Cree Introduces Next Generation of Groundbreaking RSW LED Street Light Portfolio

DURHAM, N.C. — Cree, Inc. (Nasdaq: CREE) announces the next generation of its groundbreaking Cree® RSW LED Street Light portfolio with the introduction of 2700K, 5000K and 70 Color Rendering Index (CRI) configurations, giving cities and municipalities the ability to meet the full range of lighting preferences for their communities without sacrificing energy savings. The enhanced series includes RSW Small and Medium models that offer warm, inviting light for residential streets and clean, white illumination for roadways. Both deliver improved performance for superior efficacy with uniform and dark-sky friendly LED lighting.

“Cree’s RSW Series enables municipalities to save time, energy and resources with LED street lighting without sacrificing the comfort of residents,” said David Elien, Cree senior vice president and general manager, lighting. “The additional offerings ensure that community officials can address the unique requirements of each roadway application while using less energy and providing enhanced visual comfort without the glare of street lights spilling into neighborhood properties at night.”

Municipalities and utilities are under constant pressure to lower operating costs while providing safe and visually appealing light. The expanded series delivers superior efficacy of up to 128 LPW, outperforming High Pressure Sodium (HPS) solutions with up to 70 percent more energy savings and replacing HPS fixtures ranging up to 150W.

Utilizing Cree’s revolutionary WaveMax® Technology, the RSW Series delivers market-leading color quality and efficacy while providing enhanced visual comfort with reduced glare and high color contrast. The RSW Series is also smart-city ready, enabled by a standard NEMA 7-pin.

“With so much discussion around LED street lighting, selecting the right solution can be challenging,” said Elien. “Cree believes choosing better light should be easy, so we have designed the RSW Series to meet the needs of everyone involved in the process: the buyer, the installer, as well as the people who live under them.”

The Cree® RSW Series is backed by Cree’s industry-leading 10-year warranty and available through Cree lighting sales channels throughout Canada and the U.S. Please visit http://creecanada.com/products/exterior/street-roadway/rsw-series/ for more 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 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 26, 2016, and subsequent filings.

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