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LS Series Linear Luminaire Features High Efficiency, Superior Color Quality and Application Flexibility DURHAM, N.C. — Cree, Inc. (Nasdaq: CREE) introduces the LS Series linear LED luminaire, designed to replace the hundreds of millions of fluorescent strip, wrap and industrial fixtures currently installed in North America. The Cree® LS Series linear LED luminaire offers a market leading combination of sleek aesthetics and high performance, and complements Cree’s extensive troffer and linear luminaire portfolio. Designed in a slim, modern form factor with multiple mounting options and lumen packages, the new LS Series linear LED luminaire can reduce energy consumption by more than 25 percent* and nearly eliminate costly maintenance expenses, making it the ideal replacement for retail, education and industrial applications. Powered by Cree TrueWhite® Technology, the LS Series linear LED luminaire delivers best-in-class color quality and accuracy, a key feature for applications where visual acuity and color rendering are important. Offering surface, pendant, suspended and cove mounting options in four and eight-foot configurations, the LS Series linear LED luminaire provides flexible installation and easy end-user customization to accommodate nearly any application. The LS Series linear LED luminaire also reduces the “cave effect” commonly found in outdated fluorescent luminaires by providing a desirable 10 percent uplight. “The Cree® LS Series linear LED luminiaire proves that customers don’t have to sacrifice modern aesthetics for high quality lighting,” said Norbert Hiller, Cree executive vice president, lighting. “We removed existing product barriers and delivered a linear luminaire that produces exceptional, long-lasting light in a modern form factor. The LS Series linear LED luminaire provides these benefits at a value price and with a 10-year limited warranty that will make choosing LED simple.” The Cree LS Series linear LED luminaire is sold through Cree lighting sales channels throughout the U.S. and Canada. Please visit www.cree.com/lighting/LSSeries to learn more. *Energy consumption calculated against a fluorescent two-lamp fixture (with lamp and ballast equal to 55 system watts) and based on typical commercial usage of 12 hours per day and $0.11 per kWh electric costs. About CreeCree 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.Please refer to www.cree.com/lighting for additional product and company information.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 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 30, 2013, and subsequent filings. Cree®, Cree TrueWhite® and TrueWhite® are registered trademarks of Cree, Inc.