Cree® LMH2 LED Modules Bring Unrivaled Efficacy and Light Quality to Lighting Manufacturers

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces the commercial availability of the new LMH2 LED module family, designed to speed time-to-market for high-quality LED luminaires. The barrier-breaking LMH2 is the only LED module delivering 80-lumens-per-watt system efficacy combined with CRI greater than 90. The modules feature Cree TrueWhite^® Technology, a revolutionary way to generate white light with LEDs. The modules deliver high efficiency with beautiful light characteristics and color accuracy while maintaining color consistency over the life of the product.

The compact, two-piece module allows maximum design flexibility—uniquely enabling manufacturers to incorporate their luminaire design into the thermal management system and potentially eliminating the need, and cost, of secondary thermal management. By separating the light source and power supply, Cree gives luminaire designers a broad range of options for mounting, wiring and reflector design. Optimized for more than downlights and spots, the LMH2 makes Cree TrueWhite Technology easily available in many lighting applications, including wall sconces, pendant lights, ceiling fans and many other common fixtures in residential, retail, museums, hospitality and restaurant environments.

"At Cree we uniquely understand what lighting OEMs need to bring LED fixtures to market. The new Cree LMH2 modules make the benefits of Cree TrueWhite Technology affordable and widely available,” said Mike Watson, senior director of marketing, Cree LED components. "Only Cree enables our customers with the latest LED modules that combine 80 LPW efficacy with 90+ CRI.”

The LMH2 is available at 850 and 1250 lumens and in color temperatures of 2700 K, 3000 K, 3500 K and 4000 K with more than 90 CRI. Designed for 50,000 hours of operation and dimmable to five percent, the LMH2 comes with Cree’s new industry-leading five-and-a-half year warranty. The LMH2 is also UL-recognized and complies with multiple international regulatory and safety standards. Fixture makers seeking ENERGY STAR^® qualification will have access to specification and performance data, including LM-80 reports, which can speed regulatory approvals.

Sample and production quantities are available with standard lead times from both Cree and Cree module distributors. For additional information see www.cree.com/modules.

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 lighting-class power LEDs, LED modules, LED fixtures and bulbs, blue and green LED chips, high-brightness 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. 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 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 the 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 26, 2011, and subsequent filings.

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

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