Cree : New Cree LN Series Luminaire Now Available

First Indirect/Direct Suspended Luminaire Reinvents Indoor Lighting Experiences

'Cree continues to demonstrate that LED technology can provide fundamentally superior light experiences that go beyond energy and maintenance savings, to help improve your comfort, productivity and safety,' said David Elien, Cree senior vice president, lighting. 'The Cree LN Series suspended luminaire challenges the possibilities of today's lighting, with a stunning new form factor that's intelligent in both design and function, delivering a game-changing combination of control, uniformity and efficiency for the finest visual experience.'

As the first indirect/direct luminaire from Cree, the LN Series delivers 60 percent of its light upward to dispel the striped ceiling contrasts common with direct and indirect uplight fixtures, resulting in superb illumination to the task surface for greater productivity and heightened alertness. Boasting a unique modular light engine for easier job design, specification and installation, the new Cree LN Series suspended luminaire is perfect for both new construction and retrofit applications.

'The Cree LN Series luminaire creates uniform lighting on work surfaces and its ability to dim allows for flexibility in daily tasks. The form of the light is simple and the lens allows daylight to shine through when the lights are turned off,' said Jeffrey Paine, Founding Partner at Duda|Paine Architects in Durham, NC.

Destined to become an architectural icon, the Cree LN Series luminaires offer superior 4:1 ceiling uniformity with up to 90 percent optical efficiency. Cree engineers used a unique approach to lighting optics, utilizing Cree's patented WaveMaxTechnology, resulting in fixtures delivering up to 115 LPW at a 90+ color rendering index (CRI), with up to 3700 lumens at 3500K or 4000K. The engineers developed a modular design to simplify installation and improve architect, lighting designer and specifier freedom with increased spacing between luminaires. The highly efficient LN Series luminaire enables exceptionally quiet ceilings for beautiful, vibrant spaces, at a price aimed to drive adoption. The luminaire can be easily installed in runs of up to 136 feet continuous rows with a single power feed, utilizing simple 2-screw connections between each fixture.

In addition to standard 0-10V dimming, the LN Series is also available with Cree SmartCast Technology, Cree's industry-leading intelligent light solution, providing a combination of extreme energy productivity and a more personalized light experience that's so intuitive and simple, it just works. With SmartCast Technology, occupants experience intelligent light at an affordable price, creating a customizable lighting environment that can save more than 70 percent in energy costs over outdated linear fluorescent lighting.

The Cree LN Series suspended luminaire features a 10-year limited warranty - double that of most industry competitors, and is available to order and ship now. Visit http://lighting.cree.com/products/indoor/surface-suspended/ln-series to learn more.

About Cree, Inc.:

Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions.

Cree's product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree's products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and 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 our new 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 28, 2015, and subsequent filings.

Cree and SmartCast are registered trademarks and WaveMax is a trademark of Cree, Inc.

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