UL LLC.